https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Energy|Financial|Gold|Mining|PROJECT|Projects|Renewable Energy|Renewable-Energy|Resources|Service|Solar|Surface|Underground
Energy|Financial|Gold|Mining|PROJECT|Projects|Renewable Energy|Renewable-Energy|Resources|Service|Solar|Surface|Underground
energy|financial|gold|mining|project|projects|renewable-energy|renewable-energy-company|resources|service|solar|surface|underground
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Pan African reports record gold production, matches last year’s dividend

Close

Embed Video

Pan African reports record gold production, matches last year’s dividend

14th September 2022

By: Martin Creamer
Creamer Media Editor

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

JOHANNESBURG (miningweekly.com) – Gold mining company Pan African Resources, which reported record gold production in the 12 months to June 30, describes itself as being positioned for further growth as it moves closer to commissioning organic projects and concludes the Mintails surface gold transaction.

The London- and Johannesburg-listed company has proposed a final dividend of just over R400-million for the financial year 2022 (FY22) equal to 18c a share, the same as that paid in FY21.

Advertisement

Gold production increased by 1.9% to 205 688 oz at 1.8%-higher all-in sustaining costs of $1 284/oz.

Net cash from operating activities rose 45.1% to $110-million, after-tax profit was $75-million, and net debt fell 66.7% to $13-million.

Advertisement

Evander Mines’ underground life-of-mine has been extended to 14 years, with increased expected gold production and development capital internally funded.

The transaction to acquire the Mintails tailings retreatment assets is expected to be concluded by September 30.

The 9.9 MW solar photovoltaic renewable energy plant at Evander is fully commissioned and the first commercial harvest at Barberton’s Blueberry project is in progress, a stock exchange news service announcement accessed by Mining Weekly states.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now