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

Published: 08:02 15 Sep 2021 EDT

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.

Pan African Resources on track to meet full-year guidance after strong first...

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) CEO Cobus Loots takes Proactive's Stephen Gunnion through the company's interim results to 31 December 2023. The mining firm experienced a significant uptick in performance, driven by increased production and a favourable...

on 02/14/2024