Mining News

Pan African launches R50m share buyback programme

South African gold producer Pan African Resources has started a programme to buy back up to R50-million, or about £2.6-million, of shares in the company. The JSE- and LSE-listed miner’s board believes that, at the current price, the company’s shares offer significant value given the quality and profitability of its existing operations and growth projects. The board has, therefore, taken the decision to implement a share buyback programme as part of the company’s broader strategy to deliver value to its shareholders.

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