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Pan African Resources/£PAF

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About Pan African Resources

Pan African Resources is a mid-tier African-focused gold producer with mining operations based in South Africa. The company specializes in the extraction and production of gold and operates several key mining projects, including the Barberton Mines and Evander Mines. Originally established in 2000, Pan African Resources has developed a reputation for leveraging innovative mining techniques and focusing on low-cost, high-yield projects. Headquartered in Johannesburg, South Africa, the company is well-positioned within the region to access substantial gold reserves, providing a strategic advantage over competitors. The firm also emphasizes sustainability and efficient resource management as part of its operational strategy.
Ticker
£PAF
Sector
Materials
Primary listing
LSE
Employees
2,466
Headquarters
Johannesburg, South Africa
Website
www.panafricanresources.com

PAF Metrics

BasicAdvanced
£2.3B
8.42
£0.13
0.74
£0.02
1.47%

What the Analysts think about PAF

Analyst ratings (Buy, Hold, Sell) for Pan African Resources stock.
Analyst projections of the future price of Pan African Resources stock.

Bulls say / Bears say

FY26 gold production rose 38.6% to 272,310oz and profit more than doubled to US$356.9m; operating cash flow lifted the group to US$185.8m of net cash. That stronger balance sheet supports its record proposed dividend and future investment. (Pan African Resources Plc)
The group expects FY27 production of 280,000–302,000oz, with higher output from the expanded MTR plant and a stronger contribution from Tennant as mining starts at White Devil. This offers a near-term path to growth beyond the record FY26 output. (Pan African Resources Plc)
The Soweto tailings project could add 35,000–40,000oz of annual production over about 15 years; its study estimates a US$109m post-tax NPV at a 13% discount rate. Royal Sheba and Poplar add further longer-term growth options. (Pan African Resources Plc)
All-in sustaining costs rose 16.7% to US$1,867/oz in FY26, and FY27 guidance rises to US$2,075–2,175/oz. Higher input costs and a stronger rand could erode the benefit of increased production. (Pan African Resources Plc)
Tennant produced 32,124oz in FY26 after a slower-than-expected ramp-up. The FY27 target of 48,000–52,000oz depends on plant upgrades and the higher-grade White Devil mine delivering as planned. (Pan African Resources Plc)
FY27 capital spending is planned at US$324m, while the proposed Soweto project alone requires about US$216m. Soweto still needs permits, financing and board approval, so delays or cost pressure could weigh on the growth programme. (Pan African Resources Plc, Pan African Resources Plc)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

PAF Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

PAF Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing PAF

AllEURUSDGBP
Funds
Fund name
Fund size
£PAF weighting
iShares STOXX Europe 600 Basic Resources€EXV6
€553M0.90%
VanEck Junior Gold Miners$GDXJ
$1.4B0.84%
VanEck Junior Gold Miners£GJGB
$1.4B0.84%
Vanguard FTSE 250£VMIG
£569M0.82%
Vanguard FTSE 250£VMID
£1.5B0.82%
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.