Pan African Resources Share News (PAF)

Pan African Resources, the southern Africa-focused gold and platinum producer, says earnings for the final six months of 2011 will be between 83% and 93% better than the equivalent period of 2010.The impressive announcement has been forced on the firm by stock exchange rules which require disclosure as soon as a company is certain results will differ by 20% from a previous corresponding period.This means earnings per share for the second six months of last year are now expected to be just under 100p, compared to 53p in 2010.The news has seen Pan African shares jump 8.3% this morning. Over the last year the stock has gained 67.5%.BS