Pan African Resources (PAF)

Sector:

Mining

Index:

FTSE AIM 100

39.00p
   
  • Change Today:
      0.60p
  • 52 Week High: 39.90
  • 52 Week Low: 15.16
  • Currency: UK Pounds
  • Shares Issued: 2,335.68m
  • Volume: 2,084,266
  • Market Cap: £910.91m
  • RiskGrade: 255
  • Beta: 1.16

Pan African commissions Mogale Tailings Retreatment operation

By Josh White

Date: Thursday 31 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Pan African announced the successful commissioning of its Mogale Tailings Retreatment (MTR) operation on Thursday, with the first gold pour at its smelting facility occurring in early October.

The AIM-traded firm said the project, valued at $135.1m, was completed under budget and ahead of schedule, with construction finalised in 14 months.

MTR was now in its ramp-up phase, targeting a steady-state production throughput of 800,000 tonnes per month by December.

During its construction phase, MTR employed over 1,600 workers and achieved zero lost-time injuries across 1.5 million man-hours worked, Pan African reported.

"Pan African has established an enviable track record in executing world-class tailings retreatment projects," said chief executive officer Cobus Loots.

"We are pleased to announce the successful commissioning of the MTR operation in October, ahead of schedule and below budget.

"MTR is expected to supplement our current production profile by more than 50,000 ounces per year at an AISC of approximately $1,000 per ounce, with a life-of-mine of more than 20 years if we include reserves from our Soweto tailings cluster."

At 1037 GMT, shares in Pan African Resources were down 0.44% at 36.19p.

Reporting by Josh White for 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 39.00p
Change Today 0.60p
% Change 1.56 %
52 Week High 39.90
52 Week Low 15.16
Volume 2,084,266
Shares Issued 2,335.68m
Market Cap £910.91m
Beta 1.16
RiskGrade 255

PAF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.80% above the market average50.80% above the market average50.80% above the market average50.80% above the market average50.80% above the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Price Trend
99.03% above the market average99.03% above the market average99.03% above the market average99.03% above the market average99.03% above the market average
97.06% above the sector average97.06% above the sector average97.06% above the sector average97.06% above the sector average97.06% above the sector average
Income
80.22% above the market average80.22% above the market average80.22% above the market average80.22% above the market average80.22% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Growth
23.08% below the market average23.08% below the market average23.08% below the market average23.08% below the market average23.08% below the market average
37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
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 28-Nov-24 30-Nov-23
Paid 10-Dec-24 12-Dec-23
Amount 0.96p 0.75p

Trades for 12-Dec-2024

Time Volume / Share Price
10:05 34 @ 38.96p
10:04 25 @ 39.05p
10:03 5 @ 39.04p
10:03 2,510 @ 39.04p
10:02 54,697 @ 39.10p

PAF Key Personnel

CEO Cobus Loots
Finance Director Deon Louw

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