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viewPan African Resources PLC
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AIM:PAFOTCQX:PAFRYJSE:PANFRA:RTZOTCQX:PAFRF
)

Pan African Resources doubles production, reporting record profit with a proposal to raise dividend

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) chief executive Cobus Loots joins Proactive London after reporting record profit due to higher gold production. 

The miner produced a total of 201,777 ounces of gold in the twelve months ended June 30, up 12.4% and posted a net profit after tax of US$74.7mln, a company record. 

Earnings per share grew 68.3% to 3.87 American cents and operating profit was up 36% to US$128mln. 

And the company lifted its final dividend 28.5%, to a total pay-out of US$28.3mln.

Quick facts: Pan African Resources PLC

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AIM:PAF

Price: 16.6 GBX

Market Cap: £320.1 m

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Pan African Resources 'very pleased' after reporting a 12.3% increase in...

Pan African Resources PLC's (LON:PAF) Cobus Loots talks to Proactive London after reporting a 12.3% increase in gold production to 201,608 ounces for the year to end June 2021.  This performance was boosted by their underground operations at its Barberton and Evander mines in South...

on 07/13/2021

2 min read