Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) chief executive Cobus Loots joins Proactive London after reporting record profit due to higher gold production.
The miner produced a total of 201,777 ounces of gold in the twelve months ended June 30, up 12.4% and posted a net profit after tax of US$74.7mln, a company record.
Earnings per share grew 68.3% to 3.87 American cents and operating profit was up 36% to US$128mln.
And the company lifted its final dividend 28.5%, to a total pay-out of US$28.3mln.