Pan African Resources (GB:PAF) has released an update.
Pan African Resources announces a solid operational performance for the fiscal year ending June 30, 2024, with gold production up by 6.2% to 186,039 ounces, and an average gold price of $2,021 per ounce, marking a record high for the group. The company also reports significant safety improvements across its operations and anticipates the early commissioning of the Mogale Tailings Retreatment project, expecting to produce around 60,000 ounces per year over a 21-year lifespan. Additionally, Pan African is progressing with renewable energy projects, having completed the construction of an 8.75MW solar plant and securing funding for further expansion.
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