Pan African Resources Share News (PAF)

IN BRIEF: Pan African Resources inks five-year wage deal at Barberton

Pan African Resources PLC - Rosebank-headquartered gold producer - Signs a "milestone" five-year wage agreement with the National Union of Mineworkers at its Barberton Mines operations in Mpumalanga. The wage settlement amounts to an average yearly hike of about 5.3% per annum over five years. Increases take effect from June 1, 2024 to June 30, 2029. Says the current five-year wage agreement with UASA, entered into in 2021, is valid until June 30, 2026.

UK shareholder meetings calendar - next 7 days

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Pan African Resources predicts "robust" yearly production

(Alliance News) - Pan African Resources PLC said on Thursday it has lifted the bottom end of its annual production guidance after stopping to process surface material at its mine in Mpumalanga, South Africa.

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

Pan African posts jump in first-half earnings

(Sharecast News) - Pan African Resources reported a significant increase in net cash from operating activities in its interim results on Wednesday, soaring 134.5% to $27.2m year-on-year.

Pan African interim profit jumps over 50% as gold price shines

(Alliance News) - Pan African Resources PLC on Wednesday described its interim performance as "excellent", with its profit and top-line growing, while costs ebbed.

UK earnings, trading statements calendar - next 7 days

Pan African Resources flags strong rise in earnings

(Sharecast News) - Pan African Resources reported a substantial increase in headline earnings per share and earnings per share in its first half on Friday, to between 2.14 and 2.3 cents per share, up from 1.52 cents per share for the same period in 2022.

IN BRIEF: Pan African Resources stock up after upbeat interim guidance

Pan African Resources PLC - Rosebank-headquartered gold producer - Expects interim earnings to surge at least 41% due to strong revenue. Guides for a sharp rise in earnings per share and headline EPS to a range of between 2.14 US cents and 2.30 cents for the first six months that ended December 31, from 1.52 cents a year earlier. This amounts to an increase of between 41% and 51%. Says these likely robust earnings are largely attributed to a 24% jump in revenue to USD193.9 million from USD156.5 million in the first half. Over this period, gold sold volumes rose 8.9% to 98,458 ounces from 90,439 ounces, and the average gold price climbed 14% to USD1,961 an ounce from USD1,725 an ounce.

Pan African Resources boosts interim production, keeps costs in check

(Alliance News) - Pan African Resources PLC on Monday described its interim production performance as "excellent" after lifting output and keeping costs under control.

Pan African reports increased first-half gold production

(Sharecast News) - Pan African released a production update for the first half of its financial year on Monday, reporting an improved safety performance, increased gold production, and progress on the Mogale Tailings Retreatment (MTR) Project.

UK dividends calendar - next 7 days

Berenberg highlights gold mining picks as prices hit record

(Sharecast News) - With bullion prices rising to a record $2,100 an ounce this week, broker Berenberg has highlighted its top 'buys' across the UK-listed gold mining sector.

IN BRIEF: Pan African Resources to consult shareholders after dissent

Pan African Resources PLC - Rosebank-headquartered gold producer - Just under 44% of shareholders at Pan African's annual general meeting on Thursday reject the resolution for disapplication of pre-emption rights and general authority to issue shares for cash, meaning this motion fails. All other resolutions are passed. Pan African will consult with dissenting shareholders, including those who voted against four other motions. According to UK corporate governance code, when 20% or more of the votes have been cast against a resolution, a company is required to engage shareholders. Says 27% voted against an increase of the limit for ordinary aggregate fees payable to the non-executive directors, and 37% opposed the motion to authorise the directors to allot equity securities. Another 33% opposed endorsement of the remuneration policy, while just under 50% voted against the remuneration implementation report.