On 12 July 2018, Pan African Resources (PAF) announced that production to the end of June was 160,421oz cf prior guidance of 157-160koz for the year, with the outperformance exclusively attributable to underground operations at Evander (EGM). More significantly, for the first time management provided guidance of 170koz for FY19, which was materially above our prior expectation of 140koz on account of construction at Elikhulu continuing to progress “ahead of schedule”, such that it
19 Jul 2018
Pan African Resources - EGM's Parthian shot
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Pan African Resources - EGM's Parthian shot
Pan African Resources PLC (PAF:LON) | 24.2 0.1 1.9% | Mkt Cap: 539.0m
- Published:
19 Jul 2018 -
Author:
Charles Gibson -
Pages:
11
On 12 July 2018, Pan African Resources (PAF) announced that production to the end of June was 160,421oz cf prior guidance of 157-160koz for the year, with the outperformance exclusively attributable to underground operations at Evander (EGM). More significantly, for the first time management provided guidance of 170koz for FY19, which was materially above our prior expectation of 140koz on account of construction at Elikhulu continuing to progress “ahead of schedule”, such that it