Pan African Resources is a mid-tier gold producer with a portfolio of high-grade, long-life underground mines and low-cost surface remining projects. The company's primary activities include the mining, extraction, and sale of gold, with operations in South Africa and Australia, including projects for copper and cobalt deposits. It was founded in 2000 and is headquartered in Johannesburg, South Africa.
Pan African’s FY21 results were closely in line with our expectations. Mining profit for the full 12-month period was US$128.0m (cf our estimate of...