Pan African Resources acquires Evander Gold Mines from Harmony

Precious metals producer Pan African Resources' has fulfilled the remaining conditions necesary to undertake an unconditional acquisition of Evander Gold Mines from Harmony Gold Mining.

Precious metals producer Pan African Resources' has fulfilled the remaining conditions necesary to undertake an unconditional acquisition of Evander Gold Mines from Harmony Gold Mining.

Nelson: Evander is "world-class ore-body"Jan Nelson, Chief Executive Officer of Pan African Resources, commented: "We are delighted to finally take full control of Evander - a world class ore-body and exceptional team of people will ensure that Pan African continues to deliver profitable, sustainable stakeholder growth. In addition to the 100,000 ounces of annual gold production, Evander also provides Pan African with a project pipeline that provides for significant growth possibilities and flexibility."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.