Pan African Resources CEO discusses FY24 achievements and future plans

Proactive - Interviews for investors

Pan African Resources PLC CEO Cobus Loots takes Proactive's Stephen Gunnion through the highlights of the company's operational update for the year to 30 June 2024. Loots highlighted the company's operational successes over the past year, including meeting production and cost guidance, improved safety, and the upcoming commissioning of the Mintails operation in South Africa. Loots elaborated on the performance of the surface tailings at Elikhulu and BTRP, noting their status as some of the lowest-cost gold producers in Africa with a promising lifespan. He also discussed the progress of the Mogale Tailings Retreatment Project, which is ahead of schedule and under budget, with first gold production expected by October and full operation by December. The conversation covered the significant capital investments in the Evander underground operation and the anticipated benefits of the new ventilation shaft and hoisting system. Additionally, Loots talked about the company's advancements in renewable energy projects, including the completion of the Fairview mine solar plant and ongoing feasibility studies for expansions at Mogale and Evander. Loots shared the company's cost-saving strategies, particularly in response to rising utility costs, and expressed optimism about the gold market and Pan African Resources' position within it. He emphasised the company's commitment to safety, operational optimisation, and the positive impact of their projects on local communities and the environment. For more insightful interviews and updates, visit Proactive's YouTube channel. Don't forget to like this video, subscribe to our channel, and enable notifications for future content. #PanAfricanResources #GoldProduction #MiningUpdates #RenewableEnergy #CobusLoots #Mintails #Elikhulu #BTRP #GoldMarket #OperationalExcellence #SustainableMining #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews