Pan African Resources CEO on record H1 performance on soaring gold price and production

Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) CEO Cobus Loots talked with Proactive's Stephen Gunnion about the company’s record first-half performance, reporting profits of US$147.8 million alongside a 51% increase in gold production. Loots said the gold price provided support, though the company achieved strong results even while receiving an average gold price below spot. He highlighted that production growth was the major catalyst, driven by a full period of output from MTR and contributio ...