Pan African Resources (PAF)

Sector:

Mining

Index:

FTSE AIM 100

22.50p
   
  • Change Today:
      0.60p
  • 52 Week High: 22.60
  • 52 Week Low: 12.02
  • Currency: UK Pounds
  • Shares Issued: 2,222.86m
  • Volume: 4,140,484
  • Market Cap: £500.14m
  • RiskGrade: 255

Pan African reports strong results at Barberton and Evander mines

Date: Tuesday 07 May 2013

LONDON (ShareCast) - Pan African Resources’ South African gold mines Barberton and Evander recovered high grades in the first quarter, according to an operational update Tuesday.

Barberton sold 25,880 ounces in the three months to March, while the newly-acquired Evander sold 25,990 ounces.

The miner said the average recovered grade for the last quarter of the 2013 financial year is expected to be 9.7 grams per tonne (g/t) for Barberton and 4.6 g/t for Evander.

The underground recovered grade, excluding surface sources, for this quarter is pegged at 10.7 g/t for Barberton and 6.5 g/t for Evander.

"The acquisition of Evander has propelled Pan African into a new phase of growth," said Chief Executive Officer, Ron Holding.

"Our current emphasis is the successful integration of the asset into the group. This integration is progressing well and is in line with our expectations. We will continue our efforts to create and maintain a safe working environment, achieve our stated production targets and control costs at all of our operations."

The Evander mine is being equipped with the no 7 Shaft area to retrieve additional ounces from previously mined areas.

Barberton's Tailings Retreatment project remains on track and within budget to start production in the first quarter of the next financial year. The project is expected to increase annual production at Barberton by about 20,000 ounces per year.

Shares jumped 1.67% to 15.25p at 15:52 Tuesday.

RD

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PAF Market Data

Currency UK Pounds
Share Price 22.50p
Change Today 0.60p
% Change 2.74 %
52 Week High 22.60
52 Week Low 12.02
Volume 4,140,484
Shares Issued 2,222.86m
Market Cap £500.14m
RiskGrade 255

PAF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.12% above the market average78.12% above the market average78.12% above the market average78.12% above the market average78.12% above the market average
40.46% above the sector average40.46% above the sector average40.46% above the sector average40.46% above the sector average40.46% above the sector average
Price Trend
86.63% above the market average86.63% above the market average86.63% above the market average86.63% above the market average86.63% above the market average
88.81% above the sector average88.81% above the sector average88.81% above the sector average88.81% above the sector average88.81% above the sector average
Income
62.63% above the market average62.63% above the market average62.63% above the market average62.63% above the market average62.63% above the market average
4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average
Growth
81.42% below the market average81.42% below the market average81.42% below the market average81.42% below the market average81.42% below the market average
59.38% below the sector average59.38% below the sector average59.38% below the sector average59.38% below the sector average59.38% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PAF Dividends

  Latest Previous
  Final Final
Ex-Div 30-Nov-23 01-Dec-22
Paid 12-Dec-23 13-Dec-22
Amount 0.75p 0.91p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 655,022 @ 22.50p
16:35 2,296 @ 22.50p
16:35 6,422 @ 22.50p
16:35 3,640 @ 22.50p
16:35 20,447 @ 22.50p

PAF Key Personnel

CEO Cobus Loots
Finance Director Deon Louw

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