Pan African Resources PLC (OTCPK:PAFRF)
$ 0.3 0 (0%) Market Cap: 624.66 Mil Enterprise Value: 671.98 Mil PE Ratio: 8.15 PB Ratio: 1.87 GF Score: 77/100

Half Year 2023 Pan African Resources PLC Earnings Call Transcript

Feb 15, 2023 / 09:00AM GMT
Release Date Price: $0.18 (-6.15%)
Jacobus Albertus Johannes Loots
Pan African Resources PLC - CEO & Executive Director

Good morning to all of you, and a very warm welcome to the Pan African Resources interim results presentation. Thank you very much for taking time out of your schedules to join us this morning.

At the outset, I have to say, in terms of our underground safety and also the production from our Barberton underground operations, the last half year has been a challenging one for Pan African. It is, however, important to contextualize these 2 issues. We are comparing ourselves to what was a year of record production and profits in 2022. Also, we are implementing concrete measures to improve safety and production from the Barberton underground. These initiatives should see a much improved performance in the second half of the financial year.

Pan African is also now benefiting from a rand gold price in excess of ZAR 1 million per kilo, which is very attractive. Our strategy is to position ourselves as a safe and sustainable, high-margin and long-life gold producer. I believe that the next slides demonstrate

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