Pan African Resources returns to paying dividends
Strong annual profits are behind the resumption of payouts, but the balance sheet is showing signs of strain
Gold miner Pan African Resources returned to paying dividends after doubling full-year profit, but net debt rose.
Pan African, which is listed in Johannesburg and London, will return R50m, or 2.24c per share, to shareholders as its new Elikhulu tailings retreatment project reached commercial production in September 2018. It returned R185m to shareholders in 2017.