Media Test - Pan African Resources: Home

[Financial Mail] Pan African’s golden year

The long-term gold price is the imponderable in assessing its Tennant deal, but so far the signs have been

February 25, 2025

[Bloomberg] Why shares in SA's best-performing mining company almost doubled this year

The best-performing South African miner this year is defying the country's contemporary reputation for ever-more costly and lower-grade gold

February 21, 2025

[Financial Mail] Pan African Resources: Are you here for a good time or a long time?

The miner's Mintails project is expected to increase annual gold production to as much as

February 21, 2025

[Mining Weekly] Concurrent rehabilitation improves community relations

Midtier gold miner Pan African Resources’ concurrent rehabilitation at its Mogale tailings retreatment (MTR) project, located at the Mintails site, near Mogale City in Krugersdorp, Gauteng, is taking the steps required to repair relations with community stakeholders while ensuring value for the company and reducing damage to the

February 21, 2025

[Miningmx] Pan African to consider paying interim dividend in 2026

PAN African Resources will consider paying an interim dividend in its 2026 financial year provided the price of gold remains

February 19, 2025

[Miningmx] Pan African calls time on rampant gold theft at Sheba mine

PAN African Resources said it had ''had enough'' of rampant gold theft and declining productivity at its Sheba mine in Mpumalanga which it is now

February 19, 2025

[Ghost Mail] Pan African Resources continues to slide (JSE: PAN)

The Pan African Resources share price has fallen over 14% in the past week. To put that sell-off in context, it's important to look at the share price over the past year as gold shone

February 19, 2025

[Proactive] Pan African Resources is in an excellent position to capitalise on record-breaking gold prices

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) says it is in an excellent position to capitalise from record gold prices, with high margins, a stable and growing production

February 19, 2025

[Proactive] Berenberg “continues to see upside” for Pan African Resources

Pan African Resources plc's continuing production growth, and its opportunity to outperform forecasts, make it a 'buy' amidst record-breaking gold prices - that's the view of analysts at

February 19, 2025

[Moneyweb] Challenges at Evander Mines hit production, sales, Heps

''At these gold prices we expect to be pretty much de-geared - including a nice increase in dividends in the next 12 to 18 months'': Cobus Loots, CEO Pan African

February 19, 2025

[Times Live] Pan African Resources considers interim dividend as gold soars

Mid-tier gold producer Pan African Resources on Wednesday announced the possible instatement of an interim dividend as the gold price climbed to all-time

February 19, 2025

[News24] Pan African eyes improved SA production, mulls introducing interim dividend

Mid-tier gold miner Pan African Resources on Wednesday said that while a forward sales agreement and lower sales weighed on its half-year profits it's still eyeing significant boosts in coming months and may even start paying an interim

February 19, 2025

[Business Day] Sales slump slashes Pan African headline earnings in half

After missing out on a gold boom, Pan African Resources said it would be materially unhedged from

February 19, 2025

[Mining Weekly] Pan African can operate and grow in South Africa ‘very successfully’, Cobus Loots reports

The London- and Johannesburg-listed Pan African Resources is able to operate and to grow in South Africa - ''and do so very successfully'', an upbeat CEO Cobus Loots stated emphatically on Wednesday when he reported that a full feasibility study on the Soweto Cluster tailings storage facilities (TFSs) is expected

February 19, 2025

[IOL] Pan African Resources sets sights on production boost despite recent revenue slump

Pan African Resources CEO, Cobus Loots, has expressed optimism regarding the company’s future despite grappling with a decline in production and revenue for the half-year period ending December

February 19, 2025

[Ghostmail] Pan African Resources gives the market strong guidance (JSE: PAN)

Mining houses can?t do anything to control the price of the commodity that they produce. All they can do is focus on maximising production and minimising costs, giving themselves the best possible chance to get lucky.It looks as though Pan African Resources is doing a solid job of that, with strong guidance

December 20, 2024

[ShareCast] Pan African Resources upbeat as it finalises TCMG acquisition

Pan African Resources announced on Thursday that it has finalised the acquisition of Tennant Consolidated Mining Group (TCMG), integrating the operation as a wholly-owned

December 20, 2024

[Market Screener] Pan African Resources expects to be "materially" unhedged by February

Pan African Resources PLC said on Thursday it expects to be "materially" unhedged by February, in a move aimed at gaining exposure to the spot gold

December 19, 2024

[Business Day] Pan African expects ‘significant increase’ in gold production in 2026

CEO Cobus Loots says the group is also excited about its ability to further expand its surface business in the short

December 19, 2024

[Mining Weekly] Pan African advancing plans for another promising gold recovery project west of Joburg

A feasibility study on the Soweto Cluster gold recovery project, which like the highly successful Mogale Tailings Retreatment (MTR) is also on Gauteng?s West Rand, will be completed by September, midtier gold mining company Pan African reported on Thursday, December

December 19, 2024

[Miningmx] Pan African sees production accelerating in the next six months

Surface and underground gold miner Pan African Resources expects to grow output by 16% to about 215,000oz of gold in its current year, at the lower end of previous guidance, but with a substantial uplift to between 235,000 and 250,000oz in its 2026 financial year, it said on

December 19, 2024

[Proactive Investors] Pan African Resources shares remain undervalued, says Peel Hunt

The hits keep coming for Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF), but the market continues to undervalue the AIM-listed gold explorer, according to analysts at broker Peel

December 19, 2024

[Proactive Investors] Pan African poised for ‘significant increase’ in gold production as TCMG acquisition finalised

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has finalised the acquisition of Tennant Consolidated Mining Group (TCMG), making the Northern Territory gold producer a fully owned

