Latest news with #PanAfricanResources
eNCA
6 days ago
- eNCA
Impact of illegal mining on local communities
BARBERTON - Over the last few days we've been watching as hundreds of illegal miners have resurfaced from the Sheba mine in Barberton in a joint operation between the police and the mine. On Tuesday, Pan African Resources said that trying to arrest the illegal miners with their own security teams is costing the company. It's one of the reasons for retrenchments. In December in Sabie in Mpumalanga, 153 illegal miners were brought to the surface highlighting the dangers of rescue operations. Three miners lost their lives. The police's Vala Umgodi operation was launched in December 2023 and its targeting illicit mining in seven provinces including Mpumalanga.
Yahoo
04-07-2025
- Business
- Yahoo
Institutional investors control 75% of Pan African Resources PLC (LON:PAF) and were rewarded last week after stock increased 4.3%
Given the large stake in the stock by institutions, Pan African Resources' stock price might be vulnerable to their trading decisions 53% of the business is held by the top 7 shareholders Recent sales by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Every investor in Pan African Resources PLC (LON:PAF) should be aware of the most powerful shareholder groups. With 75% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). And things are looking up for institutional investors after the company gained UK£40m in market cap last week. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 86%. Let's take a closer look to see what the different types of shareholders can tell us about Pan African Resources. See our latest analysis for Pan African Resources Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in Pan African Resources. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Pan African Resources' historic earnings and revenue below, but keep in mind there's always more to the story. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Pan African Resources. Looking at our data, we can see that the largest shareholder is Allan Gray Proprietary Ltd. with 12% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 11% and 10%, of the shares outstanding, respectively. We did some more digging and found that 7 of the top shareholders account for roughly 53% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of Pan African Resources PLC. Keep in mind that it's a big company, and the insiders own UK£5.0m worth of shares. The absolute value might be more important than the proportional share. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. With a 12% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Pan African Resources. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Pan African Resources (of which 1 is a bit unpleasant!) you should know about. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $384.84 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
IOL News
11-06-2025
- Business
- IOL News
Pan African Resources achieves record gold production while significantly reducing debt
Pan African Resources on Wednesday reported record second-half gold production and a sharp reduction in debt for the 2025 financial year, as the miner looks to ramp up output by more than 40% in the coming year. The announcement, however, was overshadowed by a fatal accident at its Barberton operation earlier this month. The South Africa-focused gold producer said one employee lost their life at the Sheba Mine on June 6. The company said it will continue efforts to achieve 'zero harm' across its operations. Despite the tragedy, operationally the company ended the fiscal year on a strong note. Gold production for the second half of 2025 is estimated at approximately 112 000 ounces, a 32% increase from the first half (84 705 ounces), driven by improved grades, stronger performance from underground operations, and the ramp-up of tailings retreatment projects. Full-year production is expected at about 197 000 ounces, a 6% increase year-on-year. Cobus Loots, Pan African's CEO, said, "I believe the Group has never been better positioned to take advantage of record gold prices, with record second half gold production being testament to that achievement. Increased cashflow generation and de-gearing is allowing our business to continue to invest and grow, whilst also increasing cash returns to shareholders. The share buy back programme approved by our board demonstrates our confidence in the Group and its prospects." Loots said the commissioning during May 2025 of the processing plant at Tennant Mines in Australia is a significant achievement for the group and maintains its track record of delivering new mining projects on time and within budget. "We have also now demonstrated our ability to commission large scale projects outside of South Africa," he said. In addition to a notable immediate increase in Pan African's production capacity, Loots said Pan African's