Pan African CEO on record gold price, output & dividend

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN) CEO Cobus Loots talked with Proactive's Stephen Gunnion about the company’s strong results for the year to June, supported by record gold production and favourable market conditions. Loots explained that the company delivered record earnings, profits and has proposed a record dividend for approval at its upcoming AGM. He noted: “We produced a record number of ounces in the second half of the financial year, record earnings and profits, and obviously proposing a record dividend.” Looking ahead, Loots outlined significant growth drivers, including the expansion of the Mogale Tailings Retreatment (MTR) plant, expected to lift output to 60,000 ounces, the first full year of production from Tennant Mines, and higher production from Evander underground. These projects are expected to contribute to a major step-up in output for the full year 2026. While all-in sustaining costs rose to $1,600 per ounce, Loots highlighted that 85% of the company’s portfolio last year produced at $1,425 per ounce, keeping Pan African competitive against global peers. He also discussed the proposed 200 million rand share buyback alongside a record dividend, stressing that the company remains well-positioned to deliver shareholder returns while funding growth. Loots added that the group will move its listing from AIM to the main market of the London Stock Exchange, citing the natural evolution of the business. For more interviews and updates, visit Proactive’s YouTube channel. Don’t forget to give this video a like, subscribe to our channel, and enable notifications for future content. #Gold #Mining #PanAfricanResources #CobusLoots #Dividend #GoldProduction #MogaleTailings #EvanderMines #TennantMines #GoldPrice #ShareholderReturns #AIMtoLSE