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Pin to quick picksPan African Resources Media (PAF)

Share Price Information for Pan African Resources (PAF)

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Share Price: 27.55
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Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders

Cobus Loots, CEO of Pan African Resources (LON:PAF; JSE:PAF) the dual listed African-centric, mid-tier gold producer, discusses how he intends to ramp production 20-30% this financial year whilst maintaining sector-leading shareholder returns.

Cobus also discusses plans to expand the portfolio, funded from cashflow from the current flagship tailings retreatment plant Elikhulu at the long-established Evander Mines, which despite being mined since the 1950’s, still remains one of the World's largest unexploited gold ore discoveries.

β€œThe great thing for us is that we have a strong balance sheet and that's obviously despite the fact that we are commissioning and building these really large projects and we are paying a sector-leading dividend to our shareholders and have done so for many years.

"Given the current gold price, I think it's fair to say that we're generating more cash than what we had expected or anticipated." commented Cobus Loots, CEO.

In this interview with focusIR, investors will also learn:

- Why South Africa is (currently) providing the best value accretion for shareholders

- How the Company will achieve 20-30% growth this financial year

- How the Company can extend the life of mine (Evander) beyond 2038

- How positive cashflow will fund the growth projects

- How the Company intends to maintain its sector-leading dividend yield

- Why the Company would consider a share buyback to complement its progressive dividend policy

- How Pan African keeps the community at the heart of the corporate strategy

- What Cobus thinks about the current gold price

Related Pan African Resources Media

Share Views - Episode 2 - Gold Special

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