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New Pan African Resources chief anticipating substantial increase in production

Cobus Loots, who was recently promoted to chief executive of Pan African Resources (LON:PAF) from finance chief, explains why investors should expect to see a substantial increase in gold production from its Evander mine in South Africa this year.

Pan African’s new CEO says he is looking forward to ‘a great year ahead’ despite a tough climate for gold miners globally. Loots adds that why the gold price is important to the company, the focus is on aspects of the business that it can control


Quick facts: Pan African Resources plc

Price: 20.5 GBX

Market: AIM
Market Cap: £395.31 m

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Pan African CEO sees silver lining in South Africa

Cobus Loots, chief executive of Pan African Resources (LON:PAF), expects a much improved performance from the gold miner after a tough year. Problems at both its Evander and Barberton complexes, not to mention the weaker gold price, impacted the South African-based metal miner’s...

on 09/24/2015

2 min read