Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPan African Resources Share News (PAF)

Share Price Information for Pan African Resources (PAF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 24.80
Bid: 24.70
Ask: 24.80
Change: 0.15 (0.61%)
Spread: 0.10 (0.405%)
Open: 25.40
High: 25.40
Low: 24.30
Prev. Close: 24.65
PAF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Pan African Resources On Track To Hit Guidance As Production Climbs

Fri, 22nd Jan 2021 10:49

(Alliance News) - Pan African Resources PLC on Friday said it is on track to meet its yearly guidance following a good performance in the first half of its financial year.

The African-focused gold producer said for the six months ended December 31, gold production increased by 5.9% to 98,856 ounces from 92,941 ounces a year prior.

Pan African Resources is on track to deliver its full year production guidance of around 190,000 ounces.

Environmental & social governance projects, including the 10 megawatt renewable energy solar photovoltaic plant at Evander mines, near Secunda, and large-scale agriculture projects in Barberton Mines on the border of Eswatini, are on track for commissioning in the third quarter, the company said.

Net debt was reduced by 47% to USD65.2 million from USD123.7 million a year prior, this was partly due to the strengthening of the rand relative to the US dollar at a closing rate of USD/ZAR14.70 compared to USD/ZAR17.33 as at 30 June last year.

Pan African Resources shares were up 0.4% at ZAR5.00 each in Johannesburg on Friday, and were 1.8% lower at 24.06 in London.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
16 Sep 2015 15:05

Earnings, Trading Statements Calendar - Week Ahead

Read more
16 Sep 2015 09:45

Pan African Resources Full-Year Pretax Profit Falls By More Than Half

Read more
16 Sep 2015 08:57

Pan African Resources trims dividend as revenue plunges

(ShareCast News) - Gold miner Pan African Resources posted a decline in annual revenue and earnings and trimmed its dividend but said it remained confident business will improve in the current financial year. In the 12 months to the end of June, the London-listed company saw its headline earnings sl

Read more
15 Sep 2015 15:12

Pan African Resources Says Resource, Reserve Reports Published

Read more
6 Jul 2015 08:38

BROKER RATINGS SUMMARY: Barclays Raises Most Housebuilders

Read more
9 Jun 2015 11:30

UPDATE: Pan African Resources Clarifies Shanduka Stake After Merger (ALLISS)

Read more
9 Jun 2015 10:40

Pan African Resources Clarifies Shareholding After Shanduka Merger

Read more
9 Jun 2015 10:25

Pan African reveals Shankduka-Pembani merger will result in sale of stake

Pan African Resources shares declined after shareholders learned the 23.86% stake held by Shanduka will be bought by the Mabindu Trust, an investment vehicle of the China Investment Corporation and the Standard Bank of South Africa. The transaction is the result of Shanduku's agreement with Pembani

Read more
8 Jun 2015 16:25

Pan African Resources To Buy Uitkomst Collier Amid Lower Earnings Expectation

Read more
22 Apr 2015 08:34

BROKER RATINGS SUMMARY: Jefferies Cuts Hargreaves Lansdown To Hold

Read more
26 Feb 2015 12:00

Pan African Edges Up Dividend Despite Profit Falling By Almost 70%

Read more
20 Feb 2015 09:06

Pan African Resources Appoints New Finance Director

Read more
12 Feb 2015 09:18

Pan African Resources Sees First Gold At Evander Retreatment Plant

Read more
5 Feb 2015 10:37

Pan African Resources Says Loots To Replace Holding As Chief Executive

Read more
12 Jan 2015 12:31

Pan African Warns Half Year Earnings Hit By Exchange Rates

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.