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Pan African - Gold Mine For Investors

Company background

Pan African Resources (OTC:PAFRF) is a South African-based precious metals mining group, which produces c. 200,000oz of gold and c. 12,000oz of platinum per annum. Company was established in 2005, but did not start material operations till 2007, when it acquired Barberton Mines (with further minority stake bought out in 2009). In 2013, Pan African doubled its production by acquiring Evander Mines in 2013.

Company's strategic focus is on the exploitation of high-grade ore-bodies that yield high margins with a low cash cost base. All of Pan African properties (Barberton, Evander and Phoenix, brief info on assets can be found here) are in full production. The Group is currently unhedged, and is able to fund

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