Pan African Resources is lining up a number of projects at its Evander and Barberton gold mines, putting behind it a very tough 2017 financial year in which gold output fell hard. Pan African, which trades in London and Johannesburg, will report gold production of 173,000oz for the year to end-June compared with 204,928oz in the previous period. Pan African expects to produce more than 190,000oz in the 2018 financial year. Lower gold output caused by extensive repairs at its Evander shafts, which halted mining for nearly two months, and difficulties at its Barberton mines, will be likely to cause costs to rise from the cash cost of R338,242/kg before. Net debt fell to R66.7m by the end of June from nearly R340m in 2016. Not only has Pan African started its R1.7bn Elikhulu tailings retreatment project at Evander to add 50,000oz of gold to the group a year from the end of 2018, it also has two other projects it is looking at. It intended spending R105m to deepen its Fairview mine in B...

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