HIGHER PRODUCTION
Record gold output beats weak prices to boost Pan African earnings
Higher production in 2022 was due to the stellar performance of its Evander Mines’ underground operation
14 September 2022 - 12:38
Mid-tier gold producer Pan African Resources produced the most gold yet in the 2022 financial year, helping the group achieve a slight increase in profit despite a lower gold price and higher costs.
The company’s gold production for the full year to end-June was up 1.9% to 205,688oz. The average gold price received for the year was down 1.3% in rand terms and all-in mining costs increased 6% due to increases in labour and electricity costs, among other things...
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