Pan African weighs return to Evander underground mining
18 September 2019 - 19:50
SA’s lowest-cost listed gold producer Pan African Resources is considering whether to return to large-scale underground mining at Evander, a decision CEO Cobus Loots concedes is likely to be considered sceptically by its shareholders.
Pan African plans to make full use of a gold price above R700,000/kg to grow the company, repay debt and invest in its Barberton mines, the bedrock of the London- and Johannesburg-listed company’s production...
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