Pan African Resources Plc. JSE: PAN

Background of Pan African Resources
Pan African Resources is a South African precious metals producer which produces over 200 000oz of gold and platinum per year from the Barberton and Evander gold mines in Mpumalanga and the Phoenix Platinum mine in the North West. The gold mines have tailings retreatment plants to recover greater quantities of gold. The group diversified in 2016 when it decided to buy the Uitkomst Colliery from Oakleaf Investments for a purchase price of R148 million. The mine produces approximately 34 000 tonnes of saleable coal per month.
The group’s history stems back to 2000 with the establishment of Viking Internet. The group’s first acquisition was a 74% stake in Barberton Mines in 2007.
Today, Pan African Resources shares are up for sale in a dual-listed structure on the Johannesburg Stock Exchange (JSE) and the London Stock Exchange. The group recorded revenue of R3.6 billion in the 2016 financial year. The live online stocks chart shows a healthy growth in Pan African Resources share price.
Pan African Resources Shares Growth Driver
Pan African Resources focuses on investing in long-life, high grade operations that are either near or at production stage, in order to maintain its resource base and profit margins
After several difficult years due to depressed commodity prices and economic pressures, Pan African Resources share price and overall performance spiked upwards again in 2016. The group delivered some stellar data for the year, enjoying record gold sales of 204 000oz, and a 160% increase in profit to a record R547 million. Shareholders benefitted from record dividends of 15 cents per share. Performance was driven by greatly improved showing from Evander Mines, which raised production by 30.8% from 2015. Barberton Mines managed solid increases in production and head grade.
Results were boosted by the high Rand gold price (up by 21.6% from 2015) and consistent production from the Evander tailings retreatment plant, as well as the incorporation of the Uitkomst Colliery, which delivered R11.8 to group profits. The end of the financial year also heralded a successful move to buy a further 23.8% of Shanduka Gold for R546.9 million. Phoenix Platinum has been hampered by a curtailment in production, recording a R9.6 million loss.
The group currently boasts a healthy financial position, well-established and cash generative operations and an effective cost control structure. Key focus areas include flexibility and efficiency improvements at Barberton Mines to improve gold production, investment in development capital expenditure at Evander Mines and expanding coal production at Uitkomst.
Pan African Resources Group Investor Tip
Investors who buy Pan African Resources shares have benefitted from a surge in Pan African Resources share price, rising from R1.24 in mid-2015 to R4.35 in July 2016. The company is in one of its healthiest ever positions, and improvements are set to continue in the future. Analysts forecast that Pan African Resources shares will be one of the most profitable mining stocks to buy.
Pan African Resources Major Shareholders
Shanduka, Allan Gray Investment Management, Fidelity Worldwide Investment, Truffle Asset Management, Old Mutual Investment Group.
Sector
Materials
Industry
Metals & Mining
Sub industry
Precious Metal Mining
How to buy Pan African Resources Group Shares
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Frequently Asked Questions
What is Pan African Resources?
A Precious Metals producer in South Africa with mines in the Mpumalanga & North West Regions of South Africa, as well as a coal mine in the KwaZulu Natal region.
Can you buy Pan African Resources shares online?
The website of SA Shares makes it easy for you to buy JSE listed shares online.
Is Pan African Resources a good share to buy?
Analysts forecast that Pan African Resources shares are a profitable buy.
Who are the shareholders in Pan African Resources?
Shanduka, Allan Gray Investment Management, Fidelity Worldwide Investment, Truffle Asset Management, Old Mutual Investment Group.
When was Pan African Resources founded?
2000