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Pan African says to report at least 80% increase in interim HEPS

8th February 2021

By: Marleny Arnoldi

Online News Editor

     

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JSE- and Aim-listed Pan African Resources expects its headline earnings per share (HEPS) for the six months ended December 31, 2020, to be between 80% and 92% higher year-on-year at between $0.0205 and $0.0217 apiece.

This compares with HEPS of $0.0114 apiece reported for the six months ended December 31, 2019.

The gold miner, with operations in South Africa, attributes the higher earnings to a 38.4% increase in gold revenue to $183-million, owing to a 27% increase in the average gold price achieved to $1 865/oz and 8.6% higher gold sales at 98 386 oz.

Pan African will release its interim results on or about February 16.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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