Reported 4 days ago
Pan African Resources Plc has seen its shares surge by 90% this year, fueled by innovative extraction methods from legacy tailings and century-old mines, defying the struggling gold mining context in South Africa. While the company produced a modest 186,000 ounces of gold in 2023, its low-cost operations and the robust gold price, which has risen by 27% this year, position it favorably against larger competitors who face rising operational costs. The company is set to further boost production with new projects, leading analysts to believe it is underappreciated in terms of future cash flow generation.
Source: YAHOO