Pan African Resources (GB:PAF) has released an update.
Pan African Resources has updated its production guidance for the financial year ending 30 June 2024, now expecting to achieve 186,000oz to 190,000oz, with maintained guidance for all-in sustaining costs (AISC). Additionally, the company anticipates an increase in production to 215,000oz to 225,000oz for the 2025 financial year. The promising MTR Project is on track, with revised financial projections showing a significant increase in its pre-tax net present value (NPV) and internal rate of return (IRR), further enhanced by the potential integration of the Soweto Cluster.
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