Why Invest in Pan African Resources?
Pan African Resources (OTCQX: PAFRY/PAFRF) has increased its gold production volumes while concurrently reducing all-in-sustaining costs. This feat underscores its capital-efficient and peak management of mines in Africa. Rich reserves in gold enhance the mines’ appeal, offering investment opportunities in Africa itself and excellent returns on this investment.
Quality assets & robust production profile
As some of the most adept gold headsmen in Africa, PAR has an increasing production portfolio, producing +200,000 oz. per year and with All in Sustaining Costs at US$ 1 284/oz.
Industry-leading dividend yields
In 2022, we further solidified our track record of outstanding gold dividends, achieving a remarkable 25.9% on shareholder return funds. Additionally, our balance sheet stayed strong, with a substantial reduction of 57% in net debt to a mere US$ 28m.
Long-term mining runway
A compelling future of gold mining in South Africa is supported by our multiple long-life assets boasting a mine life of over 20 years based on current reserves. We have successfully expanded our production capacity through recent acquisitions of surface tailings and proceeding exploration efforts in new sites.
ESG, beyond compliance
Our mining company has taken the lead in South Africa by successfully commissioning a state-of-the-art 10 MW solar renewable energy plant. This remarkable feat signifies our ongoing commitment to sustainable mining, underscored by our dedication to environmental preservation, the advantages of solar energy, and community well-being.
Established mining jurisdiction
PAR possesses a skilled management team, technical expertise, and well-established mining infrastructure to propel its achievements, coupled with a top-tier safety record in the industry.
Track record of delivery
From new reprocessing and infrastructure facilities to underground development, we have a proven reputation for being timely and budget-conscious when it comes to initiating new operations.
Operational Highlights FY22
Investor Information
Investor calendar
Key dates in the Pan African calendar to diarise:
| Annual general meeting | 24 November 2022 |
|---|---|
| Interim results announcement | TBA |
Latest releases
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).
JSE
LSE
join us on our journey of growth
Critical thinking is paramount within our growth policy and business management. Our plan further allows us to manage the capital used or affected by our activities and provides long-lasting value in ensuring that gold mining stocks are a good investment. We ensure that this plan is provided over one year, up to three years, or for more than three years.
Included in our clientele are participants in the gold bullion export market, as well as the Rand Refinery, Exchange Traded Funds (ETFs) in Gold, Krugerrands manufacturers and gold jewelry.
Operations
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.
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.
Barberton Mines
Accessing the legendary high-grade orebodies at Barberton, the Fairview, Royal Sheba and Consort Mines produced 75 000 oz. in FY22.
Evander Mines
One of southern Africa’s lowest-cost underground mines, producing 48 850 oz. in FY22.
Mintails
A new, high-quality tailings acquisition that will increase the Group’s production profile by 50 000 oz./annum.
Block 12, Sudan
A +/- 1 100 km2 area in the Nakasib Suture Zone (NSZ) has yielded promising samples of avg. 13.6 g/t.
ESG & Sustainability
We use high-end technology, innovation and sustainable energy projects to limit our footprint on carbon emissions while lessening our dependence on natural resources.
As part of our environmental goals to address climate change, preserve biodiversity, and promote a circular economy, we successfully launched our 10 MW solar PV plant in 2022. Producing renewable energy sources is integral to our sustainability goals of resisting climate change.
Our dedication to responsible stewardship, continual community investments, and unwavering commitment to excellence in governance and safety is integral to our business ethos.
EXPLORE:
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
