‘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.

Performance FY22

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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