Pan African Resources PLC traded at 2,866.00 this Monday February 2nd, decreasing 56.00 or 1.92 percent since the previous trading session. Looking back, over the last four weeks, Pan African Resources lost 7.42 percent. Over the last 12 months, its price rose by 199.16 percent. Looking ahead, we forecast Pan African Resources PLC to be priced at 2,863.85 by the end of this quarter and at 2,696.26 in one year, according to Trading Economics global macro models projections and analysts expectations.
Pan African Resources PLC is a United Kingdom-based gold producer. The Company’s principal activities include commodity mining and exploration activities. The Company owns and operates a portfolio of operations and projects which are located in South Africa. The Company’s segments include Barberton Mines, Evander Mines, and the MTR project. Barberton Mines includes the Barberton Tailings Retreatment Plant (BTRP) located in Barberton. The Evander Mines segment includes (the Elikhulu Tailings Retreatment Plant (Elikhulu), the underground 8 Shaft pillar, 24, 25 and 26 level project, Egoli project and surface sources) located in Evander. The MTR project segment includes the MTR project, which is located in Mogale district. It also includes a plant which is being constructed to process gold tailings deposits of Mogale Gold and Mintails SA Soweto Cluster (MSC). These segments are engaged in the mining, extraction, production and the sale of gold.