Pan African Resources projects a 40% increase in gold output for fiscal year 2026. Production is expected to reach at least 275,000 ounces. The flagship Mintails Tailings Retreatment project and the newly commissioned Tennant Mines in Australia will drive this growth. The company reported production of nearly 200,000 ounces for FY25.
The company proposed an 80% dividend increase supported by a strong balance sheet. Pan African remains fully unhedged to provide investors full exposure to gold price movements. Management is also planning a move to the London Stock Exchange's main market to attract a broader investor base.