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Pan African Resources PLC (PANJ.J)

PANJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pan African Says FY 2018 Production Guidance IS About 177,000OZ-181,000OZ
Tuesday, 13 Feb 2018 02:00am EST 

Feb 13 (Reuters) - Pan African Resources Plc ::‍GROUP'S GOLD PRODUCTION FOR CURRENT REPORTING PERIOD REDUCED BY 6,331OZ TO 85,282OZ (2016: 91,613OZ)​.‍BARBERTON MINES IS POSITIONED FOR AN IMPROVED PERFORMANCE IN SECOND HALF OF FINANCIAL YEAR​.‍GROUP'S EBITDA DECREASED TO R185.6 MILLION (2016: R476.5 MILLION)​.HY EARNINGS PER SHARE DECREASED TO 3.23 CENTS PER SHARE (2016: 16.58 CENTS PER SHARE)​.‍HY GROUP REVENUE FROM CONTINUING OPERATIONS DECREASED TO R1,462.9 MILLION​.‍PRODUCTION GUIDANCE IS NOW APPROXIMATELY 177,000OZ-181,000OZ IN 2018​.  Full Article

Pan African Resources Says Discussions With ASA Resource Group​ Relating To Acquisition Have Been Terminated
Wednesday, 7 Feb 2018 10:00am EST 

Feb 7 (Reuters) - Pan African Resources Plc ::‍NOTIFIED THAT DISCUSSIONS BETWEEN COMPANY AND ASA RESOURCE GROUP​ RELATING TO ACQUISITION HAVE BEEN TERMINATED.  Full Article

Pan African Resources Says HY ‍Gold Production Reduced By 6,331Oz To 85,282Oz
Thursday, 1 Feb 2018 03:05am EST 

Feb 1 (Reuters) - Pan African Resources Plc ::‍GOLD PRODUCTION FOR SIX MONTHS ENDED 31 DECEMBER 2017 REDUCED BY 6,331OZ TO 85,282OZ (2016: 91,613OZ)​.‍GROUP'S PRODUCTION GUIDANCE FOR 2018 FINANCIAL YEAR WILL NOW BE 177,000OZ TO 181,000OZ​.‍EXPECT TO DELIVER IMPROVED PRODUCTION RESULTS AND COST SAVINGS IN NEXT REPORTING PERIOD​.‍ELIKHULU TAILINGS RETREATMENT PLANT PROJECT REMAINS ON TRACK FOR COMMISSIONING EARLY IN 2019 FINANCIAL YEAR OR Q3 OF 2018 CALENDAR YEAR.  Full Article

Pan African Resources ‍Concludes Black Economic Empowerment ownership restructuring
Friday, 15 Dec 2017 04:00am EST 

Dec 15 (Reuters) - Pan African Resources Plc ::‍CONCLUDED RESTRUCTURING DEALS, REPLACING CURRENT BEE EQUITY SHAREHOLDINGS IN CO WITH BEE SHAREHOLDINGS IN EMERALD PANTHER INVESTMENTS.  Full Article

Pan African Resources fulfils conditions precedent to sale of Phoenix Platinum Mining
Tuesday, 7 Nov 2017 02:00am EST 

Nov 7 (Reuters) - Pan African Resources Plc :FULFILMENT OF ALL CONDITIONS PRECEDENT TO SALE OF PHOENIX PLATINUM MINING PROPRIETARY LIMITED​.  Full Article

Pan African Resources wins environmental permits to build Elikhulu
Friday, 25 Aug 2017 03:15am EDT 

Aug 25 (Reuters) - PAN AFRICAN RESOURCES PLC ::INTEGRATED WATER USE LICENCE FOR ELIKHULU HAS BEEN GRANTED BY DEPARTMENT OF WATER AND SANITATION, FOR A PERIOD OF 20 YEARS.‍ALL ENVIRONMENTAL REGULATORY PERMITS ARE THEREFORE IN PLACE TO COMMENCE CONSTRUCTION OF ELIKHULU​.  Full Article

Pan African Resources sees FY HEPS down 38-28 pct
Monday, 21 Aug 2017 11:30am EDT 

Aug 21 (Reuters) - Pan African Resources Plc ::SEES FY HEPS 38% TO 28% LOWER THAN 30.20 CENTS FOR THE SAME PERIOD LAST YEAR.  Full Article

Sylvania Platinum enters into agreement with Pan African Resources to acquire Phoenix Platinum Mining Proprietary
Monday, 31 Jul 2017 02:00am EDT 

July 31 (Reuters) - Sylvania platinum Ltd :Has entered into agreement with Pan African Resources to acquire Phoenix Platinum Mining Proprietary for a purchase price of 89 million rand.  Full Article

Pan African says to dispose Par Coal for 275 million rand
Wednesday, 5 Apr 2017 02:00am EDT 

Pan African Resources Plc :Will dispose of all its shares and loan accounts in its wholly-owned subsidiary, Pan African Resources Coal Holdings Proprietary Limited(Par Coal), to Coal Of Africa Limited for total consideration of r275 million.  Full Article

NUM says concluded voluntary separation package, retrenchment agreements with Evander gold mine
Monday, 13 Mar 2017 07:41am EDT 

National Union Of Mineworkers : Concluded both voluntary separation package and retrenchment agreements on 10th of March 2017 with Evander gold mine . currently the affected employees are 976 from 2 400 who were likely to be retrenched . Will start with voluntary separation package and redeployment to other mines to reduce number of 976 affected employees . Should VSP and redeployment not assist in avoiding retrenchment, we will then engage in retrenchment process Further company coverage: [PAFR.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

UPDATE 1-Protests halt Pan African Resources gold project in South Africa

JOHANNESBURG, Oct 12 Construction of Pan African Resources 1.7 billion rand ($126 million) project in South Africa to produce gold from mine dumps has been halted the past two days because of protests and assaults on its workers, its CEO said on Thursday.