Pan African Resources' Barberton Mines. Full year production for 2026 is expected to be about 72,000 ounces from 68,550 ounces in 2025, an increase of 5%.
Pan African Resources has reached its record gold production target, ahead of its financial year to June 30, by increasing gold output by some 40% year-on-year, CEO Cobus Loots said Monday.
He said in an operational update that annual gold production is expected to increase by 40% to about 275,000 ounces, in line with the lower end of the 2026 financial year production guidance of 275,000 ounces to 292,000 ounces.
Second half gold production had increased materially to 147,000 ounces from 128,296 ounces in the first quarter.
“Our very robust financial position will allow us to continue our considered growth trajectory, executing initiatives to expand annual gold output to 300,000 ounces and beyond, while also further increasing cash returned to shareholders,” said Loots.