December 19, 2024

[Proactive Investors] Pan African expands into Australia with Tennant Creek gold acquisition

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) is expanding its operations into Australia with the all-share acquisition of Tennant Consolidated (TCMG), the developer of a gold project in the Northern

November 07, 2024

[Ghostmail] Pan African Resources announces an acquisition in Australia (JSE: PAN)

Pan African Resources recently joined us on Unlock the Stock (watch it here) and the theme was one of the company being able to just carry on doing what it’s doing, with a solid gold portfolio and a favourable price. They managed to do an excellent job of keeping this Tennant Consolidated Mining

November 07, 2024

[Moneyweb] Pan African steams ahead in both Australia and SA

Having exited the Sudan exploration for now and acquiring the former largest and highest-grade open-pit gold mine in Australia, the company is also expecting ‘fantastic success’ with Mintails – CEO Cobus

November 07, 2024

[Mining.com] Pan African expands into Australia, halts Sudan project

South Africa’s Pan African Resources (JSE: PAN)(LON:PAF) is expanding into Australia with the acquisition of gold junior Tennant Consolidated Mining Group (TCMG) for $54.2 million, as it suspends exploration activities in civil-war hit

November 07, 2024

[News24] Pan African bets (sort of) down under

Mid-tier miner Pan African Resources announced it would issue $50.8 million (R887 million) worth of its shares to acquire the 92% of Australian miner Tennant Consolidated Mining it doesn't already

November 07, 2024

[Miningmx] Pan African unveils $54.2m push into Australian gold

PAN African Resources on Tuesday announced the $54.2m acquisition of Tennant Consolidated Mining Group, a privately held company in Australia that owns the Nobles Gold Project, scoped to produce 50,000 ounces a

November 07, 2024

[Mining Weekly] Pan African acquires remaining stake in Australian gold miner TCMG

Midtier gold producer Pan African Resources has acquired the remaining 92% of Tennant Consolidated Mining Group (TCMG) in

November 07, 2024

[Investing.com] Earnings call: Pan African reveals robust 2024 final results with growth plans

In the 2024 Final Results Presentation, Pan African Resources (JO:PANJ) (ticker: PAF), led by CEO Cobus Loots, reported a successful year with a 30% increase in profit and a strong dividend

November 07, 2024

[IOL] Production optimisation helps Pan African to attain 30% higher full year profit

Elikhulu, Pan African’s flagship operation, processes 1.2 million tons of historic tailings per month from the three existing slimes dams at Kinross, Leslie/Bracken and

November 07, 2024

[Market Screener] Pan African Resources plc Proposes Final Dividend for the Year 2024, Payable on December 10, 2024

Pan African Resources PLC proposed a final dividend of ZAR 489 million for the 2024 financial year (approximately USD 26.8 million), equal to 22.00000 ZAR cents per share or approximately 1.20946 US cents per share (0.95611 pence per

November 07, 2024

[Investors' Chronicles] Pan African Resources' production boosted by surface works

Management is confident that the gold price trend is set to

November 07, 2024

[ShareCast] Pan African reports strong set of full-year results

Pan African Resources announced a strong set of financial and operational results for the year ended 30 June on Wednesday, highlighted by a 16.8% increase in revenue to

November 07, 2024

[Moneyweb] Pan African Resources’ Barberton mines still delivering after 140 years

CEO Cobus Loots reports higher gold production, with low-cost mines helping manage

November 07, 2024

[News24] 'Fantastic success': Pan African upbeat about new gold from zama zama-plagued Mintails

Pan African Resources says its major tailings retreating project at the zama zama-hit Mintails operations is on track to smelt its first gold next month and already has improved the lives of a community tormented for years by illegal

November 07, 2024

[Mining Weekly] Pan African’s full-year profits rise on higher production, sales and prices

JSE- and Aim-listed Pan African Resources has proposed a dividend of R22 a share for approval at the company's upcoming AGM for the financial year ended June 30, as operational enhancements and optimisation initiatives resulted in a 6.2% year-on-year increase in group gold production to 186 039 oz, in line

November 07, 2024

[Proactive Investors] Pan African profits soar as CEO notches up decade in charge – Proactive Investors

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) boss Cobus Loots said the business is in ‘compelling’ shape as he celebrated ten years in charge of the South African gold

November 07, 2024

[Ghost Mail] Pan African Resources had a strong year (JSE: PAN)

Here's a gold mining group that took advantage of better

November 07, 2024

[Miningmx] Pan African guides to one fifth gold production lift in 2025

PAN African Resources has forecast an increase in gold production of up to 21% as the first fruits of its $135m (R2.4bn) Mintails surface mining project

November 07, 2024

[Business Day] High gold price and better output boost Pan African’s earnings

CEO Cobus Loots highlights the group’s focus on long-term sustainability amid booming gold

November 07, 2024

[IOL] Pan African bumps up gold output by 6%, targeting 225 000 ounces next year

Pan African Resources raised its gold production by 6% to 186 039 ounces in the full year to June 2024, selling its bullion for the period at an average price of $2 021 per ounce or R1.2 million per

August 07, 2024

[Ghost Mail] Pan African Resources made the most of the gold price (JSE: PAN)

At a time of record average prices, group production moved

August 07, 2024

[Mining Weekly] Pan African’s below-$900/oz tailings advance beating budget, conquering clock

The latest tailings retreatment project of Pan African Resources is ahead of schedule and below

August 07, 2024

[Business Day] Pan African reports 6.2% rise in gold output

Pan African Resources has reported a 6.2% rise in gold production for the year ended June and has maintained its 2025 production

