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The long-term gold price is the imponderable in assessing its Tennant deal, but so far the signs have been good
28 November 2024 – 05:00
by David McKay
It’s been a breakout year for Pan African Resources, the Joburg- and London-listed gold miner. Its share cruised to a new record high last month, but according to several banks, the stock remains undervalued.
In October Pan African completed the Mintails project, in which gold from dumps west of Joburg will be re-mined, adding about 50,000oz a year to the 186,000oz a year output of its 2024 financial year. Mintails came in under budget — at about $135.1m — and ahead of schedule by a month…
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