Commodities
Pan African Resources Soars on Record Gold Production and Revenue Growth
South African gold miner Pan African Resources delivered its strongest financial year on record in FY26, with record gold production and higher gold prices driving a 114% revenue surge.
The company's shares jumped 5.6% to R26.77, making the R30 level a major psychological target for investors assessing whether this performance can be sustained.
Record production of 272,310 ounces was achieved, up 39% from FY25, while revenue rose to US$1.16 billion, driven by higher gold prices and increased output.