August 07, 2024

[MiningMx] Pan African hits 2024 guidance – but it could have been better

PAN African Resources produced 186,039 ounces of gold in its 2024 financial year ended June – 6.2% more than in 2023 owing to a much-improved performance at the Barberton Mines complex in Mpumalanga

August 07, 2024

[Business Day] Pan African proves that size isn’t everything

The gold miner's stock has been rising, thanks to its solid production track

May 28, 2024

[Yahoo Finance] 2 cheap growth stocks to consider in May

Growth stocks are companies tipped to increase earnings at a higher rate than the broader

May 28, 2024

[Rate Web] Pan African Resources PLC Achieves Optimistic Growth Trajectory with Strategic Initiatives and Financial Success

In the dynamic world of finance and mining, Pan African Resources PLC stands out as a beacon of growth and resilience. This article delves into the recent updates and financial outlook of Pan African Resources PLC, highlighting key developments and their impact on the company?s

May 28, 2024

[Tip Ranks] Pan African Resources Boosts Production Outlook

Pan African Resources has updated its production guidance for the financial year ending 30 June 2024, now expecting to achieve 186,000oz to 190,000oz, with maintained guidance for all-in sustaining costs

May 28, 2024

[Alliance News] Pan African Resources predicts "robust" yearly production

Pan African Resources PLC said on Thursday it has lifted the bottom end of its annual production guidance after stopping to process surface material at its mine in Mpumalanga, South

May 28, 2024

[Ghost Mail] Pan African Resources tells a positive story (JSE: PAN)

The impact of higher gold prices on estimated project returns is incredible to

May 28, 2024

[Mining Weekly] Pan African confident of meeting upper end of full-year production guidance

South African gold producer Pan African Resources has revised its full-year production guidance to between 186 000 oz and 190 000 oz, compared with previous guidance of 180 000 oz to 190 000 oz, while maintaining its all-in sustaining cost guidance at between $1 325/oz and $1

May 28, 2024

[Miningmx] Pan African weighs R2bn Mintails extension as gold powers on

PAN African Resources said the improvement in the gold price would result in a doubling in returns for its R2.5bn Mintails project, due to be commissioned in

May 28, 2024

[Proactive Investors] Pan African gold mines all performing well, says broker

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF)‘s trading update suggests 2024 fiscal year production at the upper end of guidance suggests Peel Hunt, with the Evander, Barberton and Elikhulu gold mine operations all performing well in the second

May 28, 2024

[Proactive Investors] - Pan African heading for "excellent" results as gold rise caps resurgent year

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has narrowed its gold production guidance for 2024 with output now expected to be at the upper end of the

May 23, 2024

[Business Day] Pan African on track for ‘excellent’ results

The recent record gold price and solid production numbers are benefiting Pan African

May 23, 2024

[Financial Mail] Can Pan African catch a break?

Pan African Resources has missed the gold rush that?s swept up its peers on the JSE ? but there?s life for it in old

March 28, 2024

[Mining Weekly] Official sod-turning this month at West Rand gold recovery project

JOHANNESBURG (miningweekly.com) ? The official sod-turning ceremony for the construction of the Mogale tailings retreatment project is to take place this

March 28, 2024

[Business Day] Pan African CEO bullish on gold demand and dynamics

The gold market continues to hold up well given an uncertain global environment, which appears increasingly to be a permanent feature. We have seen the gold price above $2,000/oz for some time now with the weak rand to the dollar supporting players like Pan African Resources. Business Day caught up with

March 28, 2024

[Mining Review Africa] Evander mine solar plant: Pioneering sustainability in mining

Pan African Resources’ Evander Mines solar PV project located in Evander, Mpumalanga, built and operated by JUWI Renewables, exemplifies the mining industry’s global shift towards sustainability. RICHARD DOYLE, MD, JUWI Renewables and BARRY NAICKER, Head of Sustainability, Pan African Resources (PAR), tell Mining Review Africa about the project’s standing as

March 28, 2024

[Mining Review Africa] Tailings Retreatment: Mogale heads for year-end start-up

South African gold producer Pan African Resources, listed on London’s AIM and the JSE, is on time and within budget on its US$135 million Mogale Tailings Retreatment (MTR) project at Mintails, which represents a major expansion of its tailings retreatment

March 28, 2024

[Alliance News] Pan African interim profit jumps over 50% as gold price shines

Pan African Resources PLC on Wednesday described its interim performance as "excellent", with its profit and top-line growing, while costs

February 19, 2024

[Proactive Investors] Pan African profits rebound after 'exceptional' surface performance

Pan African Resources more than doubled its cash flow and increased profit by almost 50% in its latest

February 19, 2024

[Mining Review Africa] Pan African Resources: Barberton and Sheba Mines boost production

“The introduction of continuous operations at Barberton Mines’ Fairview and Sheba Mines has made a positive impact on production and further improvements will become evident once optimisation of the underground infrastructure is fully implemented,” comments Cobus Loots, Pan African’s chief executive

February 19, 2024

[News24] Pan African Resources slips as both production and debt climb

Mid-tier gold miner Pan African Resources has increased its net profit by almost half after upping its interim gold production and taking advantage of a buoyant price for the precious

February 19, 2024

[Mining Weekly] Pan African on track to deliver full-year guidance following strong interim period

Gold miner Pan African Resources delivered an “excellent” safety, production and financial performance for the six months ended December 31, 2023, which positions the group well to deliver on its production and cost guidance for the full financial year, CEO Cobus

