High gold price and better output boost Pan African’s earnings

Pan African Resources (PAR) has reported 32% growth in profit for the year ended June as increased output allowed the mid-tier gold producer to capitalise on high gold prices.

The SA mining house on Wednesday reported revenue up by 16.8% at $373.8m (R6.68bn) for the year under review, while headline earnings soared 32% to $79.5m. ..

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