Pan African poised for growth, proposes R185m final dividend

Precious metals mining company Pan African, which on Wednesday proposed a R185-million final dividend, reports that it is poised for growth as remedial action regarding its operational challenges in the 12 months to June 30 delivers expected results. The London- and Johannesburg-listed company, which reported a production decrease of 15.4% to 173 285 oz in its 2017 financial year, is looking forward to a much-improved performance from its Evander Mines in the 2018 financial year, when a substantial increase in gold production is expected.