Business
Operational Update for the half-year ended De...
Pan African Resources PLC reported a significant 51% increase in gold production to 128,296 ounces for the half-year ended December 2025, with further increases expected in the second half, keeping them on track to meet full-year guidance. The company has substantially de-geared its balance sheet, reducing net debt by over 65% to $49.9 million, and anticipates being fully de-geared by February 2026. A proposed interim dividend of ZA12 cents per share is set to be approved, and the Definitive Feasibility Study for the Soweto Cluster project is expected by June 2026, projecting annual gold production of 30-35koz. Safety performance also improved, with a substantial reduction in the Total Recordable Injury Frequency Rate. Disclaimer*
About this update from Pan African Resources Plc
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n \n \n \n \n Pan African Resources PLC\n \n \n (Incorporated and registered in England and Wales under the Companies Act 1985 with registered number 3937466 on 25 February 2000)\n \n \n Share code on LSE: PAF\n \n \n Share code on JSE: PAN\n \n \n ISIN: GB0004300496\n \n \n ADR ticker code: PAFRY\n \n \n (“Pan African Resources” or the “Company” or the “Group”) \n \n \n \n \n \n \n \n \n \n \n Pan African Resources Funding Company Limited\n \n \n Incorporated in the Republic of South Africa with limited liability\n \n \n Registration number: 2012/021237/06\n \n \n Alpha code: PARI\n \n \n \n \n \n \n \n \n \n \n OPERATIONAL UPDATE FOR THE HALF-YEAR ENDED DECEMBER 2025 (H1FY26) AND PROPOSED INITIATION OF INTERIM DIVIDEND \n \n \n \n Pan African is pleased to provide its shareholders and noteholders with an operational update for the half year ended 31 December 2025 (Reporting Period) as well as to announce the initiation of an interim dividend to be approved by the Company’s board of directors (Board) together with the H1FY26 results.\n \n \n \n \n \n \n \n \n KEY FEATURES\n \n \n \n \n \n Increase in gold production of 51% to 128,296oz (H1FY25: 84,705oz) \n \n \n \n \n Further production increases expected IN H2Fy26, on track to meet full year production guidance\n \n \n \n \n Substantially de-geared balance sheet - reduction in net debt of more than 65%\n \n \n \n \n INITIATION OF interim dividend PROPOSED - ZA12 cents per share\n \n \n \n \n Definitive Feasibility Study Soweto Cluster project - expected to be completed by June 2026\n \n \n \n \n \n \n \n \n \n \n SAFETY\n \n \n \n \n Improvement in overall Group safety performance\n \n \n Total Recordable Injury Frequency Rate (TRIFR) improved substantially to 4.74 (H1FY25:8.25) per million-man hours\n \n \n Lost Time Injury Frequency Rate (LTIFR) improved to 1.22 (H1FY25: 1.54) per million-man hours.\n \n \n \n \n \n \n \n \n \n PRODUCTION\n \n \n \n \n \n \n \n Increase in gold production of 51% to 128,296oz (H1FY25: 84,705oz), with the Group on track to meet full year production guidance range of between 275,000oz and 292,000oz\n \n \n Production at Evander operations improved substantially by 87% to 21,640oz (H1FY25: 11,551oz), with the subvertical hoisting shaft operating at capacity and mining in the h...