Subscribe Now   -   Standard: only $199 per year   or   Premium: only $299 per year  -   Click Here

Pan African Resources Plc

www: www.panafricanresources.com   email: ecoetzee@paf.co.za
Category: Emerging Major
Rating & Risk: Login to view
Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
LON:PAF GBX

Description

Pan African Resources Plc are a gold focused emerging major with three producing mines in Australia and South Africa. Currently they produce roughly 275koz. of gold per year. They have approximately 40Moz. of gold in the reserves and resources category of which 25Moz. are in the measured and indicated category. They have a market capitalisation of ~$3071.23M which is a fall of roughly 1% over the last four weeks. As of 09/30/2025 they have ~$150M debt and ~$49M cash. They have 2,334M shares outstanding and trade on the London Stock Exchange.

Login or Subscribe to access Don's Summary
Alert me when stock is updated

General Details

Financial 09/30/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $3,103.82M $3,071.23M 09/30/2025 $-32.59M
MCap (OS): $2,745.10M $2,716.28M 09/30/2025 $-28.82M
Total Assets: $1,000.00M $1,000.00M 09/30/2025 $0.00M
Total Liabilities: $458.00M $458.00M 09/30/2025 $0.00M
Current Assets: $50.00M $50.00M 09/30/2025 $0.00M
Current Liabilities: $63.00M $63.00M 09/30/2025 $0.00M
Total Debt: $150.00M $150.00M 09/30/2025 $0.00M
Cash: $49.00M $49.00M 09/30/2025 $0.00M
Debt (Net): $101.00M $101.00M $0.00M
Enterprise Value: $3,204.82M $3,172.23M 07/10/2070 $-32.59M
Cash Flow: $567.31M $634.43M never $67.12M
Cash Flow Multiple: 5.47 4.84 never -0.63
Net Debt to
Cash Flow Ratio:		 0.18 0.16 never -0.02
Finance within 1 year: 09/30/2025 n/a
Misc 09/30/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 2,334,000,000 2,334,000,000 09/30/2025 0
Shares (FD): 2,639,000,000 2,639,000,000 09/30/2025 0
Insider Ownership: n/a n/a 09/30/2025 n/a
Dividend (Annual): 1.79% 1.8% 09/30/2025 0.01
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a n/a 09/30/2025 n/a
Production (Gold Eq Oz.): (guess) 
275,000		 (guess) 
275,000		 09/30/2025 0
Production (Silver Eq Oz.): (guess) 
22,597,442		 (guess) 
23,451,630		 09/30/2025 854,188
Development Phase: Producer (Single Mine) Producer (Single Mine) 09/30/2025 n/a
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 15
Producer: Average
 15
Producer: Average
 09/30/2025 0
Cash Flow Multiple: 9 9 09/30/2025 0.00

Resource Data

GOLD 09/30/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 12.00M 12.00M 09/30/2025 0.00M
Measured & Indicated: 25.00M 25.00M 09/30/2025 0.00M
Inferred: 15.00M 15.00M 09/30/2025 0.00M
Reserves & Resources: 40.00M 40.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 10.80M 10.80M 09/30/2025 0.00M
Measured & Indicated: 20.16M 20.16M 09/30/2025 0.00M
Inferred: 6.75M 6.75M 09/30/2025 0.00M
Reserves & Resources: 26.91M 26.91M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
275,000oz.		 (guess) 
275,000oz.		 09/30/2025 0oz.
Cash Cost: $1,200 $1,200 09/30/2025 $0.00
Extra Operating Cost: $600 $600 09/30/2025 $0.00
Total: $1,800 $1,800 09/30/2025 $0.00
Margin (Free Cash Flow): $2,063 (53%) $2,307 (56%) $244.09
MCap / Production (AuEq): $11,286.61 $11,168.11 $-118.50
EV / Production (AuEq): $11,653.88 $11,535.39 $-118.50
G
R
A
D
E		 Underground (Avg): 6.00 g/t 6.00 g/t 09/30/2025 n/a
Open Pit (Avg): n/a 0.50 g/t 09/30/2025 0.50 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/30/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: 20.00M 20.00M 09/30/2025 0.00M
Annual Production: 350,000oz. 350,000oz. 09/30/2025 0oz.
Cash Cost: $1,200 $1,200 09/30/2025 $0
Extra Operating Cost: $700 $700 09/30/2025 $0
SILVER 09/30/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 09/30/2025 0.00M
Measured & Indicated: n/a n/a 09/30/2025 0.00M
Inferred: n/a n/a 09/30/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 09/30/2025 0.00M
Measured & Indicated: n/a n/a 09/30/2025 0.00M
Inferred: n/a n/a 09/30/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 09/30/2025 $0.00
Extra Operating Cost: n/a n/a 09/30/2025 $0.00
Total: n/a n/a 09/30/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $137.35 $130.96 $-6.39
EV / Production (AgEq): $141.82 $135.27 $-6.56
G
R
A
D
E		 Underground (Avg): n/a n/a 09/30/2025 n/a
Open Pit (Avg): n/a n/a 09/30/2025 n/a
Recovery Rate: n/a n/a 09/30/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/30/2025 0.00M
Annual Production: n/a n/a 09/30/2025 n/a
Cash Cost: n/a n/a 09/30/2025 n/a
Extra Operating Cost: n/a n/a 09/30/2025 n/a

