Pan African Resources

Last updated

Pan African Resources plc
Company type Public
LSE:  PAF
Industry Mining
Founded2000;25 years ago (2000)
Headquarters Johannesburg, South Africa
Key people
Keith Spencer (chairman)
Cobus Loots (CEO)
RevenueIncrease2.svg $540.0 million (2025) [1]
Increase2.svg $215.9 million (2025) [1]
Increase2.svg $140.6 million (2025) [1]
Website www.panafricanresources.com

Pan African Resources plc is a large gold mining business based in Johannesburg, South Africa. It is listed on the London Stock Exchange and the Johannesburg Stock Exchange and is a constituent of the FTSE 250 Index. [2]

Contents

History

The company was established to undertake mineral exploration in 2000. [3] It then focussed on gold mining after acquiring mines in Barberton, South Africa in 2007. [4]

The company was the subject of an initial public offering on the Alternative Investment Market of the London Stock Exchange and the Johannesburg Stock Exchange in 2007. [5] It significantly increased production after buying a gold mine in Evander, South Africa in 2009. [6]

In November 2024, the company acquired Tennant Consolidated Mining Group, a gold and copper mining business operating in Australia, for $50.8m; the purchase included Nobles, a gold mine at Tennant Creek in the Northern Territory. [7] [8] [9] Then, in October 2024, the company commissioned a tailings retreatment plant at Mogale in South Africa. [10]

The company transferred to the main market of the London Stock Exchange in October 2025. [11] [12] [13]

References

  1. 1 2 3 "Annual Results 2025" (PDF). Pan African Resources. Retrieved 26 November 2025.
  2. "FTSE UK Index Series: Quarterly Review December 2025". FTSE Russell. 3 December 2025. Retrieved 19 December 2025.
  3. "Pan African Resources plc". Companies House. Retrieved 26 November 2025.
  4. "The Dogs of Aim 2021". Master Investor. 19 August 2021. Retrieved 26 November 2025.
  5. "Pan African plans move from AIM to London Main Market". Mining Review. 8 September 2025. Retrieved 26 November 2025.
  6. "Analysts encouraged by Pan African Resources start with Evander". Proactive Investor. 8 May 2013. Retrieved 26 November 2025.
  7. "Pan African completes Australian TCMG acquisition for $54.2m". Mining Technology. 6 November 2024. Retrieved 26 November 2025.
  8. "Pan African's Ambitious Gold Production Expansion Strategy Unveiled". Discovery Alert. 11 September 2025. Retrieved 26 November 2025.
  9. "Pan African expands into Australia, halts Sudan project". Mining.com. 5 November 2024. Retrieved 26 November 2025.
  10. "Pan African proves it can commission large gold projects abroad with aplomb". Mining Weekly. 11 June 2025. Retrieved 26 November 2025.
  11. "Pan African shares admitted to LSE's main market". Mining Weekly. 24 October 2025. Retrieved 26 November 2025.
  12. "Pan African Resources shares to debut on main board of LSE from Friday". Shares Magazine. 24 October 2025. Retrieved 26 November 2025.
  13. "Mining boss: Journey from Aim to main market 'too difficult'". CityAM. 28 October 2025. Retrieved 26 November 2025.