Pan African’s new R1.7bn tailings operation starts paying off
Plan to exploit tailings transforms the gold miner after it stopped bulk extraction at the Evander underground mine
The new R1.7bn Elikhulu tailings operation gave Pan African Resources’ interim production a healthy boost after the company stopped its bulk underground mine at Evander. Pan African reacted quickly to a low rand gold price and put its underground Evander assets into harvest mode, cleaning out pre-developed high-grade areas and blasted ore. It has largely replaced this gold with its Elikhulu project, which is a 1-million tons a month tailings retreatment plant, which hit its stride in October 2018 and contributed 15,292oz of low-cost gold to Pan African in the interim period to end-December. In an update to the market on its interim production performance, Pan African, which is listed in London and Johannesburg, said its gold production from continuing operations shot up 54% to 81,014oz. A year ago, however, with Evander still in full operation, the group produced 85,282oz, with 32,734oz coming from the underground mine at Evander.
Pan African did not provide cost or received p...