Pan African looks forward to improved 2016 performance, buys coal mine

Following an “extremely challenging” 2015 financial year, precious metals miner Pan African Resources expects to deliver an improved performance in the 2016 financial year. The company announced late on Monday that it expects its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year to June 30, to be between 40% and 60% lower than the 24.74c reported for the 2014 financial year.