Pan African Resources Share News (PAF)

Pan African Resources hits record annual output as projects progress

(Alliance News) - Pan African Resources PLC said on Wednesday it achieved record annual gold production as the company made progress on growth projects while keeping costs contained.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Pan African Resources extends deadline for acquisition

Pan African Resources PLC - Rosebank-headquartered gold producer - Extends the deadline for the fulfilment of the remaining conditions for the acquisition of Mogale Gold Pty Ltd and Mintails' SA Soweto Cluster Pty Ltd to September 30. Explains that it will give the company enough time to conclude the final aspects of its due diligence investigation.

LONDON BROKER RATINGS: JPMorgan downgrades Admiral and Direct Line

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Pan African Resources strikes annual gold production record

(Alliance News) - Pan African Resources PLC said on Thursday it hit annual gold production record as organic growth projects made "meaningful progress".

LONDON BROKER RATINGS: Berenberg cuts Rio Tinto and BofA lowers Anto

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Berenberg slightly raises target price on Pan African Resources

(Sharecast News) - Analysts at Berenberg slightly raised their target price on precious metals group Pan African Resources from 28.0p to 33.0p on Thursday following "positive" results from a definitive feasibility study on the Mogale part of its Mintails project in South Africa.

LONDON BROKER RATINGS: Downgrades for Intertek and National Grid

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Pan African Resources completes feasibility study on Mogale Gold

(Alliance News) - Pan African Resources PLC announced on Thursday it had completed a definitive feasibility study on the Mogale Gold Pty Ltd's tailings storage facilities.

IN BRIEF: Pan African Resources finishes first phase of share buyback

Pan African Resources PLC - Rosebank-headquarted gold producer - Completes the first phase of its share buyback plan that was announced on April 1, acquiring 11.8 million of its own shares for ZAR50.3 million, or about GBP2.6 million. The company now has 2.22 billion shares in issue.

IN BRIEF: Pan African Resources switches 10-megawatt solar plant on

Pan African Resources PLC - Rosebank-headquarted gold producer - Announces its 10-megawatt solar plant has started generating electricity at subsidiary Evander Gold Mines Ltd as part of the commissioning process. The solar plant will provide an estimated 30% of the power requirement at Evander's Elikhulu tailings retreatment plant and materially reduce electricity costs. The ZAR150-million solar plant is the first of this capacity to be commissioned by a miner in South Africa.

IN BRIEF: Pan African Resources says Barberton exploration successful

Pan African Resources PLC - Rosebank-based gold producer - Says its exploration efforts have been successful, finding high-grade orebodies on the down-dip extensions at its Barberton gold mines in Mpumalanga. It says exploration results will inform and enhance its mineral resource and reserve estimates, which will be presented in September. In 2021, Barberton mines produced 84,819 ounces of gold, up from from 68,129 ounces in 2020.

Pan African Resources pleased with latest drilling at Barberton

(Sharecast News) - Pan African Resources announced the completion of its underground drilling programme at Barberton Mines on Friday, with 68 underground diamond core boreholes drilled, and around 7,000 metres of drilling.

LONDON BROKER RATINGS: Berenberg cuts Polymetal and raises Hochschild

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Pan African launches one-month share buyback

(Sharecast News) - South African gold producer Pan African Resources began the first phase of a share buyback programme on Friday, to purchase up to ZAR 50m (£2.6m) of shares back over one month.