{"id":200436,"date":"2025-09-08T16:38:38","date_gmt":"2025-09-08T16:38:38","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=200436"},"modified":"2025-09-09T05:06:39","modified_gmt":"2025-09-09T05:06:39","slug":"pan-african-resources-transitions-to-main-market-listing-as-gold-prices-reach-record-highs","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/pan-african-resources-transitions-to-main-market-listing-as-gold-prices-reach-record-highs\/","title":{"rendered":"Pan African Resources transitions to main market listing as gold prices reach record highs"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

Pan African Resources on Monday announced its intention to transfer its listing from the Alternative Investment Market (AIM) to the main market of the London Stock Exchange (LSE) in a bid to tap into a larger pool of investors and breathe impetus into the stock\u2019s liquidity.<\/span><\/p>\n

The shift comes at a propitious time as current elevated gold prices are proving beneficial for producers within the sector.<\/span><\/p>\n

Shares in the company surged 9.27% to R18.03 in afternoon trade on the JSE on Monday, extending the stock\u2019s 11.94% and 11.34% appreciation in the past seven and 30 days, respectively.<\/span><\/p>\n

Gold prices on Monday rose to above $3 600 per ounce, a new high for the precious metal currently viewed as a safe-haven asset. <\/span><\/p>\n

Pan African Resources and other South African gold producers have been benefiting from the higher gold price despite drawbacks from higher production costs.<\/span><\/p>\n

\u201cWe are currently befiting from the strong gold price environment which we expect will enable us to be fully de-geared (from a net debt perspective) during the course of FY26,\u201d said Cobus Loots, the Pan African Resources CEO.<\/span><\/p>\n

The company has also been on a production expansion project. It believes that the move from AIM to the main market will enable it to \u201caccess a deeper pool of capital and enhance liquidity for the group as we continue our ambitious growth\u201d <\/span>strategy.<\/span><\/p>\n

Greg Davies, head of wealth at Cratos Capital, said the switch to the London Stock Exchange main market will also \u201cenhance its corporate profile,\u201d with the transition expected to occur before the end of this year and still subject to regulatory approvals.<\/span><\/p>\n

\u201cOur proposed listing on the <\/span>m<\/span>ain <\/span>m<\/span>arket of the London Stock Exchange represents a natural continuation of<\/span> <\/span>Pan African\u2019s growth. Over the last decade, we have consistently grown both organically and through<\/span> <\/span>acquisitions whilst returning capital to our loyal shareholders<\/span>,\u201d said the company.<\/span><\/p>\n

Currently, Pan African operates high-margin, quality assets across South Africa and Australia. <\/span><\/p>\n

The company is poised to increase its annual gold production for the financial year ending 30 June 2026 to between 275 000 ounces and 292 000 ounces, marking a considerable increase of approximately 40% compared to the previous financial year\u2019s output. <\/span><\/p>\n

The production by Pan African Resources, which reports full year financials this week, <\/span> <\/span>is \u201c<\/span>completely unhedged from 1 July 2025,<\/span>\u201d with the company <\/span>able to fully benefit from the current record high gold prices.<\/span><\/p>\n

Under the move to the LSE main market, <\/span>Pan African <\/span>will not be seeking to r<\/span>aise any funds or offer any new securities<\/span>. <\/span>The proposed <\/span>a<\/span>dmission will be effected through an introduction <\/span>of the company\u2019s existing ordinary shares and will have no impact on the Company\u2019s listing on the JSE<\/span>, it explained.<\/span><\/p>\n

\u201c<\/span>For<\/span> <\/span>the avoidance of doubt, following the proposed <\/span>a<\/span>dmission, the <\/span>c<\/span>ompany will be dual primary listed on the<\/span> m<\/span>ain <\/span>m<\/span>arket and the main board of the JSE,\u201d said Pan African Resources.<\/span> <\/span><\/p>\n

\u201cAdmission is subject, among other things, to the approval by the FCA of a prospectus and the <\/span>o<\/span>rdinary <\/span>s<\/span>hares<\/span> <\/span>being admitted by the FCA to the ESCC category of the Official List and by the London Stock Exchange to<\/span> <\/span>trading on the <\/span>m<\/span>ain <\/span>m<\/span>arket.\u201d <\/span><\/p>\n