Property

Last Analysis Data  (09/30/2025)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Tennant
100 show
Annual Production of 50,000 oz.
Prod Barberton
100 show
3 million oz deposit.

115,000 oz per year.

Size: 7,000 ha
Prod Evander
100 show
28 million oz deposit.

100,00 oz per year.
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Tennant
100 show
Annual Production of 50,000 oz.
Prod Barberton
100 show
3 million oz deposit.

115,000 oz per year.

Size: 7,000 ha
Prod Evander
100 show
28 million oz deposit.

100,00 oz per year.

Profitability (by resource)

Proven &
Probable		 09/30/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 12.00M 12.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 37.27M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 10.80M 10.80M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 33.55M
Maximum Profit (Gold): $22,279.64M $24,915.82M n/a $2,636.17M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $22,279.64M $24,915.82M n/a $2,636.17M
Max Profit / Current MCap: 7.178 8.113 n/a 0.935
Max Profit Per Share (Gold): $8.44 $9.44 n/a $1.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $8.44 $9.44 n/a $1.00
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $287.39 $284.37 n/a $-3.02
FD MCap / Silver Eq.: $3.50 $3.33 n/a $-0.16
FD MCap / Per Metal
as % Spot Price:		 7.44% 6.92% n/a -0.52%
EV / Gold Eq.: $296.74 $293.73 n/a $-3.02
EV / Silver Eq.: $3.61 $3.44 n/a $-0.17
EV / Per Metal
as % Spot Price:		 7.68% 7.15% n/a -0.53%
Measured &
Indicated		 09/30/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 25.00M 25.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 77.65M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 20.16M 20.16M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 62.62M
Maximum Profit (Gold): $41,588.67M $46,509.52M n/a $4,920.85M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $41,588.67M $46,509.52M n/a $4,920.85M
Max Profit / Current MCap: 13.399 15.144 n/a 1.744
Max Profit Per Share (Gold): $15.76 $17.62 n/a $1.86
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $15.76 $17.62 n/a $1.86
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $153.96 $152.34 n/a $-1.62
FD MCap / Silver Eq.: $1.87 $1.79 n/a $-0.09
FD MCap / Per Metal
as % Spot Price:		 3.99% 3.71% n/a -0.28%
EV / Gold Eq.: $158.97 $157.35 n/a $-1.62
EV / Silver Eq.: $1.93 $1.85 n/a $-0.09
EV / Per Metal
as % Spot Price:		 4.12% 3.83% n/a -0.28%

Reserves &
Resources		 09/30/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 40.00M 40.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 124.25M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 26.91M 26.91M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 83.59M
Maximum Profit (Gold): $55,513.45M $62,081.91M n/a $6,568.46M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $55,513.45M $62,081.91M n/a $6,568.46M
Max Profit / Current MCap: 17.886 20.214 n/a 2.328
Max Profit Per Share (Gold): $21.04 $23.52 n/a $2.49
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $21.04 $23.52 n/a $2.49
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $115.34 $114.13 n/a $-1.21
FD MCap / Silver Eq.: $1.40 $1.34 n/a $-0.07
FD MCap / Per Metal
as % Spot Price:		 2.99% 2.78% n/a -0.21%
EV / Gold Eq.: $119.09 $117.88 n/a $-1.21
EV / Silver Eq.: $1.45 $1.38 n/a $-0.07
EV / Per Metal
as % Spot Price:		 3.08% 2.87% n/a -0.21%

Future Valuation (Cash Flow & Totals)

Login to view

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×