Description

Pan African Resources Plc is an African-focused mid-tier gold producer. It is dual primary listed on the AIM of the LSE (ticker: PAF) and the main board of the JSE (ticker: PAN) as well as the A2X Market (A2X). Their shares also trade on the OTCQX Best Market (OTCQX) in the United States of America (USA) through a Level 1 American Depository Receipt (ADR) programme.

The company’s strategic focus is on the exploitation of high-grade ore-bodies that yield high margins with a relatively low cost base. They own and operate a portfolio of high-quality, low-cost operations and projects, which are located in South Africa. Their production capacity is in excess of 200,000oz of gold per annual.

They have succeeded in maintaining their gold production levels while simultaneously lowering all-in-sustaining costs (AISC) for improved operating margins They have a capital-efficient, optimally run portfolio of African mines geared for exceptional investment returns.

Their flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.

They are committed to creating value for their stakeholders by positioning Pan African as a sustainable, safe, high-margin and long-life gold producer, with an unrelenting commitment to causing zero harm. They also have an industry-leading safety record.

Dawn Earp:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Thabo Mosololi:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Charles Needham:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Yvonne Themba:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Cobus Loots:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Keith Spencer:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Marileen Kok:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No

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5 Benchmark > 4 Excellent > 3  Good > 2 Caution > 1 Risk

 

 

 

JSE
GB0004300496
LON
GB0004300496

 

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Shareholders holding 5% +


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Material Subsidiaries/Associates


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Countries Operations/ Offices


 

Company Directors

Name
Nationality
Age
Role
Qualification
Name

Dawn

Non Executive
NationalitySouth Africa
RoleNED
QualificationBCom, BAcc, CA(SA)
Date Appointed: 21/09/2021
Duration:
4 years and 5 months
Independance: Y
Name

Thabo

Non Executive
NationalitySouth Africa
53
RoleNED
QualificationBCom (Hons), CA(SA)
Date Appointed: 09/12/2013
Duration:
12 years and 3 months
Independance: N
Name

Charles

Non Executive
NationalitySouth Africa
RoleNED
QualificationDip in Mining Taxation
Date Appointed: 17/07/2019
Duration:
6 years and 7 months
Independance: Y
Name

Yvonne

Non Executive
NationalitySouth Africa
RoleNED
QualificationBA, MBA
Date Appointed: 17/07/2019
Duration:
6 years and 7 months
Independance: Y
Name

Cobus

Executive
NationalitySouth Africa
RoleCEO
QualificationCA(SA), CFA
Date Appointed: 26/08/2009
Duration:
16 years and 6 months
Independance: N
Name

Keith

Non Executive
NationalitySouth Africa
74
RoleIndependent Director
QualificationBSc Eng (Mining)
Date Appointed: 08/10/2007
Duration:
18 years and 5 months
Independance: N
Name

Marileen

Executive
NationalitySouth Africa
42
RoleED
QualificationCA(SA)
Date Appointed: 01/10/2024
Duration:
1 year and 5 months
Independance: Y

 

Directors Tenure

Name
Duration
Name

Dawn Earp

Duration4 years and 5 months
Name

Thabo Mosololi

Duration12 years and 3 months
Name

Charles Needham

Duration6 years and 7 months
Name

Yvonne Themba

Duration6 years and 7 months
Name

Cobus Loots

Duration16 years and 6 months
Name

Keith Spencer

Duration18 years and 5 months
Name

Marileen Kok

Duration1 year and 5 months

 

Director Experience

Name
Experience
Name

Dawn

Experience Financial Services, Mining and Metals, Retail
Name

Thabo

Experience Financial Services, Investment, Retail
Name

Charles

Experience Financial Services, Pharmaceutical, Mining and Metals
Name

Yvonne

Experience Mining and Metals, Freight Transportation, Software and IT
Name

Cobus

Experience Financial Services, Mining and Metals, Business Services
Name

Keith

Experience Mining and Metals, Business Services
Name

Marileen

Experience Financial Services

 

Company Auditors

Name
Date Appointed
Years
Name

PwC

Date Appointed30/06/2019
Year6 years and 9 months

 

Company Past Directors

Name
ED/NED
Role
Name

Deon

ED/NEDExecutive
RoleCFO
Date Appointed: 01/03/2015
Date Resigned: 30/09/2024

 

Company Committees

Name

Dawn Earp

Mainboard, Audit, Remuneration BD, AU, RC, NG, OT
Name

Thabo Mosololi

Mainboard, Audit, Remuneration BD, AU, RC, RE, NG, SE
Name

Charles Needham

Mainboard, Audit, Remuneration BD, AU, RC, RE, NG
Name

Yvonne Themba

Mainboard, Audit, Remuneration BD, RE, NG, SE
Name

Cobus Loots

Mainboard, Audit, Remuneration BD, OT
Name

Keith Spencer

Mainboard, Audit, Remuneration BD, NG, OT
Name

Marileen Kok

Mainboard, Audit, Remuneration BD, SE

 

Committee
Abbreviation
Supervisory Board
SB
Board
BD
Risk & Compliance
RC
Audit
AU
Remuneration
RE
Capital investment
CI
Industry Specific
IS
Nominations & Governance
NG
Health, Safety & Environment
HS
Social & Ethics
SE
Technology
TE
Executive
EX
Other
OT