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 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 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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