Investors

Why Invest in Pan African Resources?

Pan African Resources has succeeded in maintaining its gold production levels while simultaneously lowering all-in-sustaining costs (AISC) for improved operating margins. For investors, this means a capital-efficient, optimally run portfolio of African mines geared for exceptional investment returns.

37.59% 5-Year Increase In jse Share Price
Our Material Matters

Quality assets & robust production profile

Pan African Resources has succeeded in maintaining its gold production levels while simultaneously lowering all-in-sustaining costs (AISC) for improved operating margins. For investors, this means a capital-efficient, optimally run portfolio of African mines geared for exceptional investment returns.

Industry-leading dividend yields

In 2022, we built on our reputation for excellent dividend yields with a 25.9% return on shareholder funds, and a robust balance sheet (net debt down 57% to US$ 28m). In FY2022, we built on our track record for excellent dividend yields with a 25.9% return on shareholder funds, and a robust balance sheet (net debt down 57% to US$ 28m).

Long-term mining runway

Excellent mining runway through multiple, long-life assets with mine life of +20 years with current reserves, with new surface tailings acquisitions in production and new sites explored.

ESG, beyond compliance

We were the first mining company in South Africa to commission a 10 MW solar renewable energy plant. Just the latest milestone in our pioneering sustainable environmental and community programmes. We also commissioned a water recycling plant so that we can use underground water for our operations, and not purchasing expensive water from the municipality.

Established mining jurisdiction

PAR has an experienced management team, technical skills and mining infrastructure in place to drive success, plus an industry-leading safety record. Our mining tenure in South Africa is secure, with mining rights expiring in 2038 at Evander Mines and in 2051 at Barberton Mines. The Mintails acquisition was permitted within 2 years, including community consultations and envIronmental authorisations.

Track record of delivery

From new retreatment and infrastructure plants to underground expansions, we have a proven record of bringing new operations online on-time and in-budget.

Operational Highlights FY23

175.209% Record Gold Production (OZ.)
1.327 Group AISC (US$)
100.100 Net Cash From Operations (US$)
6.800 Fatality-Free Shifts
10 MW/Month Solar Energy
112.700 In Capital Investments (US$)

Investor Information

Investor calendar

Key dates in the Pan African calendar to diarise:

Annual general meeting 23 November 2023
Interim results announcement 14 February 2024
Financial year-end 30 June 2024
Results announcement 11 September 2024

Latest releases

Quick Links

Share Price

Pan African is an African-focused mid-tier gold producer, dual primary listed on the AIM of the LSE (ticker: PAF) and the main board of the JSE (ticker: PAN) as well as the A2X Market (A2X). Our shares trade on the OTCQX Best Market (OTCQX) in the United States of America (USA) through a Level 1 American Depository Receipt (ADR) programme (ticker: PAFRY), sponsored by the Bank of New York Mellon, and ordinary shares (ticker: PAFRF).

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Join Us On Our Journey Of Growth

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.

An image of one of the mines for the investors page to join us

Operations

An image of the Elikhulu mine

Elikhulu Tailings Retreatment Plant

Processes 1.2 Mtpm of historic tailings to produce up to 60 000 oz./year at an ultra-low AISC of US$ 1 003/oz.
An image of the Barberton Tailing mines

Barberton Tailings Retreatment Plant

Produced 19 560 oz. in FY 2022 at AISC of just US$ 891, with plans to increase bulk feed and LOM.
An image of the Barberton mines up close

Barberton Mines

Accessing the legendary high-grade orebodies at Barberton, the Fairview, Royal Sheba and Consort Mines produced 75 000 oz. in FY22.
An image of the Evander mines in the morning with the sunrise

Evander Mines

One of southern Africa’s lowest-cost underground mines, producing 48 850 oz. in FY22.
An image of mintails

Mintails

A new, high-quality tailings acquisition that will increase the Group’s production profile by 50 000 oz./annum.
An image of Sudan

Block 12, Sudan

A +/- 1 100 km2 area in the Nakasib Suture Zone (NSZ) has yielded promising samples of avg. 13.6 g/t.

Explore

Our ESG Strategy

Sustainable Mining

ESG & Sustainability

We are using innovation and technology to reduce our reliance on natural resources in a sustainable manner and to limit our carbon footprint through renewable energy projects

In 2022, we commissioned our 10 MW solar PV plant. Producing clean power is central to our environmental objectives of combatting climate change, protecting our biodiversity, and creating a circular economy across the value chain.

Responsible stewardship; ongoing investments in our communities; and a commitment to good governance and the highest levels of safety is just the way we do business.

Our Strategic Pillars

Through our strategic pillars we manage and address risks and opportunities, material matters faced by Pan African over the short-, medium- and long-term, key stakeholder concerns and execute on value-creating growth projects to achieve our strategy.

Profitability

Sustainability

Stakeholders

Growth