Pan African Resources expects to meet upper production guidance; progress on Mintails project
–News Direct–
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) CEO Cobus Loots tells Proactive's Stephen Gunnion the company is expected to meet the upper end of its production guidance for the year ending in June. This outcome could have been surpassed if not for a reduction in marginal surface throughput at its Evander operation, a decision driven by economic factors related to third-party tolling material. Additionally, progress continues on the construction of the Mintails tailings project, set to be commissioned later this year, with steady-state production anticipated by December.
Loots also touched on developments at the Soweto cluster, part of the company's longer-term strategy at MTR. This cluster, along with the Mogale cluster, is expected ...