February 19, 2024

[Business Day] Pan African produces more gold at a higher price

Midtier gold producer Pan African Resources says an increase in production and a rally in the price of gold lifted its profit for the six months to end-December by about

February 19, 2024

[Miningmx] Pan African storms back but investors sit on sidelines

PAN African Resources CEO Cobus Loots rowed back on comments the company could produce more gold than forecast saying on Wednesday current guidance of 180,000 ounces for the 12 months ended June would represent ?an excellent

February 19, 2024

[Mining Weekly] Pan African to post at least 41% growth in interim earnings

Gold miner Pan African Resources has advised shareholders that it expects its headline earnings per share (HEPS) and earnings per share (EPS) for the six months ended December 31 to be between 41% and 51% higher

February 07, 2024

[Proactive Investors] Pan African earnings rebound on higher gold price and sales

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said earnings have rebounded due to higher gold production, a rise in the gold price and a weak South African

February 07, 2024

[Alliance News] Pan African Resources stock up after upbeat interim guidance

Pan African Resources PLC - Rosebank-headquartered gold producer - Expects interim earnings to surge at least 41% due to strong

February 07, 2024

[Business Day] Pan African expects earnings bump

Gold producer records revenue up almost 24% at $193.9m as prices and sales

February 07, 2024

[Ghost Mail] Pan African Resources flags strong rise in earnings

Pan African Resources reported a substantial increase in headline earnings per share and earnings per share in its first half on Friday, to between 2.14 and 2.3 cents per share, up from 1.52 cents per share for the same period in

February 07, 2024

[Ghost Mail] Pan African Resources improved production at the right time (JSE: PAN)

The metrics look good for the six months to December

January 29, 2024

[Sharecast News] Pan African reports increased first-half gold production

Pan African released a production update for the first half of its financial year on Monday, reporting an improved safety performance, increased gold production, and progress on the Mogale Tailings Retreatment (MTR)

January 29, 2024

[Alliance News] Pan African Resources boosts interim production, keeps costs in check

Pan African Resources PLC on Monday described its interim production performance as "excellent" after lifting output and keeping costs under

January 29, 2024

[Business Day] Pan African to consider bump in gold production guidance after ‘excellent’ half-year

The miner benefited from an increase in the gold price and lower-than-expected production

January 29, 2024

[Proactive Investors] Pan African Resources hails safety, production and sustainability advancements

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) outlined numerous advancements in safety performance, production and sustainability initiatives in an operational update for the half year ending 31 December

January 29, 2024

[Mining Weekly] Pan African on track for further output growth

Dual-listed gold miner Pan African Resources increased its production by 6.7% year-on-year to 98 458 oz for the six months ended December

January 29, 2024

[Miningmx] Pan African says may raise 2024 gold output after strong first half

PAN African Resources is half way to staging a strong year-on-year recovery for the 12 months ending June

January 29, 2024

[Alliance News] Pan African Resources flags excellent results as annual guidance rises

Pan African Resources PLC on Wednesday revised up the bottom end of its annual production guidance, as the first-half performance looks set to be better-than-expected in some

January 12, 2024

[Ghost Mail] Pan African Resources is making more gold at just the right time (JSE: PAN)

Pan African Resources has released a production update for the six months ending December. Yes, they’ve gotten the crystal ball out to give production

January 12, 2024

[News24] Business brief | Pan African lifts after upbeat production update, and Pick n Pay's Proteas bet

Gold producer Pan African lifted after flagging a production

January 12, 2024

[Mining Weekly] Progress at Pan Africans’ gold tailings treatment project on West Rand

Excellent progress has reportedly been made with the construction of the R2.5-billion gold tailings retreatment project, west of Johannesburg, on Gauteng's West

January 12, 2024

[Miningmx] Pan African raises confidence in higher end of 2024 gold output

PAN African Resources increased forecast production for its 2024 financial year to between 180,000 to 190,000 ounces following a strong showing in the first six

January 12, 2024

[Business Day] Power cuts cost Pan African 10,000oz of lost gold output

Pan African Resources lost an estimated 10,000oz in gold output in the year to end-June due to unreliable electricity supply, contributing to a fall in overall production levels for the reporting period when rand gold prices were at elevated

September 14, 2023

[Mining Weekly] Pan African proposes dividend, expands renewables, heads beyond 200 000 oz-y

JOHANNESBURG (miningweekly.com) The first 10 MW solar plant at the Evander gold mining operation of Pan African Resources is reducing group all-in sustaining costs (AISC) by more than $10/oz with this number set to increase in coming years as Eskom tariffs continue to escalate, Pan African Resources CEO Cobus Loots

September 14, 2023

[Kitco] Pan African Resources logs profit of $60.7M in FY23, expects higher gold output in FY24

South African gold miner Pan African Resources (AIM: PAF) (JSE: PAN) announced Wednesday that its profit for the financial year ended 30 June 2023 (FY23) was $60.7 million, down 19% compared to FY22 (profit of $75.0

September 14, 2023

[Miningmx] Crunch time for Pan African as new gold projects have to deliver

The coming year is going to be a testing time for Pan African Resources. Management has to keep two major new capital projects under way, one at Mintails and the other at Evander Underground, on schedule and within

September 14, 2023

[Proactive Investors] Pan African Resources production to rebound in current year

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF), the South Africa-based gold miner, said it met its revised production target for the year to June just ended with debt also substantially

September 14, 2023

[Proactive Investors] Pan African Resources expects output to recover after challenging year

For the current year the gold miner is guiding for production of between 178,000 and

September 14, 2023

[Proactive Investors] Pan African Resources starts work on Mintails project after completing funding

Pan African Resources, the South African gold miner, has started construction of its Mintail tailings project after it completed funding and received environmental

