Gold miner Pan African Resources (PAF) blamed low-grade gold ore and a one-off gain on an acquisition last year for a profit warning. PAF said 2014 full year earnings per share (EPS) in both South African rand and sterling would be more than a fifth lower than the EPS for the year to 30 June 2013.
Read moreLONDON (Alliance News) - Pan African Resources PLC Friday said it has approved the start of construction of the Evander Tailings Retreatment Project in South Africa. The African-focused precious metals and mining company said the project comprises a total mineral resource of 597,000 ounces
Read moreThe FTSE 350 mining sector, which fell nearly four per cent last week on the back of uncertainties surrounding Ukraine and fears of a slowdown in China, recovered strongly on Monday with Glencore Xstrata among the best performers in London. Glencore Xstrata was trading 3.3% higher at 306.8p this af
Read moreCanaccord Genuity has highlighted key stocks to buy in the gold mining sector as it lifted its forecasts for the price of the precious metal over the medium term. The broker explained that UK-listed gold producers on average have mildly outperformed the gold price since the start of 2014. However,
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