Pan African poised for rerate as growth options abound
A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its…
Pan African to triple earnings despite testing edges of guidance
PAN African Resources said on Thursday it would report a tripling in full year headline earnings after increasing gold production amid a 54.8% increase in the average gold price.…
SA miners head for best month on record
SOUTH African precious-metals miners are staging a comeback, with the sector heading for its best month on record, Bloomberg reported. The FTSE/JSE Precious Metals and Mining…
Pan African gold project draws investor interest
PAN African Resources said it had received offers from potential co-investors in a proposed underground gold expansion in South Africa. The miner announced in February it was…
Why Pan African has outshone its golden rivals
TO paraphrase Warren Buffett, superior long-term wealth is often built by owning the goose that lays the golden eggs, rather than the golden egg itself. Pan African Resources has…
Pan African pays its way out of Aussie gold penalty
SOUTH African miners have made hay in Australia in recent years. Harmony Gold and Thungela Resources have bought mines in the country as local resources dry up. Gold miner Pan…
Perseus sells Sudan gold prospect as civil war rages on
PERSEUS Mining has thown the towel in on its Sudan gold exploration holdings agreeing to the sale of Meyas Sand Gold Project to China’s Matrix Group for $260m (A$370m). The…
Waste not, want not: DRDGold’s R2.7bn bonanza
IT’S fair to say that almost no-one saw DRDGold as a multibillion-rand-market-cap miner over a decade ago. Back in 2015, at R2.45 a share, most had written it off as a weird…
DRDGold moots plan to buy Sasol’s cyanide facility
DRDGOLD CEO Niël Pretorius has highlighted the danger posed to South Africa’s gold producers by shortages of sodium cyanide produced by Sasol which is the country’s only…
Loots rules out deals at current gold prices
IT’S been a transformative year for Pan African Resources, yet the company remains strongly inward focused for its future growth ambitions. Over the past 12 months the company’s…
Jan Nelson, founder of Copper 360, passes away
COPPER 360, the JSE-listed mining and development company, confirmed on Tuesday that its founding CEO Jan Nelson passed away after a battle with cancer. “His courage, integrity,…
New SA fund targets acquisitions of ‘non-core’ gold mines
BOKAMOSO Gold, a new private equity fund fronted by Billy Mawasha, former head of AngloGold Ashanti’s South African operations, is hoping to buy non-core gold mines from some of…
SA’s newest gold mine summons Joburg’s colourful history
SOUTH Africa’s gold industry has been dwindling for years. Once supplying 83% of all production outside the Soviet bloc, the country doesn’t feature in the global top 10 today.…
Gold on G20 agenda is key in fight against illegal trade
GOLD’S record-breaking gains have generated joy among its miners — but also worry. Looking beyond the outsized financial gains for investors, the explosion in demand for a…
Bristow & Froneman: the last of the modern-day Randlords
CHIEF executive turnover is increasing in the world’s mining sector. It rose to 15.1% in 2023 from 14% a year earlier, according to a report by Canada’s Bedford Group. Despite…
Gold shares becoming a ‘must own’ for investors
THE 56% advance in the gold price over the last 12 months is forcing investors to adjust their investment tactics with one bank saying South African gold miners were still cheap.…
Is it realistic to expect more from gold shares?
THE VanEck Gold Miners Equity ETF has outstripped the spot price of gold this year — yet analysts think shares can still do better. Valuations do not appear “overly lofty”,…
SA gold shares to surge higher as discount fades
SOUTH Africa’s gold miners were still playing a ratings catch up with their North American peers despite tracking for a cash margin of at least 40% this year, said PwC. “I think…
Gold miner ratings still sensible despite rampant metal
PAN African Resources is hoping a Main Market listing in London can help capture new investors who are underweight in gold or are looking for a replacement stock given the recent…
Pan African hits high note amid unstinting gold price
GOLD was expected to remain at “extremely attractive” levels during Pan African Resources’ 2026 financial year, said the firm’s CEO Cobus Loots who added that investment in gold…