Pan African Resources is a gold producer quoted on the London Stock Exchange, AIM:PAF and the Johannesburg Stock Exchange, JSE:PAN operating in South Africa.



Gold Mine Investment

Pan African Resources has succeeded in continuously increasing its gold production levels while simultaneously lowering its all-in sustaining costs. All-in sustaining costs measure all applicable operational and capital production costs, from production and procurement overheads to exploration and development investment.

For investors, this means the group’s mines are running at optimal levels, using as little capital as possible. Investment gains compare favourably with costs.

An Investment Opportunity

Integrated thinking is central to our growth policy and to the management of our business. Our plan ensures that we control the capital used or impacted by our activities to provide enduring value to all investors over the short (one year), medium (two to three years) and long term (over three years).

Our customers and gold investors include the gold bullion export market, Rand Refinery, Gold Exchange Traded Funds (ETFs), and the makers of Krugerrands and gold jewellery.

The Group operates four gold-producing mines:

Barberton MinesThe Barberton Mines are located in a greenstone belt, this is a low-cost, high-grade operation comprising three underground mines: Fairview, Sheba, and New Consort.

Barberton Tailings Retreatment Plant – Located at Barberton Mines, the R325.7 million BTRP commenced construction in April 2012, was completed on schedule and achieved its inaugural gold pour in June 2013.

Elikhulu Tailings Retreatment PlantElikhulu takes advantage of pre-existing gold tailings deposited in the Kinross, Leslie/Bracken and Winkelhaak tailings storage facilities (TSFs).

Evander Mines’ 8 Shaft Pillar MiningEvander Mines’ 8 Shaft pillar mining is expected to contribute 20,000oz to 30,000oz per annum for three years, with first gold produced in August 2019.

UK Takeover Code

The Company is subject to the rules of the UK City Code on Takeovers and Mergers.