Summarised audited results for the y/e 30 June ...

About this update from Pan African Resources Plc

Pan African Resources PLC (Incorporated and registered in England and Wales under the Companies Act 1985 with registered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 ADR ticker code: PAFRY (“Pan African” or the “Company” or the “Group”) (Key features are reported in United States (US) dollar (US$) and South African rand (ZAR)) Provisional summarised audited results for the year ended 30 June 2022 – SHORT FORM ANNOUNCEMENT HIGHLIGHTS Excellent safety record maintained Record gold production, with production increasing by 1.9% to 205,688oz (2021: 201,777oz) All-in sustaining costs (AISCAPM) for the financial year ended 30 June 2022 (current financial year) of US$1,284/oz (US$1,261/oz), a marginal increase of 1.8% when compared to the financial year ended 30 June 2021 (previous financial year) When higher cost operations are excluded, the AISCAPM for 87% of the Group’s gold production was US$1,145/oz Net cash from operating activities increased by 45.1% to US$110.0 million (2021: US$75.8 million) Profit after tax of US$75.0 million (2021: US$74.7 million) and headline earnings of US$75.6 million (2021: US$74.7 million) Earnings per share (EPS) increased to US 3.90 cents per share (2021: US 3.87 cents per share) and headline earnings per share (HEPSAPM) increased to US 3.93 cents per share (2021: US 3.87 cents per share) Net debt reduced by 66.7% to US$13.0 million (2021: US$39.0 million) Final dividend of ZA 18.00000 cents per share or US 1.04046 cents per share at the prevailing exchange rate, proposed for approval at the upcoming Annual General Meeting (AGM) Evander Mines’ underground life-of-mine (LoM) extended to 14 years, with increased expected gold production and development capital internally funded Transaction to acquire Mintails tailings retreatment assets expected to be concluded by 30 September 2022 First phase of share buy-back programme of US$3.2 million (2021: US$ 0 million) completed 9.9MW solar photovoltaic (PV) renewable energy plant at Evander fully commissioned First commercial harvest at Barberton’s Blueberry project in progress CHIEF EXECUTIVE OFFICER’S STATEMENT Overview “Over the past year the Group has again made meaningful progress with our operational performance and growth projects. Our teams achieved record gold production of 205,688oz from what is now a better diversified p...

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