investment in Tennant also provides for exciting growth in a Tier-1 mining jurisdiction, with some 1700 square kilometres of prospective exploration ground, and our newly established processing plant at Tennant Mines being the only such facility in the region. Debt Falls Sharply, Share Buyback Announced Pan African reduced its net debt by 32% to approximately $155 million (R2.8 billion) as of June 30, 2025, from $228.5m at the end of December. The company expects to be fully degeared during 2026 at current gold prices. The miner also plans to be fully unhedged from July, having exited its final zero-cost collar positions and synthetic forward contracts. In a move to return value to shareholders, Pan African's board has approved a share buyback programme of up to ZAR200 million, starting June 17. "The board believes that at the current share price, the company's shares offer significant value, given the quality and profitability of the group's existing operations and growth projects. The board has, therefore, taken the decision to implement the programme as part of the company's broader strategy to deliver value to shareholders," it said. Cost Guidance Rises The company acknowledged that full-year output fell short of guidance primarily due to slower-than-expected commissioning at two key projects: the Evander sub-vertical shaft and the tailings filter press section at the new Tennant Mines plant. Tennant, which achieved its first gold pour in May, is expected to reach steady-state production of around 50 000 ounces per annum by the first quarter of 2026. Pan African's all-in sustaining costs (AISC) for the second half of 2025 are now forecast between $1 525 and $1 550 per ounce, above prior guidance. For the full year, AISC is expected to range between $1 550 and $1 575/oz, impacted by lower-than-planned production and a $25/oz loss from expired hedge positions. Looking ahead, the company projects 2026 gold production between 275,000 and 292000 ounces - a 40% year-on-year increase - with group AISC expected to fall to between $1 475 and $1 525/oz. Growth will be supported by full-year contributions from the Mogale Tailings Retreatment (MTR) plant, higher production at Evander and Tennant Mines, and improved operating efficiencies at Barberton following a recent restructuring. At midday the share price was up 0.99% at R11.26 on the JSE. BUSINESS REPORT Visit:
The Herald
05-06-2025
- Health
- The Herald
Mthatha athlete part of Comrades elite field
When thousands of runners line up for the Comrades Marathon in front of the Pietermaritzburg City Hall on Sunday morning, one of the elite runners at the front of the queue will be Eastern Cape-born athlete Musa Zweni. Zweni, 34, runs for Pan African Resources Club and is coached by John Hamlet, who has coached several of the illustrious championship-winning ultra marathon runners. He has been in the Comrades Marathon training camp in Dullstroom, Mpumalanga, preparing for 2025's race. Zweni said he joined the camp in 2025, and the plan for the upcoming race was about adjusting to the training approach of his new club. 'We have got a three-year plan that we are working on with my coach,' Zweni said. 'We will just tick off this year and see other years. 'But in my head, there is something else. But the coach said before I could get there, we need to get some things right,' Zweni said, adding he did not run the Two Oceans Marathon to prepare for the Comrades. Born in Tabase, Mthatha, Zweni's best Comrades time, which he ran in 2023 in the colours of Boxer Superstores Athletic Club, was 5 hrs 58 min 47 sec, which earned him the Wally Hayward medal. An injury cost him running his first comrades in 2018, but his time in the race has improved tremendously from his 2019 debut where he finished in position 2,831 in 08:56:57, earning himself a Bill Rowan medal, followed by a much-improved performance finishing in 73rd spot, earning his first silver medal in 2022 after running his race in 06:30:58. Zweni's first dream was to play professional football, but that was ended after he tore his anterior cruciate ligament (ACL) at a tournament in 2012 in Soweto, where he was preparing for trials with a PSL club. That forced surgery, with doctors saying he would never be able to run again. His running career started in 2017 in Cape Town and he has since attracted sponsorships from top global sport brands such as Puma, Maurten Gel and Future Life. 'After that injury, I started experiencing life in the sense that I started drinking, at that time I did not even have a girlfriend because my life was about football and nothing else. 'I started experimenting with a lot of things because I felt like I had given up so much for that moment. Everything happened so fast,' he said. Several injuries linked to his ACL injury forced Zweni to hang up his football boots at the age of 26. While the transition to elite running was not smooth sailing, Zweni's competitive streak kicked in when his friend, Siyabonga Madala, introduced him to running. He finished his first 10km run in 47 minutes, ran his first half marathon in 1:36:00, and his first Sanlam Cape Town Marathon in 4:00:00 from the F seeding. — WATCH: We are the Champions
