Analyst Edison Investment Research has increased its valuation of South African gold miner Pan African Resources to $0.48 a share, from $0.41 previously. London- and Johannesburg-listed Pan African earlier this month announced that it had revised its 2024 full-year production guidance to between 186 000 oz and 190 000 oz, compared with previous guidance of 180 000 oz to 190 000 oz, owing to it having ceased the processing of marginal surface sources at Evander Gold Mines.
Gold mining company Pan African on Wednesday announced that it had entered into a conditional agreement to acquire Blyvoor Gold Operations for R110-million from Peter Skeat's Blyvoor Gold. The transaction takes in six tailings dumps containing more than 1.4-million ounces of gold, the company stated in a media release to Mining Weekly.