Pan African misses gold guidance but slashes net debt

Pan African misses gold guidance but slashes net debt

PAN African Resources said on Wednesday gold production for its 2025 financial year would slip below guidance while costs would be higher owing to delays at its Evander underground project in South Africa and at Nobles, a newly acquired Australian mine where ramp up was slower-than-expected. Production for the year ended June would be 197,000 ounces, higher than last year’s 186,039 oz but off guidance of 205,000oz to 215,000 oz. Consequently, al…