Pan African ups earnings, pays record dividend

February 21, 2017

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Precious metals and coal producer Pan African Resources on Wednesday announced higher earnings and revenues, and a record dividend pay-out of R300-million, despite lower gold production in the six months to December 31. Earnings per share increased by 33.4% to 16.58c a share and the board approved the Elikhulu tailings retreatment project, subject to certainty on funding for the project.

Category: General