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Pan African Resources Plc. JSE: PAN

Pan African shares

Background of Pan African Resources

  • Pan African Resources is a South African precious metals producer which produces over 200 000oz of gold and platinum per year from the Barberton and Evander gold mines in Mpumalanga and the Phoenix Platinum mine in the North West. The gold mines have tailings retreatment plants to recover greater quantities of gold. The group diversified in 2016 when it decided to buy the Uitkomst Colliery from Oakleaf Investments for a purchase price of R148 million. The mine produces approximately 34 000 tonnes of saleable coal per month.

  • The group’s history stems back to 2000 with the establishment of Viking Internet. The group’s first acquisition was a 74% stake in Barberton Mines in 2007.

  • Today, Pan African Resources shares are up for sale in a dual-listed structure on the Johannesburg Stock Exchange (JSE) and the London Stock Exchange. The group recorded revenue of R3.6 billion in the 2016 financial year. The live online stocks chart shows a healthy growth in Pan African Resources share price.

Pan African Resources Shares Growth Driver

  • Pan African Resources focuses on investing in long-life, high grade operations that are either near or at production stage, in order to maintain its resource base and profit margins

  • After several difficult years due to depressed commodity prices and economic pressures, Pan African Resources share price and overall performance spiked upwards again in 2016. The group delivered some stellar data for the year, enjoying record gold sales of 204 000oz, and a 160% increase in profit to a record R547 million. Shareholders benefitted from record dividends of 15 cents per share. Performance was driven by greatly improved showing from Evander Mines, which raised production by 30.8% from 2015. Barberton Mines managed solid increases in production and head grade.

  • Results were boosted by the high Rand gold price (up by 21.6% from 2015) and consistent production from the Evander tailings retreatment plant, as well as the incorporation of the Uitkomst Colliery, which delivered R11.8 to group profits. The end of the financial year also heralded a successful move to buy a further 23.8% of Shanduka Gold for R546.9 million. Phoenix Platinum has been hampered by a curtailment in production, recording a R9.6 million loss.

  • The group currently boasts a healthy financial position, well-established and cash generative operations and an effective cost control structure. Key focus areas include flexibility and efficiency improvements at Barberton Mines to improve gold production, investment in development capital expenditure at Evander Mines and expanding coal production at Uitkomst.

Pan African Resources Group Investor Tip

  • Investors who buy Pan African Resources shares have benefitted from a surge in Pan African Resources share price, rising from R1.24 in mid-2015 to R4.35 in July 2016. The company is in one of its healthiest ever positions, and improvements are set to continue in the future. Analysts forecast that Pan African Resources shares will be one of the most profitable mining stocks to buy.

Pan African Resources Major Shareholders

Shanduka, Allan Gray Investment Management, Fidelity Worldwide Investment, Truffle Asset Management, Old Mutual Investment Group.

  • Sector

    Materials

  • Industry

    Metals & Mining

  • Sub industry

    Precious Metal Mining

How to buy Pan African Resources Group Shares

  • Pan African Resources : How to buy Pan African Resources Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Pan African Resources Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Pan African Resources Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Pan African Resources Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Pan African Resources Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
  • Buy Shares with Confidence

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<a href="https://www.sashares.co.za/pan-african-resoures-shares">Credits: SA Shares™</a>
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