Update: A year of two halves
In compliance with paragraph 3.4(b) of the listings requirements of the JSE, Pan African has announced that its EPS and headline EPS (HEPS) for H114 (denominated in sterling) will be 63-83% lower than the 0.95p reported in the prior period (H113), at 0.16-0.35p per share. In part this is a function of the continuation of the low-grade mining cycle at Evander and the weak gold price. However, it also includes a number of days of lost production as a result of Section 54 notices issued at Barberton and Evander, the effect of the contamination of Barberton’s Biox plant with oil and the effect of continued load shedding by South Africa’s electricity utility.
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