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Pan African Resources transitions to main market listing as gold prices reach record highs
The Mercury
|September 09, 2025
PAN AFRICAN Resources on Monday announced its intention to transfer its listing from the Alternative Investment Market (AIM) to the main market of the London Stock Exchange (LSE) in a bid to tap into a larger pool of investors and breathe impetus into the stock's liquidity.
The shift comes at a propitious time as current elevated gold prices are proving beneficial for producers within the sector.
Shares in the company surged 9.27% to R18.03 in afternoon trade on the JSE on Monday, extending the stock’s 11.94% and 11.34% appreciation in the past seven and 30 days, respectively.
Gold prices on Monday rose to above $3 600 per ounce, a new high for the precious metal currently viewed as a safe-haven asset.
Dit verhaal komt uit de September 09, 2025-editie van The Mercury.
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