Pan African Resources falls as production costs exceed outlook

Pan African Resources

10/09/2025 09:24

** Pan African Resources PAFR.L falls 3% to 74.6p

** Gold miner reports FY all-in sustaining costs (AISC) of $1,600/oz above outlook of between $1,525-$1,575/oz

** Attributes AISC growth to rise in unit cost of production at underground operations, inflationary rises in electricity

** FY net debt climbs to $150.5 mln from year-ago $106.4 mln

** Co expects FY26 production of 275,000oz-292,000oz vs 196,527 oz in FY25

** Up to last close, PAFR gains 12.6% this year

 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com; +919920570373;))