Pan African Resources Boasts Strong Growth and Profits

Pan African Resources (GB:PAF) has released an update.

Pan African Resources reports a robust financial year with gold production up by 6.2%, reaching 186,039 ounces and increasing profits by 30.2% to $78.8 million. Despite slight cost pressures with all-in sustaining costs rising marginally above guidance, the company is set for growth with the near-term MTR project expected to enhance production and reduce unit costs. The company also continues to lead in ESG initiatives, including renewable energy projects and extending the life of its Barberton Tailings Retreatment Plant.

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