About Pan African Resources
Who we are
Pan African Resources is a leading mid-tier gold producer with a unique portfolio of low-cost surface mining and high-grade underground mines. Our shares trade is as follows:
In the UK through a primary listing on the Main Market of the LSE (ticker: PAF)
In South Africa through a primary listing on the Main Board of the JSE (ticker: PAN) and a secondary listing on the A2X Market (A2X)
In the United States of America (USA) on the OTCQX Best Market (OTCQX) through a Level 1 American Depository Receipt (ADR) programme sponsored by the Bank of New York Mellon (ticker: PAFRY) and ordinary shares (ticker: PAFRY).
Our Purpose
We are committed to optimally and consistently extracting gold from mineral deposits while creating sustainable value for all stakeholders through responsible mining.
Our Vision
To position Pan African Resources as a leading mid-tier, growth-focused gold producer that upholds its purpose and sets benchmarks in sustainability, efficiency, and community impact.
Our Values
Ownership
Integrity
Teamwork
Innovation
Excellence
Resilience
Care
Attitude
Our Value-Creating Strategy
Our strategy is to safely and efficiently extract value from our mineral deposits while prioritising the long-term sustainability of our business. We leverage our combined knowledge and skills base to approach mining in an entrepreneurial manner, generating compelling returns for our stakeholders.
Integrated thinking is essential to delivering our strategy, managing our risks, and identifying opportunities. It informs our strategic initiatives, which are annually approved by the board.
Profitability
Maintaining a strong focus on being one of the highest-margin gold producers in Southern Africa.
Mining for a Future: Our Guiding Mantra
As a mid-tier gold producer, our mission revolves around the safe and proficient extraction of value from our mineral resources while ensuring the long-term sustainability of our operations. Our dedication to sustainability goes above and beyond mere regulatory compliance.
We are successfully expanding our production capacity beyond 270,000 oz per annum, while engaging with experts
in community relations, environmental conservation, and sustainability projects to deliver benefits that resonate with every stakeholder involved.
This philosophy reflects our commitment to a more agile, smarter, and forward-thinking approach to mining.
Company Structure
Listed in Johannesburg and London, Pan African Resources is a leading mid-tier gold producer.
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The Board
The Board oversees the Group’s risk management process.
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Strategy
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Governance & Ethics
The board is committed to responsibility, accountability, fairness, and transparency through its ethical leadership. We review our corporate governance practices regularly and have adopted King IV as the recognised corporate governance code to ensure that we act in the best interest of our stakeholders, comply with applicable laws and regulations, and quickly adapt to changes in our regulatory environment.
Acts and Codes
The board is ultimately responsible for the Group’s governance structure and framework and is supported by its four sub-committees.
(Corporate)
(Corporate)
(South Africa)
Environment (South Africa)
- South African Companies Act 71 of 2008 – applicable to South African entities
- JSE Listings Requirements
- King IV
- Labour Relations Act of 1995
Our Shareholders
Geographical representation of our shareholders as of 30 June 2025