Pan African Resources (LSE:PAF) said it expects earnings per share to increase by between 141% and 151% for the year ended 30 June 2026 compared with the previous financial year.
Headline earnings per share are expected to rise by approximately 195% to 205% year on year.
The company reported an average gold price received of US$4,235 per ounce for the period, an increase of 54.8% from 2025. Gold sales increased by 38.3% to 272,373 ounces.
Pan African Resources said it remains on track to meet its full-year all-in sustaining cost guidance of US$1,870 per ounce.
The company also reported an exceptional US$40 million increase in share-based payment liabilities associated with the increase in its share price.
For the 2027 financial year, Pan African Resources expects gold production of between 280,000 and 302,000 ounces, representing an increase from the volume sold during FY2026. The company said the projected increase is expected to be driven largely by production from Tennant Mines.
More about Pan African Resources
Pan African Resources is a precious metals producer with operations in South Africa and Australia, primarily focused on gold mining and sales.
The group is listed in London, Johannesburg and on the ASX. It reports its financial results in US dollars, while its mining operations incur costs in rand and Australian dollars, resulting in exposure to movements in those currencies.
Its portfolio includes Tennant Mines, which the company expects to contribute to its projected increase in production during the 2027 financial year.
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