Member Info for Tank

Barberton producing around 96000 ounces P/A

Obviously they have to do feasibility studies on Mozambique, Ghana and ZAR operations before mining. In regions loke ZAR and MOZ they have very large service all to themselves. The Barberton mines are shallow and the margins are good. They also have an agreement with Pangea exploration

Good updates from their exploration in Mozambique (the 1st gold mine in MOZ). PAF's Barberton mines in South Africa, a mid-tier gold producer, are 1 of the few mines that haven't been affected by the power cuts! They have Metorex as a partner, so we'll see some fireworks in the coming weeks. The shareprice fell quite hard over the last few weeks.. On the Jse its trading a bit higher though, but still only 1 seventh the shareprice of a company like DRD Gold, eventhough PAF produces 1 querter of DRD's annual production..