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Pan African Resources reports record profits and plans for growth amid rising gold prices...
16 Sep, 2025 09:22 73 min read
Pan African Resources forecasts robust FY2025 results, driven by low-cost South African operations and high gold prices. Revenue surged 44.5% to $540 million, with profit reaching a record $140.6 million. The company plans to boost production by 40% next year, targeting 260,000 ounces annually, while cutting costs and investing in renewable energy. It aims for net debt-free status by FY26 and proposes an 80% dividend increase, alongside a transition to the London Stock Exchange's main market.... More