Cobus Loots, CEO of Pan African Resources (LON:PAF; JSE:PAF) the dual listed African-centric, mid-tier gold producer, discusses how he intends to ramp production 20-30% this financial year whilst maintaining sector-leading shareholder returns.
Cobus also discusses plans to expand the portfolio, funded from cashflow from the current flagship tailings retreatment plant Elikhulu at the long-established Evander Mines, which despite being mined since the 1950’s, still remains one of the World's largest unexploited gold ore discoveries.
“The great thing for us is that we have a strong balance sheet and that's obviously despite the fact that we are commissioning and building these really large projects and we are paying a sector-leading dividend to our shareholders and have done so for many years.
"Given the current gold price, I think it's fair to say that we're generating more cash than what we had expected or anticipated." commented Cobus Loots, CEO.
In this interview with focusIR, investors will also learn:
- Why South Africa is (currently) providing the best value accretion for shareholders
- How the Company will achieve 20-30% growth this financial year
- How the Company can extend the life of mine (Evander) beyond 2038
- How positive cashflow will fund the growth projects
- How the Company intends to maintain its sector-leading dividend yield
- Why the Company would consider a share buyback to complement its progressive dividend policy
- How Pan African keeps the community at the heart of the corporate strategy
- What Cobus thinks about the current gold price
Cobus Loots, CEO of Pan African Resources, was interviewed by Sarah Lowther for focusIR.
