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Pan African reports on pleasing performance as gold production is boosted

Cobus Loots, chief executive of Pan African Resources plc (LON:PAF), tells Proactive London's Andrew Scott they've boosted gold production by more than 51% in the nine months to March helped by an 11% rise at the Barberton Mines complex.

Pan African produced just shy of 123,800oz of gold in the nine months, out of which almost 73,000oz came from Barberton, 21,000oz from Evander and 30,000oz from the Elikhulu tailings retreatment plant.

Quick facts: Pan African Resources plc

Price: 10.0192 GBX

AIM:PAF
Market: AIM
Market Cap: £193.2 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