Pan African Resources, a gold miner with underground and surface operations, declared a record final dividend and slashed  debt amid soaring gold prices and better-than-expected production output.

The mid-tier producer announced a strong set of results for the year to end-June despite the Covid-19 pandemic and nationwide lockdown, which is estimated to have shaved 10,000 ounces off Pan African’s annual production, equating to R300m in lost revenue...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now