Pan African Resources sees earnings almost double

published 25 January 2012

Pan African Resources, the southern Africa-focused gold and platinum producer, says earnings for the final six months of 2011 will be between 83% and 93% better than the equivalent period of 2010.

The impressive announcement has been forced on the firm by stock exchange rules which require disclosure as soon as a company is certain results will differ by 20% from a previous corresponding period.

This means earnings per share for the second six months of last year are now expected to be just under 100p, compared to 53p in 2010.