Pan African Resources expects interim earnings boosts on higher volumes and gold prices

Wed Feb 11 2026

Pan African Resources PLC has told investors it is expecting a steep rise in half-year earnings after a strong lift in both realised gold prices and production volumes. New guidance today points to interim earnings per share (EPS) of 7.18–7.43 US cents and HEPS of 7.28–7.40 US cents for the six months to 31 December 2025.

That compares with EPS of 2.50 cents (restated) and HEPS of 1.20 cents in the prior corresponding period, with the company citing a 157.3% increase in revenue as the main driver. It noted its average realised US dollar gold price rose 61.6% to US$3,812/oz, while gold produced increased 51.5% to 128,296oz.

Pan African said it expects output to lift again in the second half of the financial year, largely on higher production from the MTR expansion project and Tennant Mines, and it reiterated full-year production guidance of 275,000–292,000oz. The group’s full interim results are due on 18 February 2026.

Source: https://www.proactiveinvestors.co.uk/