September 14, 2023

[Business Day] Pan African Resources dives as power cuts hit gold output forecast

Miner says it will produce up to 25,000 fewer ounces than expected after operational

June 14, 2023

[News24] Pan African crashes more than 20% as it cuts guidance amid Eskom's failures

Shares in mid-tier gold producer Pan African Resources cratered by more than a fifth on Friday morning, after it cut its guidance due to Eskom's failure to guarantee reliable electricity, although it also faced its own

May 30, 2023

[Mining Review Africa] Pan African begins construction of Mintails project

Pan African has announced the imminent commencement of the construction and site clearance activities having begun at its Mintails project. Pan African has provided revised production guidance and an operational update for the financial year ending 30 June

May 30, 2023

[Kitco] Pan African reduces 2023 gold production guidance; expects Mintails plant construction to begin next month

South African gold mining company Pan African Resources (AIM: PAF) today announced its revised production guidance, as well as the imminent commencement of the Mintails project's

May 30, 2023

[Miningmx] Pan African cuts output guidance up to 15% as Eskom outages result in 10,000 oz hit

Pan African Resources could report up to 15% less gold than guided in the 12-months ended June after losing 10,000 ounces to Eskom loadshedding. The group’s underground production also underperformed, it said in an

May 30, 2023

[Mining Weekly] Pan African cuts guidance on loadshedding, slower Barberton ramp-up

Dual-listed Pan African Resources (PAR) has reduced its production guidance to 175 000 oz for the year ended June 30, citing loadshedding and lower-than-expected ramp-up of operations at the Barberton Mines, in

May 30, 2023

[ShareCast] Pan African makes progress on renewable energy developments

Pan African Resources updated on its renewable energy developments on Monday, reporting substantial progress in its efforts towards sustainable energy

May 30, 2023

[Ghost Mail] Some sunshine at Pan African Resources (JSE: PAN)

The mining group is making significant progress on renewable energy

May 30, 2023

[Alliance News] Pan African Resources solar energy plan making significant progress

Pan African Resources said on Monday its solar energy efforts had made significant progress, with the group entering into a power purchase agreement with Sturdee Energy (Pty)

May 19, 2023

[Mining Review Africa] Pan African updates Barberton and Sturdee renewable energy initiatives

Pan African is pleased to update shareholders on developments at the group's 8.75 MWAC Barberton Mines' Fairview solar facility and the conclusion of a PPA with Sturdee Energy comprising a 40 MW wheeled renewable energy

May 19, 2023

[Engineering News] Pan African advances renewables procurement plans

Midtier Africa-focused gold producer Pan African Resources has signed an engineering, procurement and construction (EPC) agreement with renewable energy company Juwi Renewable Energies for an 8.75 MW ac (10.47 MWp) solar photovoltaic (PV) facility at the Barberton Mines' Fairview operation, in

May 19, 2023

[Miningmx] Pan African agrees solar energy supply with proposed 40MW plant in Bela Bela

PAN African Resources announced today it had signed a power purchase agreement for third party supply of renewable energy from a proposed 40MW plant at Bela Bela in South Africa's Limpopo

May 19, 2023

[Mining Weekly] BBE Projects on track to complete major ventilation, refrigeration project at Evander Gold Mine

Bluhm Burton Engineering (BBE) Projects is working on Phase 2 of a turnkey underground refrigeration project at Pan African Resources? Evander Gold Mines No 8 Shaft, which it says will enable the mine to expand its operations and access deeper levels of this high-grade

March 07, 2023

[News24] Pan African interim profits slide on production woes

Pan African Resources, a mid-tier gold producer, reported a plunge in interim profits as production slid and costs climbed. And while the full-year production outlook remains steady, the miner said it is subject to the consistency of Eskom's power

February 22, 2023

[Alliance News] Pan African Resources interim profit slips as Barberton mines weigh

Pan African Resources PLC said on Wednesday that its interim profit declined steeply as it battled against production constraints and rising

February 22, 2023

[Proactive Investors] Pan African expects second-half improvement after Barberton restructuring

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has stuck with its production forecast this year in spite of problems at its Barberton mine in the first

February 22, 2023

[IOL] Pan African Resources posts lower interim profit mainly due to low Barberton Mine output

Pan African Resources said yesterday that the reduced gold production over the past six months could primarily be attributed to the performance of Barberton Mines underground

February 22, 2023

[Mining Weekly] Pan African reconfigures mines to address production slip; focusses on solar PV

JSE- and LSE-listed midtier gold producer Pan African Resources produced 92 307 oz of gold for the six months to December 31, 2022 down 14.6% year-on-year, following the record gold production achieved in the six months to December 31,

February 22, 2023

[Miningmx] Pan African says Mintails can transform West Rand’s abandoned gold district

PAN African Resources thinks its R2.5bn Mintails project, due to kick off in June, can transform social conditions in the west Rand hotspot. ?The social situation is challenging: no jobs and rampant criminality so we hope to change that,? says Cobus Loots, CEO of the gold producer in an interview on

February 22, 2023

[Business Day] Pan African Resources renewable energy plant pays off

Mid-tier gold producer Pan African Resources plans to ramp up spending in large-scale solar photovoltaic renewable energy projects after it saved millions of rand in energy costs at its Mpumalanga

February 22, 2023

[Mining Weekly] Solar saving gold mine $145 000 a month, more renewables on way, says Pan African

JOHANNESBURG (miningweekly.com) The 10 MW solar power plant at Evander is averaging savings of $145 000 a month for the Mpumalanga gold mine, Pan African Resources said on

