Pan African Stocks Rise, Lonmin Recovers Slightly

Mining Weekly reported as South Africa stocks dropped on Wednesday, Pan African Resources (LSE:PAF) rose and Lonmin (LSE:LMI) regained some its losses earlier this week.

As quoted in the market news:

Pan African Resources’ shares rose 2.27% to R2.24 after the firm said its full-year profit likely rose 82% to 92% in rand terms. The Africa-focused precious metals miner runs mines in South Africa and Mozambique.

Johannesburg shares of Lonmin Plc recovered from a string of steep losses to add 0.34% to R84.80.

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