Pan African on track for further output growth
Dual-listed gold miner Pan African Resources increased its production by 6.7% year-on-year to 98 458 oz for the six months ended December 31.
The company explains that its Barberton Mines underground operation reported increased mined tonnages and grades, compared with the six months ended December 31, 2022, while a ramp-up of mining at Evander Mines’ 24 Level underground operations also contributed to higher gold production.
Some metallurgical recovery improvements were also reported at the Elikhulu tailings retreatment project for the six-month period under review.
Pan African maintains its guidance for the full 2024 financial year, to end on June 30, at between 180 000 oz and 190 000 oz; however, given the excellent production performance in the reporting period, the company says it may consider revising guidance before the end of the year.
Production in the 2025 financial year will be significantly higher as Pan African aims to commission the Mogale tailings retreatment project, in Gauteng, later this calendar year, which will add 50 000 oz/y, or 25%, to production.
As of December, Pan African had completed laying foundations for nine carbon-in-leach tanks and the construction of a tower crane.
Pan African reports that the construction of the Fairview mine’s 8.75 MW solar energy plant, in Barberton, is progressing according to plan, with commissioning expected in June.
The company will release its interim results on or about February 14.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