February 10, 2023

[Kitco News] Pan African Resources reports gold production decline in HY22, maintains full year guidance

South African gold mining company Pan African Resources (AIM: PAF) today reported that its gold production for the six months ended 31 December 2022 (HY22) decreased by 14.6% to 92,307oz (HY21:

February 10, 2023

[Business Day] Pan African Resources saves up to R3m a month with solar plant

The miner plans to install a further 20MW by 2024, for a total of 30MW, which should bring the savings to around R100m a

February 10, 2023

[Proactive Investors] Pan African reiterates full year production guidance after first half disruption

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has maintained its forecast for gold production this year as it expects production at its Barberton and Evander mines in South Africa to pick up in the second

February 10, 2023

[Miningmx] Pan African shuffles cards at Barberton Mines amid below par half-year production

PAN African Resources is to restructure the way it mines at its Barberton Mines in Mpumalanga province which will involve converting to contractor mining and round-the-clock

February 10, 2023

[Finance Ghost] A tale of two gold strategies

Despite extraordinary inflation and a desire for safe-haven assets, gold has had a poor year, with counters deep in the red. Pan African Resources and Gold Fields, however, are delivering positive

October 31, 2022

[Alliance News] Pan African Resources nails Mintails acquisition for ZAR50.0 million

Pan African Resources PLC said on Thursday it had concluded its acquisition of Mogale Gold Pty Ltd and Mintails' SA Soweto Cluster Pty

October 18, 2022

[Business Day] Pan African Resources buys parts of Mintails SA in R50m deal

The deal will see the R7.67bn gold miner take control of Mogale Gold and the Mintails SA Soweto

October 18, 2022

[Mining Weekly] Pan African targets commissioning of newest tailings project in mid-2024

Aim- and JSE-listed Pan African Resources says its acquisition of Mogale Gold and Mintails South Africa Soweto Cluster, near Krugersdorp, in Gauteng, has been finalised for R50-million, or

October 18, 2022

[Miningmx] Pan African asks Govt to play part after confirming gold deal west of Johannesburg

PAN African Resources made a special plea to the South African government to assist it following closure of a deal to buy two large surface gold tailings deposits west of

October 18, 2022

[Moneyweb] Pan African Resources declares bumper dividend

Analysis of updates from Growthpoint and Sibanye-Stillwater, inflation targeting and Pan African Resources

September 21, 2022

[News24] Mintails rehab cheaper than expected, Pan African says ahead of tailings facilities takeover

As Pan African Resources prepares to acquire the abandoned Mintails tailings storage facilities out of liquidation, the company has assessed the environmental liability to be significantly lower than initial estimates by the state and environmental lobby

September 21, 2022

[Kitco News] Pan African Resources reports record gold production in FY22, says net cash from operations up 45%

South African gold mining company Pan African Resources (AIM: PAF) today announced record gold production for the year ended 30 June 2022 (FY22), with production increasing by 1.9% to 205,688oz (FY21:

September 21, 2022

[Alliance News] Pan African Resources hits record annual output as projects progress

(Alliance News) - Pan African Resources PLC said on Wednesday it achieved record annual gold production as the company made progress on growth projects while keeping costs

September 21, 2022

[Business Day] Record gold output beats weak prices to boost Pan African earnings

Higher production in 2022 was due to the stellar performance of its Evander Mines’ underground

September 21, 2022

[Mining Weekly] Pan African effectively building new underground gold mine at Evander

JOHANNESBURG (miningweekly.com) – Midtier Africa-focused gold producer Pan African Resources is effectively building a new internally-funded underground gold mine on two levels of the Evander underground gold mine in Mpumalanga, CEO Cobus Loots said on Wednesday when the company reported record production for the 12 months to June 30 and distributed more than R400-million in

September 21, 2022

[Mining Weekly] Pan African reports record gold production, matches last year’s dividend

JOHANNESBURG (miningweekly.com) – Gold mining company Pan African Resources, which reported record gold production in the 12 months to June 30, describes itself as being positioned for further growth as it moves closer to commissioning organic projects and concludes the Mintails surface gold

September 21, 2022

[Miningmx] Pan African keeps power dry as capex ramps up to R2.8bn over next two years

PAN African Resources kept the full year dividend unchanged despite a robust performance for the 12 months ended June, opting to keep its powder dry ahead of a 40% increase in capital expenditure this year before it nearly doubles again in the

September 21, 2022

[Business Report] Record gold production ups Pan African Resources’ balance sheet

Pan African Resources achieved record annual gold production while strengthening its balance sheet in its year to June,

July 22, 2022

[Mining Review Africa] Pan African achieves record annual gold production

Pan African has provided its gold production figures and a preliminary operational update for the financial year ended 30 June

July 22, 2022

[Business Live] Pan African Resources produces most gold yet

The miner, which has operations in Gauteng and Mpumalanga, expects to maintain its 2022 production levels in

July 22, 2022

[Moneyweb] Great Pan African update, but gold heading lower

Independent analyst Jimmy Moyaha unpacks the updates from Coronation and Pan African Resources. PSG’s Schalk Louw talks the possibility of a repeat of the 2000 Nasdaq meltdown. Simon offers his thoughts on office vacancies which remain at record highs despite employees returning to

July 22, 2022

[MiningWeekly] Pan African achieves full-year production record

Aim- and JSE-listed gold miner Pan African Resources increased its production of gold by 2% in the financial year ended June 30 to a record 205 459 oz, exceeding its most recent upwardly revised production guidance of 200 000

