Pan African CEO Cobus Loots commented:
“The group results for the 2018 financial year are reflective of both the incredibly challenging operational environment and the specific issues that confronted the group over the past year. These issues, as well as the definitive remedial actions we implemented, were well disseminated to the market. The operational update and ➤
Shareholders are referred to previous announcements pertaining to Royal Sheba, specifically, the information included in the operational update of 28 March 2018. The Group has continued the Royal Sheba exploration drilling programme and is now able to provide feedback on the updated Mineral Resource Estimate (“MRE”) and the surface exploration drilling results. The results, thus ➤
African Resources is pleased to announce that Barberton Mines Proprietary Limited (“Barberton Mines”) has successfully concluded a three-year wage agreement with the National Union of Mineworkers (“NUM”) and the United Association of South Africa UASA”) (“the Agreement”). NUM and UASA represent the majority of employees at Barberton Mines. The Agreement provides for an average annual ➤
Pan African is pleased to announce the inaugural gold pour at its Elikhulu tailings retreatment plant (“Elikhulu” or the “Project”) on 16 August 2018.
Listen to Cobus Loots, CEO of Pan African Resources, provide an update on the company’s activity for the year and its plans for the future.
Following the operational updates released in March and May 2018, Pan African is pleased to provide preliminary production results for the financial year ended 30 June 2018, production guidance for the 2019 financial year and further information on the Group’s operations and organic growth projects.
Pan African Resources has been notified that PAR Gold Proprietary Limited (“PAR Gold”) has disposed of 130-million shares in Pan African Resources, representing 5.8% of the issued share capital of the Company, at a price of R1.15 per share, representing a 5.0% discount to the Company’s last closing price of R1.21 on 29 May 2018 ➤
Further to the announcement published on 2 May 2018 in respect of the finalisation of Evander Gold Mining Proprietary Limited (“Evander Mines” or “Evander”) restructure and operational update,
Pan African Resources advises shareholders.
Further to the operational update released on 28 March 2018, Pan African Resources advises shareholders of the conclusion of the Evander Gold Mining Proprietary Limited (“Evander Mines” or“Evander”) section 189 of the South African Labour Relations Act, 66 of 1995, process (“Section 189 Process”) and progress made on the Group’s operations and growth projects.
Following the operational update released on 2 March 2018, Pan African is pleased to provide further information on the Group’s operations and growth projects. Key points can be summarised as follows:
