Johannesburg - Pan African Resources [JSE:PAN], a precious metals producer operating in South Africa and Mozambique, on Monday reported a 12.15% increase in its headline earnings per share after the gold price moved higher.
The company, which is listed on the JSE and AIM, reported headline earnings of 1.20p per share for the year to end June 2011 from 1.07p the previous year.
Gross revenue for gold sales increased by 15.62% to £79.2m from £68.5m in the year to end June 2010 despite gold decreasing by 6.01% to 92 197oz, mainly due to a reduction in tonnes mined at Barberton.
The company, which is listed on the JSE and AIM, reported headline earnings of 1.20p per share for the year to end June 2011 from 1.07p the previous year.
Gross revenue for gold sales increased by 15.62% to £79.2m from £68.5m in the year to end June 2010 despite gold decreasing by 6.01% to 92 197oz, mainly due to a reduction in tonnes mined at Barberton.