Pan African Resources is a mid-tier African-focused gold producer with a production capacity in excess of 170,000oz of gold per annum.
The Company’s strategic focus is on the exploitation of high-grade ore bodies that yield high margins with a relatively low cost base.
Pan African Resources has successfully grown profitable gold production in recent years via organic and acquisitive growth. Pan African Resources’ gold mining operations produce gold from underground operations and from surface tailings. The group is one of the lowest cash-cost producers of gold in Southern Africa. The Company has a strong balance sheet as well as a long track record of providing a cash return to shareholders through an attractive annual dividend.
Safe, low-cost and profitable gold production
Improving and expanding our portfolio on a sustainable, value-accretive basis to the benefit of all stakeholders
Strong balance sheet and long track record of providing a cash return to shareholders through an attractive annual dividend
The name 'Presenter' refers to Pan African Resources PLC and its advisors, subsidiaries or affiliated companies.
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Some or all of the information contained in these slides and this presentation (and any other information which may be provided) may be inside information relating to the securities of the Presenter within the meaning of the Criminal Justice Act 1993 and the Market Abuse Regulation (EU/596/2014) (“MAR”). Recipients of this information shall not disclose any of this information to another person or use this information or any other information to deal, or to recommend or induce another person to deal in the securities of the Presenter (or attempt to do so). Recipients of this information shall ensure that they comply or any person to whom they disclose any of this information complies with this paragraph and also with MAR. The term “deal” is to be construed in accordance with the Criminal Justice Act 1993 and with MAR. Recipients of these slides and the presentation should not therefore deal in any way in ordinary shares in the capital of the Presenter (“Ordinary Shares”) until the date of a formal announcement by the Presenter in connection with the preliminary results of the Presenter for the six months ended 31 December 2018. Dealing in Ordinary Shares in advance of this date may result in civil and/or criminal liability.
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Forward Looking Statements
Statements in this report that address exploration activities, mining potential and future plans and objectives of Pan African Resources are forward-looking statements and forward-looking information that involve various risks, assumptions and uncertainties and are not statements of fact.
The directors and management of Pan African Resources believe that the expectations expressed in such forward-looking statements or forward-looking information are based on reasonable assumptions, expectations, estimates and projections. However, these statements should not be construed as being guarantees or warranties (whether expressed or implied) of future performance.
There can be no assurance that such statements will prove to be accurate and actual values, results and future events could differ materially from those anticipated in these statements. Important factors that could cause actual results to differ materially from statements expressed in this report include among others, the actual results of exploration activities; technical analysis; the lack of availability to Pan African Resources of necessary capital on acceptable terms; general economic, business and financial market conditions; political risks; industry trends; competition; changes in government regulations; delays in obtaining governmental approvals; interest rate fluctuations; currency fluctuations; changes in business strategy or development plans and other risks.
Although Pan African Resources has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Pan African Resources is not obliged to publicly update any forward-looking statements included in this report, or revise any changes in events, conditions or circumstances on which any such statements are based, occurring after the publication date of this report, other than as required by regulation.