Pan African Resources Share News (PAF)
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Wed, 25th Jan 2012 09:20
(Sharecast News) - South African gold producer Pan African Resources began the first phase of a share buyback programme on Friday, to purchase up to ZAR 50m (£2.6m) of shares back over one month.
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Pan African Resources PLC - Rosebank-based gold producer - Plans to start phase one of a share buyback programme to the tune of ZAR50 million, or about GBP2.6 million, over one month from April 1. It says its shares offer significant value given the quality and profitability of its existing operations and growth projects. The share buyback programme is part of the company's broader strategy to deliver value to its shareholders.
Read more(Sharecast News) - Pan African Resources has secured five prospecting concessions, or exploration licences, in north-eastern Sudan, it announced on Monday, dubbed the 'Block 12' concessions).
Read more(Sharecast News) - Pan African Resources reported a 9.9% improvement in group gold production in its interim results on Wednesday, to a record half-year of 108,085 ounces.
Read more(Alliance News) - Pan African Resources PLC on Wednesday reported a solid interim performance with both profit and revenue increasing as costs fell, while the company makes progress on various solar energy plants for its operations.
Read moreUK earnings, trading statements calendar - next 7 days
Read more(Sharecast News) - Pan African Resources reported a 9.9% improvement in group gold production in an update on Wednesday, to a record half-year production total of 108,085 ounces, as it increased its full-year production guidance to around 200,000 ounces.
Read morePan African Resources strikes new first-half gold production record
Read moreLONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy
Read more(Sharecast News) - Pan African has entered into a conditional agreement to acquire the entire issued share capital of Blyvoor Gold Operations from Blyvoor Gold, it announced on Wednesday, for just over £5m.
Read moreIN BRIEF: Pan African Resources to acquire Blyvoor Gold Operations
Read moreIN BRIEF: Pan African Resources agrees new financing for flexibility
Read more(Sharecast News) - Pan African Resources said on Tuesday that its new ZAR 1bn (£46.4m) revolving credit facility had become effective on 25 November.
Read moreIN BRIEF: Pan African says three AGM motions faced sizeable dissent
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