Pan African H1 revenue up 52.8% y/y to R1.3bn

Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to R1.3-billion. CEO Cobus Loots on Wednesday attributed the higher revenue to an increase in gold production, which rose by 54.2% year-on-year to 81 014 oz on the back of robust performances from the Barberton Mines’ underground operations, the Barberton tailings retreatment plant and the newly commissioned Elikhulu tailings retreatment plant (ETRP).