Daily Mail
30-05-2025
- Business
- Daily Mail
Why gold mining shares are too cheap, according to JP Morgan analysts
After a strong run for precious metals, gold mining shares still look undervalued. That's the view from JP Morgan's latest note on listed producers, which argues there's room for substantial upside, especially if its bullish forecast for the precious metal proves right. Its commodities team is pencilling in a price of $4,100 an ounce for 2026. That's well above current spot levels of $3,320 and would mark a new all-time high. Based on that estimate, JP Morgan sees around 40–50 per cent upside to average analyst expectations for earnings before interest, tax, depreciation and amortisation across the sector. While the American bank focused on the larger producers, citing names such as Fresnillo and Hochschild, there's plenty of value lower down the evolutionary chain. Stocks on this layer of the pyramid are increasingly disconnected from the rising gold price, rather than moving in step. Of course, being small and mid-cap companies, it often takes time for the market to focus on inherent value, even when backed by gold. These smaller players are also more prone to operational mis-steps that larger organisations can absorb. Below is a far-from-scientific roll call of gold stocks that have thus far flown under the radar. Probably the pick of the bunch is Pan African Resources, which, with a £940 million market capitalisation, has broken free from the small-cap bracket. While its share price is up around 30 per cent year to date, it still lags the performance of Endeavour (+51 per cent) and Fresnillo (+80 per cent). Dropping down a division, Caledonia Mining stands out. Its performance has been stronger than Premier African and it comes with a very decent dividend. As valuations shrink, the link between the gold price and share price weakens. A case in point is Ariana Resources, which has modest production from its Turkish operations but ambitious growth plans in Zimbabwe. Panmure Liberum analysts, fresh from a site visit to Ariana's Dokwe project, described it as a potential multi-million-ounce asset with strong development prospects. That optimism is in stark contrast to Ariana's stock market performance, down more than 40 per cent year to date. It suggests value and opportunity may be buried in AIM's twilight zone. Ariana is preparing to list in Australia, a savvy move in a market where investors, both private and institutional, know how to value smaller gold companies. Appetite for diggers and prospectors is strong, supported by self-directed flows from Australia's generous superannuation schemes. So, watch this space. Wider market moves Turning to the wider market, the AIM All-Share continued to outperform its benchmark, rising 1.3 per cent to 746.39 and outpacing the FTSE 100, which nudged just 0.4 per cent higher. This reflects growing confidence, underlined by a slew of successful fundraisings that made May a bumper month for companies replenishing their coffers. The week's standout performer was Blue Star Capital, which jumped 150 per cent after news of its investment in cross-border crypto payments platform SatoshiPay. Avacta rose 43 per cent, a performance that would have topped the leaderboard most weeks. The appointment of two heavyweight independent directors helped ease investor concerns over a delay to the company's results. One of the new recruits, Richard Hughes, brings deep capital markets experience, possibly signalling a strategic shift for the precision medicines group. ATOME climbed 35 per cent following the launch of a new renewable energy division, initially focused on Latin America. And the laggards… At the other end of the table, Totally fell 84 per cent as investors digested the healthcare provider's semingly insurmountable funding position. Watkin Jones dropped 21 per cent after the developer of student housing and build-to-rent properties posted a loss and painted a gloomy picture of current trading. Finally, the small-cap market, especially where trading is thin or controlled by market makers, tends to react sharply to news, with professional price-setters often moving to protect positions rather than reflect true value. A case in point is hVIVO. Shares slumped 45 per cent on Friday following the loss of one contract and the postponement of another. Seasoned small-cap investors will know that sanity usually prevails, but it can take time for stocks like hVIVO to find their footing. In the meantime, it's worth remembering this is a business with £47million of contracted revenue already secured for the current year and, as of its last results, £44million in cash.
