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BRIEF-Pan African Resources H1 revenue falls 6 pct
February 19, 2014 / 7:17 AM / 4 years ago

BRIEF-Pan African Resources H1 revenue falls 6 pct

JOHANNESBURG, Feb 19 (Reuters) - Pan African Resources PLC : * Says the group’s gold sold increased by 123.0% to 100,172oz (2012: 44,926oz). * Says gold resource inventory increased by 494.9% to 35.1moz (2012: 5.9moz) * Says gold reserve inventory increased by 666.7% to 9.2moz (2012: 1.2moz). * Says revenue decreased by 6.2% to ZAR601.6 million (2012: ZAR641.2 million) * Says EBITDA decreased by 17.6% to ZAR231.6 million (2012: ZAR281.0 million) * Says cash cost per kilogram increased by 9.2% to zar254,506/kg (2012:

zar233,021/kg) * Says final six months of our financial year is likely to be challenging * Says lower grade cycle at evander mines will impact production as well as

cash unit costs * Continue to seek ways of mitigating situation to continue to deliver returns

to shareholders.

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