July 22, 2022

[Ghost Mail] PAN AFRICAN RESOURCES: MORE GOLD AND LESS DEBT

Pan African has just wrapped up the financial year ended June 2022. With full reporting only due in September, the group has released an operational update that kicks off with an exciting

July 22, 2022

[Miningmx] Pan African looks for repeat performance in 2023 after registering new output record

PAN African Resources took full year production to a new record just about exceeding last year’s 201,777 ounces with production of 205,459 oz – a 2% year-on-year increase and higher than revised production guidance for the

July 22, 2022

[Mining Review Africa] Evander solar plant: PAR starts its renewable energy transition

Mining is not just about making a profit; it is also about sustainability. And this is what investors and consumers alike are increasingly focused on. This is the view of HETHEN HIRA, head of investor relations at Pan African Resources

July 07, 2022

[MiningWeekly] Good-to-do R2.5bn Mogale Gold project an all-round win-win – Pan African

JOHANNESBURG (miningweekly.com) – If Pan African Resources is able to work with all stakeholders to get the long-life, high-margin, safe and sustainable R2.5-billion Mogale Gold surface tailings project going, it will be to the benefit of its business, local communities and the entire Mogale

July 07, 2022

[Mining Review Africa] Pan African concludes Mogale Gold Definitive Feasibility Study

Pan African has completed a DFS on the Mogale Gold Tailings Storage Facilities (“TSFs”) that forms part of the Mintails Mining SA (Mintails SA) assets, situated near Krugersdorp to the west of Johannesburg, South

July 01, 2022

[Morning Star] Pan African Resources completes feasibility study on Mogale Gold

(Alliance News) - Pan African Resources PLC announced on Thursday it had completed a definitive feasibility study on the Mogale Gold Pty Ltd's tailings storage

July 01, 2022

[Mining Weekly] Pan African study highlights Mogale Gold's fast payback, low costs, output uplift, ungeared return

JOHANNESBURG (miningweekly.com) – Fast payback, low costs, big production uplift, long life, high ungeared return and a lot more is contained in the definitive feasibility study (DFS) on the Mogale Gold tailings storage facilities published by gold mining company Pan African on

July 01, 2022

[Miningmx] Pan African to build R2.5bn Mintails tailings project in bid to bolster mid-tier gold ranking

PAN African Resources said gold production would increase a quarter were it to develop Mintails, a surface gold resource located near Carletonville, west of

July 01, 2022

[Miningmx] Pan African may offer defensive qualities to investors as gold fervour begins to cool

THE Johannesburg Stock Exchange’s gold sector is expected to come under more selling pressure but one share tipped as a defensive option during price correction is Pan African Resources, also listed in

June 28, 2022

[Business Live] Pan African powers up 10MW solar plant in Mpumalanga

SA miners are putting in place plans to cut emissions and provide stable power as Eskom

June 09, 2022

[Mining Weekly] African miners aggressively pursuing decarbonisation

Mining companies are aggressively pursuing decarbonisation at their operations, with a myriad of different strategies, and varying timelines across the spectrum of miners, but with the same end-goal of reducing carbon emissions and ultimately achieving

June 09, 2022

[Business Live] New self-generation threshold sparks corporate interest

Energy regulator says it has received more than 10 inquiries from companies seeking to produce their own power and end or reduce their dependence on

June 09, 2022

[Business Live] Pan African Resources achieves record profit despite weaker gold price

A solid performance by the miner’s Evander underground mine in Mpumalanga helped increase gold

June 09, 2022

[Business Live] Pan African shares rise as gold miner embarks on R50m buyback

Group says buyback represents less than 0.5% of what it has in issue but is a sign it will use this tool to unlock value for

June 09, 2022

[Business Live] Pan African Resources reports record interim production as Evander shines

Gold production was up 9.9% in the miner’s half-year to end-December amid a stellar performance from its Evander

June 09, 2022

[Mining Review Africa] Pan African achieves record production in 6 month reporting period

“Pan African has again delivered an excellent operational performance, achieving record gold production more than 108,000 oz for the current reporting period,” comments Pan African CEO Cobus

June 07, 2022

[Mining Weekly] Pan African achieves record interim gold production

JSE-listed Pan African Resources achieved record gold production in excess of 108 000 oz for the six months ended December 31, exceeding its previous expectations of producing 105 000 oz of

June 07, 2022

[Alliance News] Pan African Resources strikes new first-half gold production record

Pan African Resources PLC achieved record gold production in the first half, prompting the company to raise full-year

June 07, 2022

[Business Day] Pan African Resources reports record interim production as Evander shines

Gold production was up 9.9% in the miner’s half-year to end-December amid a stellar performance from its Evander

June 07, 2022

[Miningmx] Pan African nudges up gold output forecast as Evander comes to party in first half

PAN African Resources has nudged up its full year gold production guidance to 200,000 ounces, a record for the mining and tailings treatment

June 07, 2022

[Mining Weekly] Pan African produces a record 108 085 oz of gold, exceeding its interim guidance

Aim- and JSE-listed midtier gold producer Pan African Resources exceeded its guidance for the financial half-year ended December 31, 2021 with record production of 108 085 oz – an increase of 9.9% on production in the comparable period of

June 07, 2022

[Miningmx] Pan African says it’s weighing surface gold projects with potential to double production

TWO gold retreatment projects currently under consideration could boost Pan African Resources’ (Pan African’s) current production by 50% if they are approved, said the company’s CEO Cobus Loots

June 07, 2022

[Mining Weekly] Pan African’s tailings retreatment acquisition strategy compelling, says S2 Research

Market researcher S2 Research supports JSE-listed Pan African Resources’ acquisition strategy in the tailings retreatment sector, saying it is value-enhancing and strategically beneficial to

