Pan African Resources (PAF)

Sector:

Mining

Index:

FTSE AIM 100

54.20p
   
  • Change Today:
      0.40p
  • 52 Week High: 54.66
  • 52 Week Low: 26.70
  • Currency: UK Pounds
  • Shares Issued: 2,333.67m
  • Volume: 1,292,358
  • Market Cap: £1,264.85m
  • RiskGrade: 255

Pan African Resources first-half profits drop

By Benjamin Chiou

Date: Monday 10 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Shares in Pan African Resources were under pressure on Monday after the gold miner reported a big drop in first-half profits.
The company said headline earnings per share should be between 1.09 US cents and 1.31 cents for the six months to 31 December, down 38-49% on the 2.22 cents earned the year before.

This was partly due to a 18% drop in the amount of gold sold to 79,926 ounces, along with the opportunity cost associated with the synthetic forward transaction of $17.4m, compared with just $1.7m previously.

However, PAF said that this agreement finishes at the end of February 2025, after which it will fully benefit from the prevailing spot gold price of approximately $2,860/oz which is 21% higher than the average price registered during the first half.

Looking ahead, PAF said it was well position for "much improved production" in the second half, with further increases expected next fiscal year.

Shares were 5.2% lower at 39.95p by 1119 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PAF Market Data

Currency UK Pounds
Share Price 54.20p
Change Today 0.40p
% Change 0.74 %
52 Week High 54.66
52 Week Low 26.70
Volume 1,292,358
Shares Issued 2,333.67m
Market Cap £1,264.85m
RiskGrade 255

PAF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.82% below the market average43.82% below the market average43.82% below the market average43.82% below the market average43.82% below the market average
93.65% below the sector average93.65% below the sector average93.65% below the sector average93.65% below the sector average93.65% below the sector average
Price Trend
94.65% above the market average94.65% above the market average94.65% above the market average94.65% above the market average94.65% above the market average
74.63% above the sector average74.63% above the sector average74.63% above the sector average74.63% above the sector average74.63% above the sector average
Income
22.27% above the market average22.27% above the market average22.27% above the market average22.27% above the market average22.27% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Growth
5.73% above the market average5.73% above the market average5.73% above the market average5.73% above the market average5.73% above the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PAF Dividends

  Latest Previous
  Final Final
Ex-Div 28-Nov-24 30-Nov-23
Paid 10-Dec-24 12-Dec-23
Amount 0.96p 0.75p

Trades for 22-Jul-2025

Time Volume / Share Price
10:49 2,770 @ 54.13p
10:45 790 @ 54.20p
10:45 1,333 @ 54.20p
10:45 3,294 @ 54.20p
10:45 4,509 @ 54.20p

PAF Key Personnel

CEO Cobus Loots
Finance Director Deon Louw

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