PAF17 May 2019 08:06
A strong long term gold producer, could see a rise, but gold price may drag it back
The Group’s performance over the past nine months reflects our efforts to maintain Pan African’s position as a safe, low-cost and long-life gold producer. Safe, highly profitable and sustainable ounces at Elikhulu have replaced those of Evander’s loss-making underground operations. We continue to optimise Elikhulu, which delivered a throughput of 1.3-million tonnes in March 2019, 100,000 tonnes above the name plate capacity. The focus is now on maximising sustainable margins from this world-class operation.