Pan African limits production losses from Covid-19
The miner says production for 2020 is expected to fall only 5% from its March forecast because it lifted output from substituted production
11 May 2020 - 11:28
Gold miner Pan African Resources has trimmed its production forecast for its year to end-June by 5%, saying it has been able to mitigate the effects of the Covid-19 by continuing surface activities.
The group now expects gold production for its 2020 year of 176,000oz from 185,000 previously, saying it had increased output from its surface toll treatment and low-grade surface stockpile processing initiative. That substituted production was at a lower margin than underground production’, the group said...
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