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.