Pan African Resources (PAF): gold production increases by 54.2% for the six months ended 31 December

Published on 25-01-2019 08:25:21
Author Sparks Team
Pan African Resources (PAF): gold production increases by 54.2% for the six months ended 31 December

Pan African’s six months gold production of was at 81,014oz, against 52,548oz last year. The production from the Barberton complex grew 24.5% to 50,556oz from 40,611oz in 2017. The new Elikhulu tailings retreatment plant has already reached nameplate throughput capacity with incremental low-cost ounces.

Safety statistics for the group have materially improved during the current reporting period. Incremental low-cost ounces from Elikhulu and curtailment of large underground mining operations at Evander Mines have led to the lower all-in sustaining cost of production.

Cobus Loots, CEO of Pan African, said: “We are very pleased with the commissioning of Elikhulu during the period under review, notwithstanding the challenges associated with delivering a project of this magnitude and complexity on time and within budget.”

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