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Pan African ends year in the red

Pan African Resources’ (AIM:PAF) moved into the red in the financial year ended June 30, due to a once-off impairment charge related to the closure of Evander Mines’ underground operations and retrenchment costs.

Pan African ends year in the red Pan African ends year in the red Pan African ends year in the red Pan African ends year in the red Pan African ends year in the red

Pan African's Barberton Mines is expected to produce 80,000oz of gold in the 2019 financial year

It reported a loss after tax from continued and discontinued operations of £93.3 million (US$123.2 million), compared to a profit of £17.9 million a year ago.