According to Loots, Pan African Resources has <\/span>diversified <\/span>its <\/span>production base from predominantly older underground mines to a more balanced portfolio of surface and underground assets<\/span>.<\/span><\/p>\n

The company s<\/span>aid<\/span> earlier that<\/span> it was positioned for improved production in the half year to June, with significant increases in production expected for FY2026.<\/span><\/p>\n

It <\/span>commissioned its Mogale Tailings Retreatment (MTR) operation ahead of schedule during the half year to December, saving some $8 million on the upfront project capital. <\/span><\/p>\n

The MTR project is a tailings re-treatment asset that will produce approximately 50 000 ounces of gold per year over a period of at least 20 years.<\/span><\/p>\n

BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Pan African Resources on Monday announced its intention to transfer its listing from the Alternative Investment Market (AIM) to the main market of the London Stock Exchange (LSE) in a bid to\u00a0tap into a larger pool of investors and breathe impetus into the stock\u2019s liquidity.The shift comes at a propitious time as current elevated gold prices are proving beneficial for producers within the sector.Shares in the company surged 9.27% to R18.03 in afternoon trade on the JSE on Monday, extending the stock\u2019s 11.94% and 11.34% appreciation in the past seven and 30 days, respectively.Gold prices on Monday rose to above $3 600 per ounce, a new high for the precious metal currently viewed as a safe-haven asset. Pan African Resources and other South African gold producers have been benefiting from the higher gold price despite drawbacks from higher production costs.\u201cWe are currently befiting from the strong gold price environment which we expect will enable us to be fully de-geared (from a net debt perspective) during the course of FY26,\u201d said Cobus Loots, the Pan African Resources CEO.The company has also been on a production expansion project. It believes that the move from AIM to the main market will enable it to \u201caccess a deeper pool of capital and enhance liquidity for the group as we continue our ambitious growth\u201d\u00a0strategy.Greg Davies, head of wealth at Cratos Capital, said the switch to the London Stock Exchange main market will also \u201cenhance its corporate profile,\u201d with the transition expected to occur before the end of this year and still subject to regulatory approvals.\u201cOur proposed listing on the\u00a0main\u00a0market of the London Stock Exchange represents a natural continuation of\u00a0Pan African\u2019s growth. Over the last decade, we have consistently grown both organically and through\u00a0acquisitions whilst returning capital to our loyal shareholders,\u201d said the company.Currently, Pan African operates high-margin, quality assets across South Africa and Australia. The company is poised to increase its annual gold production for the financial year ending 30 June 2026 to between 275 000 ounces and 292 000 ounces, marking a considerable increase of approximately 40% compared to the previous financial year\u2019s output. The production by Pan African Resources, which reports full year financials this week,\u00a0\u00a0is \u201ccompletely unhedged from 1 July 2025,\u201d with the company\u00a0able to fully benefit from the current record high gold prices.Under the move to the LSE main market,\u00a0Pan African\u00a0will not be seeking to raise any funds or offer any new securities.\u00a0The proposed\u00a0admission will be effected through an introduction\u00a0of the company\u2019s existing ordinary shares and will have no impact on the Company\u2019s listing on the JSE, it explained.\u201cFor\u00a0the avoidance of doubt, following the proposed\u00a0admission, the\u00a0company will be dual primary listed on the\u00a0main\u00a0market and the main board of the JSE,\u201d said Pan African Resources.\u00a0\u201cAdmission is subject, among other things, to the approval by the FCA of a prospectus and the\u00a0ordinary\u00a0shares\u00a0being admitted by the FCA to the ESCC category of the Official List and by the London Stock Exchange to\u00a0trading on the\u00a0main\u00a0market.\u201d\u00a0According to Loots, Pan African Resources has\u00a0diversified\u00a0its\u00a0production base from predominantly older\u00a0underground mines to a more balanced portfolio of surface and underground assets.The company said\u00a0earlier that\u00a0it was positioned for improved production in the half year to June, with significant increases in production expected for FY2026.It\u00a0commissioned its Mogale Tailings Retreatment (MTR) operation ahead of schedule during the half year to December, saving some $8 million on the upfront project capital. The MTR project is a tailings re-treatment asset that will produce approximately 50 000 ounces of gold per year over a period of at least 20 years.BUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":200438,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-200436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/200436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=200436"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/200436\/revisions"}],"predecessor-version":[{"id":200437,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/200436\/revisions\/200437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/200438"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=200436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=200436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=200436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}