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News
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27 Jan 2017 1 min read
Pan African Resources H2 2016 EPS to be 45% – 65% higher than H1 2016
Pan African Resources (PAF:AIM) The company issued a trading statement today as their financial results will differ by at least 20% from those of the previous corresponding period. The company estimates that EPS for H2 2016 will be 0.87p to 0.99p which is 45% to 65% higher then the 0.60p EPS for the prior reporting […]
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05 Dec 2016 2 min read
Pan African Resources positive DFS and production update
Pan African Resources (PAF:AIM) The company is planning to move forward with production for its Elikhulu Tailings project, as Definitive Feasibility results surpass expectations of previous technical and financial assessments. Construction will commence on finalisation of a project financing package. Rand Merchant Bank has provided a five-year R1bn debt facility for the funding of the […]
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31 Mar 2016 1 min read
Gold bullion is rising and shares in gold miners have powered ahead too. Are mining stocks the shining investment of 2016?
http://www.cityam.com/237716/gold-bullion-is-rising-and-shares-in-gold-miners-have-powered-ahead-too-are-mining-stocks-the-shining-investment-of-2016 Gold bullion is rising and shares in gold miners have powered ahead too. Are mining stocks the shining investment of 2016? Gold bullion has been among the best-performing investments so far this year, as prices rose 18 per cent from the start of January up to mid-March. Since gold’s low of $1,050 an ounce in […]
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23 Feb 2016 1 min read
Pan African Resources’ interim earnings increase by 98%
Pan African Resources, which mines gold in South Africa, increased interim earnings in 2015 by 98% over 2014, to £10.9 million (GBP0.60 per share). Revenue increased by 11% to £75.6 million on the back of gold sales of 101.8 koz (up 17%) and a 11.7% increase in the gold price received, as a fall of […]
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27 Aug 2015 1 min read
Part of Pan African’s Phoenix platinum feed supply in jeopardy
Pan African Resources has cautioned that one of the business partners of its Phoenix Platinum Mining subsidiary has entered into ‘Business Rescue’ in South Africa. Business Rescue is a statutory means of enabling a financially distressed company to continue business, under the supervision of a Business Rescue Practitioner, protected from its creditors. The company in […]
