‘The Big One’ in Zulu – Elikhulu, Pan African’s flagship operation exceeded expectations by being built within budget, commissioned ahead of schedule and reaching steady state production within two years at an AISC of US$614/oz.

The plant processes 1.2Mt of historic tailings per month from the three existing slimes dams at Kinross, Leslie/Bracken and Winkelhaak. Tailings reprocessing will result in the residues being re-deposed to a single tailings storage facility site, which will reduce our ecological footprint.

This operation consists of a technologically advanced, automated plant with a minimal labour requirement. Elikhulu is testament to our team’s ability to conceptualise, plan and complete substantial growth projects ahead of time and within budget.

Operational and Performance Review 2022

Performance FY22

Operational & Performance review 2022
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Performance By Operation

Tailings Operations – Elikhulu

  • Production increased by 1.5% to 52,220 0z (FY21: 51,495oz)
  • AISC of US$1,003/0z (FY21: US$846/0z)
  • 11 Year LOM
  • 9.9MW solar photovoltaic renewable energy plant commissioned in May 2022 ensures a reliable power supply and reduces electricity costs
  • Adjusted EBITDA generated: ZAR891m (US$58,5m) (FY21: ZAR786m; US$51.0m)
  • Leslie Bracken re-mining pump station and related infrastructure construction complete
    • To be commissioned in September 2022 to supplement production
    • Approximately 6km of piping installed