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Mining company Pan African Resources Plc (PAFR.L), which produces about 100,000 ounces of gold a year and is unhedged, reported that the company expects its earnings to more than double in the year to end June.
Mining company Pan African Resources Plc (PAFR.L), which produces about 100,000 ounces of gold a year and is unhedged, reported that the company expects its earnings to more than double in the year to end June.
The press release is quoted as saying:
Earnings per share (EPS) for the year in pounds is expected to rise between 148-158 percent from 0.4 pence ($0.6) per share while EPS in South African rand is anticipated to have grown between 106-116 percent.