June 07, 2022

[Mining Weekly] Solar plant to be commissioned by May

The first photovoltaic (PV) solar plant to be completed and commissioned by a mining company in South Africa is on track to produce 100% steady-state power generation by May, says midtier gold producer Pan African Resources investor relations head Hethen

June 07, 2022

[Mining Review Africa] Pan African Resources initiates exploration programme Sudan

Pan African has secured five prospecting concessions in north-eastern Sudan covering an area of almost 1,100 km2 and located approximately 70 km northwest of Port

June 07, 2022

[Mining Weekly] Pan African broadens its reach to explore for gold in Sudan

Aim- and JSE-listed Pan African Resources has secured five three-year exploration licences in north-east Sudan, covering an area of almost 1 100

June 07, 2022

[Proactive Investors] Pan African Resources secures sizeable gold exploration block in Sudan

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has secured five prospecting concessions in north-eastern

June 07, 2022

[Miningmx] Pan African unveils step out in strategy with $7m gold exploration budget for Sudan

PAN African Resources has embarked on a major step out of strategy by announcing plans to dig for gold in Sudan in northeast

June 07, 2022

[IOL] Pan African Resources commissions solar panel facility at Evander Gold Mines

PAN African Resources said yesterday it had successfully commissioned a 10 megawatt solar photovoltaic (PV) plant at Evander Gold Mines, the first solar PV renewable energy plant of this capacity to be commissioned by a mining company in South

June 03, 2022

[Mining Weekly] Pan African announces high-grade drilling results at Barberton Mines

Gold miner Pan African Resources has announced that exploratory drilling into the down-dip extention of the orebodies at its Barberton Mines, in Mpumalanga, has yielded successful and significant high-grade drilling results, with visible gold in several drill intersections and development

June 03, 2022

[Mining Weekly] Pan African successfully commissions 10 MW solar PV plant at Evander

Gold miner Pan African Resources says the 10 MW solar photovoltaic (PV) plant at its Evander gold mine started supplying electricity to the group’s Elikhulu surface retreatment operations, as part of its hot commissioning process, on May

June 03, 2022

[The Finance Ghost] Pan African Resources: A ray of sunshine

PAN African Resources, the South African gold producer, said it had completed the first phase of its buy-back programmePan African Resources has successfully commissioned the first solar photovoltaic (PV) plant of 10MW capacity in the local mining industry. The project is found at Evander Gold Mines and will power 30% of

June 03, 2022

[Miningmx] Pan African concludes R50m share buy-back, commissions R150m solar plant

PAN African Resources, the South African gold producer, said it had completed the first phase of its buy-back programme at a cost of

June 03, 2022

[Morning Star] IN BRIEF: Pan African Resources to buy up to ZAR50 million own shares

Pan African Resources PLC - Rosebank-based gold producer - Plans to start phase one of a share buyback programme to the tune of ZAR50 million, or about GBP2.6 million, over one month from April 1. It says its shares offer significant value given the quality and profitability of its existing

May 09, 2022

[Mining Review Africa] Pan African Resources initiates share buyback programme

Pan African, the South African gold producer, has announced the initiation of phase one of a share buyback programme to purchase up to ZAR 50 million of ordinary shares of £0.01 each in the Company over one month, commencing on 1 April

May 09, 2022

[Mining Weekly] Pan African launches R50m share buyback programme

South African gold producer Pan African Resources has started a programme to buy back up to R50-million, or about £2.6-million, of shares in the

May 09, 2022

[Miningmx] Pan African unveils latest shy at value unlock with R50m in share buy-backs

PAN African Resources, the Johannesburg- and London-listed gold producer, is to buy back R50m worth of shares (£2.6m) despite the share having made substantial gains in the last

April 21, 2022

New self-generation threshold sparks corporate interest

Load-shedding and global pressure to cut carbon emissions are prompting commerce and industry in SA to dump Eskom for self-generated renewable energy, or electricity bought from IPPs/Energy regulator says it has received more than 10 inquiries from companies seeking to produce their own power and end or reduce their dependence

April 05, 2022

Pan African tailings retreatment acquisition strategy compelling, says S2 Research

Market researcher S2 Research supports JSE-listed Pan African Resources acquisition strategy in the tailings retreatment sector, saying it is value-enhancing and strategically beneficial to shareholders.Pan African has two tailings retreatment asset acquisitions under option, Mintails Mining SA and Blyvoor Gold.S2 Research says the Mintails and Blyvoor assets could increase Pan African’s total gold reserve ounces

April 05, 2022

Solar plant to be commissioned by May

The first photovoltaic (PV) solar plant to be completed and commissioned by a mining company in South Africa is on track to produce 100% steady-state power generation by May, says midtier gold producer Pan African Resources investor relations head Hethen Hira.The PV plant is being built by Pan African Resources at

April 05, 2022

Pan African Resources initiates gold exploration programme in Sudan

Pan African is pleased to advise shareholders that the Group has secured five prospecting concessions (or exploration licences) in north-eastern Sudan (the Block 12 concessions), covering an area of almost 1,100km2 and located approximately 70km northwest of Port Sudan. The Group was awarded the licences by Sudan’s Ministry of Minerals

April 04, 2022

Progress Report: Five Exciting ESG Milestones in 2021

In continuing our long-term journey towards a progressive, ambitious ESG strategy, 2021 is already shaping up to be another important year of milestones for Pan African.From exciting, disruptive shifts in our energy portfolio to our ongoing delivery of community service facilities such as schools and clinics, we make considerable progress

January 24, 2022