Pan African more than doubles earnings in second half
13th Feb 2019 09:22
(Sharecast News) - Precious metals producer Pan African Resources said it expected earnings to more than double in the second half of its trading year.
Read moreFocus on low-cost operations paying off for Pan African Resources
25th Jan 2019 08:41
(Sharecast News) - Pan African Resources updated the market on its operations for the six months ended 31 December on Friday, reporting "good progress" in repositioning itself as a long-life, low cost and focussed gold producer.
Read moreFriday broker round-up
30th Nov 2018 12:55
(Sharecast News) - BTG: Jefferies downgrades to hold with a target price of 840p.
Read morePan African's Barberton reaches pay deal with South African unions
7th Sep 2018 10:56
(Sharecast News) - Pan African Resources announced on Friday that its Barberton Mines operation has successfully concluded a three-year wage agreement with the National Union of Mineworkers and the United Association of South Africa.
Read morePan African pours first gold at Elikhulu
16th Aug 2018 10:21
(Sharecast News) - Pan African Resources announced the inaugural gold pour at its Elikhulu tailings retreatment plant on Thursday.
Read morePan African Resources posts study results for Elikhulu
5th Dec 2016 14:05
(ShareCast News) - Pan African Resources announced positive results for the independent Definitive Feasibility Study for its Elikhulu Tailings Project on Monday. The AIM-traded company's board of directors approved the construction of the project at the same time, subject to finalisation of the proj
Read moreSolid first half for Pan African Resources
23rd Feb 2016 14:21
(ShareCast News) - Pan African Resources reported a quality start to the year on Tuesday, with production and earnings rising substantially in the six months to 31 December. The AIM-traded company said group earnings increased by 129.4% in the period to ZAR 227.6m. In sterling terms, Pan African rep
Read morePan African Resources trims dividend as revenue plunges
16th Sep 2015 08:57
(ShareCast News) - Gold miner Pan African Resources posted a decline in annual revenue and earnings and trimmed its dividend but said it remained confident business will improve in the current financial year. In the 12 months to the end of June, the London-listed company saw its headline earnings sl
Read morePan African reveals Shankduka-Pembani merger will result in sale of stake
9th Jun 2015 10:25
Pan African Resources shares declined after shareholders learned the 23.86% stake held by Shanduka will be bought by the Mabindu Trust, an investment vehicle of the China Investment Corporation and the Standard Bank of South Africa. The transaction is the result of Shanduku's agreement with Pembani
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
Read moreLower grade gold hits Pan African Resources
29th Aug 2014 14:04
Gold miner Pan African Resources (PAF) blamed low-grade gold ore and a one-off gain on an acquisition last year for a profit warning. PAF said 2014 full year earnings per share (EPS) in both South African rand and sterling would be more than a fifth lower than the EPS for the year to 30 June 2013.
Read moreSector movers: Mining stocks rise strongly, Glencore Xstrata gains
17th Mar 2014 14:33
The FTSE 350 mining sector, which fell nearly four per cent last week on the back of uncertainties surrounding Ukraine and fears of a slowdown in China, recovered strongly on Monday with Glencore Xstrata among the best performers in London. Glencore Xstrata was trading 3.3% higher at 306.8p this af
Read moreCanaccord Genuity upgrades gold forecasts, lists preferred stocks
17th Mar 2014 11:08
Canaccord Genuity has highlighted key stocks to buy in the gold mining sector as it lifted its forecasts for the price of the precious metal over the medium term. The broker explained that UK-listed gold producers on average have mildly outperformed the gold price since the start of 2014. However,
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read morePan African Resources sees half-year earnings up over a fifth
29th Jan 2014 08:57
South African gold and platinum miner Pan African Resources forecast that half-year earnings would rise by more than a fifth, boosting its shares. Pan African, which has three main mining schemes and a gold tailings project in South Africa, said it expected earnings per share in the six months to D
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