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Pan African Resources Reports Mixed Earnings for H2 2024

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Pan African Resources Reports Mixed Earnings for H2 2024

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The latest announcement is out from Pan African Resources ( (GB:PAF) ).

Pan African Resources PLC has announced its trading statement for the six months ending December 31, 2024. The company reported an increase in earnings per share (EPS) by 5% to 15% compared to the same period last year, while headline earnings per share (HEPS) saw a significant decrease of 38% to 49%, attributed to an 18% drop in gold sales and costs associated with a synthetic forward transaction. Despite these challenges, the company is optimistic about improved production in the second half of FY2025 and FY2026, with new projects ramping up and contributing to future growth.

More about Pan African Resources

Pan African Resources PLC is a mining company listed on the AIM and JSE, focusing on gold production. The company operates primarily in South Africa and is known for its gold extraction and processing capabilities.

YTD Price Performance: 22.71%

Average Trading Volume: 3,372,685

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £726.2M

For a thorough assessment of PAF stock, go to TipRanks’ Stock Analysis page.

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