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Operational issues hit Pan African

South Africa-focused miner Pan African Resources’ (SJ:PAN) profits for its financial year to June 30 have dropped as the company experienced a number of operational challenges throughout the 12-month period.

Jacqueline Holman
Barberton Mines experienced lower grade output, community unrest and safety stoppages during the year

Barberton Mines experienced lower grade output, community unrest and safety stoppages during the year

Gold output fell 15.4%, year-on-year, to 173,285 ounces at an all-in sustaining cost of US$1,177 per ounce, up from $870/oz the previous year. The lower gold production and higher costs took their toll...

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