Pan African reports higher output, lower debt, upped guidance, intensified dividend intent

Despite the challenges presented by the Covid-19 pandemic, Pan African Resources on Friday reported higher gold production, lower debt, good safety, environmental progress, project advances and intensified dividend intent. In an operational update for the year ended June 30, the London-, Johannesburg and now also New York-listed company reported that it was heading towards a position of being debt-free within the next 12 months.