Pan African Resources boosts gold production by 28% in 2025 second half

PAN AFRICAN Resources ramped up gold production in its 2025 second half-year to June by 28%, with overall output for the full year consequently increasing by 5.6% to 196 527 ounces against a 2026 projected bullion yield of at least 275 000 ounces.

- TAWANDA KAROMBO

Production during the second half amounted to 111 822 ounces, a record for the company which is moving its UK listing from AIM to London's main market.

Through shifting to the UK main market, Pan African Resources - whose shares on the JSE inched up by 0.89% to R18.13 in afternoon trade on Wednesday - hopes to tap into a larger pool of investors and breathe impetus into its stock's liquidity.

Its prospects have been brightened by the ramp up in gold production. Moreover, the company’s Tennant Mines in Australia achieved inaugural gold pour in May, with forecasts of between 46 000 ounces and 50 000 ounces in gold production over the next three years.

This comes at a time gold prices are currently elevated, with projections of further strengthening.