Pan African Resources (PAF)

Sector:

Mining

Index:

FTSE AIM 100

16.54p
   
  • Change Today:
      0.060p
  • 52 Week High: 24.00
  • 52 Week Low: 16.10
  • Currency: UK Pounds
  • Shares Issued: 2,222.86m
  • Volume: 1,571,785
  • Market Cap: £367.66m
  • RiskGrade: 255

Pan African Resources pleased with latest drilling at Barberton

By Josh White

Date: Friday 06 May 2022

LONDON (ShareCast) - (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.
The AIM-traded firm reported high-grade intersections at down-dip extensions to orebodies at Fairview, Sheba and Consort Mines, with the reefs remaining open at depth.

Grades of up to 184 grams per tonne over 0.85 metres were reported at the Sheba Mine intersection, with free gold visible in core samples and development ends.

Pan African said the exploration results would "inform and enhance" its mineral resource and reserve estimates, with updates to be presented with its annual results on 14 September.

It added that the "enhanced" geological understanding would support additional drilling programmes in future years.

"Our continued focus on increased resource and reserve delineation through systematic exploration programmes has again yielded excellent results and improved our geological understanding of our Barberton operations, demonstrating the extent and quality of our world-class, long-life orebodies," said chief executive officer Cobus Loots.

"We look forward to reporting continued success with our exploration programmes at Barberton and at our Evander Mines."

At 1103 BST, shares in Pan African Resources were down 2.14% at 21.77p.

Reporting by Josh White at Sharecast.com.

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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 16.54p
Change Today 0.060p
% Change 0.36 %
52 Week High 24.00
52 Week Low 16.10
Volume 1,571,785
Shares Issued 2,222.86m
Market Cap £367.66m
RiskGrade 255

PAF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.21% below the market average88.21% below the market average88.21% below the market average88.21% below the market average88.21% below the market average
84.73% below the sector average84.73% below the sector average84.73% below the sector average84.73% below the sector average84.73% below the sector average
Price Trend
43.53% below the market average43.53% below the market average43.53% below the market average43.53% below the market average43.53% below the market average
3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average
Income
28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average
Growth
8.97% above the market average8.97% above the market average8.97% above the market average8.97% above the market average8.97% above the market average
64.18% below the sector average64.18% below the sector average64.18% below the sector average64.18% below the sector average64.18% 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 01-Dec-22 02-Dec-21
Paid 13-Dec-22 14-Dec-21
Amount 0.91p 0.92p

Trades for 03-Feb-2023

Time Volume / Share Price
16:35 144,461 @ 16.54p
16:35 104 @ 16.54p
16:35 2,509 @ 16.54p
16:35 3,103 @ 16.54p
16:35 4,695 @ 16.54p

PAF Key Personnel

CEO Cobus Loots
Finance Director Deon Louw

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