Business
Provisional audited results for the year ended ...
Provisional audited results for the year ended ....
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \nPan African Resources PLC\n('Pan African Resources' or the 'company' or the 'group')\n(Incorporated and registered on 25 February 2000 in England and Wales under the\nCompanies Act 1985, registration number 3937466)\nShare code on AIM: PAF\nShare code on JSE: PAN\nISIN: GB0004300496\n\n\nProvisional audited results for the year ended 30 June 2014\n\nKey features and highlights\n\nKey features reported in South African rand ('ZAR') and pound sterling ('GBP')\n \n- The group's gold sold increased by 44.2% to 188,179oz (2013: 130,493oz).\n\n- Group headline earnings6 decreased by 7.2% to ZAR452.0 million (2013:\nZAR487.0 million). As previously announced, headline earnings were impacted by,\ninter alia, the low grade mining cycle at Evander Gold Mining Pty Ltd and lower\naverage gold price received.\n\n- For the first time, Phoenix Platinum Pty Ltd was both cash generative and\nprofitable in the 2014 financial year.\n\n- Gold mineral reserve inventory increased by 9.8% to 10.1Moz (2013: 9.2Moz).\n\n- Gold mineral resource inventory decreased by 4.6% to 33.5Moz (2013:\n35.1Moz).\n\n- The group has proposed a final dividend of ZAR0.1410 or approximately\n0.7898p7 per share or ZAR258.0 million (approximately GBP14.5 million) for\napproval by shareholders at the annual general meeting in November 2014.\n\n- A dividend of ZAR0.1314 or (0.8030p) per share (2013: Nil) or ZAR240.3\nmillion (GBP14.7 million) was paid during December 2013 in relation to the 2013\nfinancial years results.\n\n- Net debt for the group increased marginally to ZAR101.0 million (2013:\nZAR93.6 million).\n\n \n\n Metric For the year end 30 June 2014\n \n (ZAR \nRevenue millions - 2,608.8 154.6\n GBP \n millions) \n \nAverage gold price received (ZAR/kg - 433,437 1,303\n USD/oz) \n \nCash costs (ZAR/kg - 298,345 897.0\n USD/oz) \n \nAll-in sustaining cash cost (ZAR/kg - 349,008 1,049\n USD/oz) \n \nAll-in costs (ZAR/kg - 374,015 1,124\n USD/oz) \n \n (ZAR \nAdjusted EBITDA1 millions - 745.5 44.2\n GBP \n millions) \n \n (ZAR \nAttributable earnings millions - 452.1 26.8\n GBP \n millions) \n \nEarnings per share ('EPS') (cents - 24.74 1.47\n pence) \n \nHeadline earnings per share ('HEPS') (cents - 24.74 1.47\n pence) \n \n (ZAR \nGroup capital expenditure millions - 363.0 21.5\n GBP \n millions) \n \nNet asset value per share (cents - 152.4 8.7\n pence) \n \nW...