Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

Pan African Resources Plc

www: www.panafricanresources.com   email: ecoetzee@paf.co.za
Category: Mid-tier Producer
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 mid-tier producer with two producing mines in South Africa and one mine in development in South Africa. Currently they produce roughly 170koz. of gold per year. They have approximately 30Moz. of gold in the reserves and resources category of which 20Moz. are in the measured and indicated category. They have a market capitalisation of ~£511.85M which is a rise of roughly 53% over the last ten months. As of 09/21/2019 they have ~£171M debt and ~£7.5M cash. They have 2,235M 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 09/21/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $335.32M $511.85M 09/21/2019 $176.53M
Total Assets: $613.66M $612.20M 09/21/2019 $-1.46M
Total Liabilities: $313.09M $312.35M 09/21/2019 $-0.75M
Current Assets: $46.34M $46.23M 09/21/2019 $-0.11M
Current Liabilities: $100.19M $99.95M 09/21/2019 $-0.24M
Total Debt: $171.57M $171.17M 09/21/2019 $-0.41M
Cash: $7.51M $7.50M 09/21/2019 $-0.02M
Enterprise Value: $499.38M $675.52M 05/29/1991 $176.14M
Cash Flow: $37.62M $69.76M never $32.14M
Cash Flow Multiple: 8.91 7.34 never -1.58
Net Debt to
Cash Flow Ratio:		 4.36 2.35 never -2.02
Finance within 1 year: 09/21/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 09/21/2019 0.00%
Misc 09/21/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 2,234,687,000 2,234,687,000 09/21/2019 0
Shares (FD): 2,238,687,000 2,238,687,000 09/21/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 09/21/2019 n/a
Production (Gold Eq Oz.): (guess) 
170,000		 (guess) 
170,000		 09/21/2019 0
Production (Silver Eq Oz.): (guess) 
14,326,681		 (guess) 
16,711,833		 09/21/2019 2,385,151
Initial CapEx (Outstanding): n/a n/a 09/21/2019 n/a
Funding Option: n/a n/a 09/21/2019 n/a
Documentation: none PRODUCER 01/25/2020 n/a
Value Adjustment: -50% -50% never 0%

Resource Data

GOLD 09/21/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 10.00M 10.00M 09/21/2019 0.00M
Measured & Indicated: 20.00M 20.00M 09/21/2019 0.00M
Inferred: 10.00M 10.00M 09/21/2019 0.00M
Reserves & Resources: 30.00M 30.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 9.00M 9.00M 09/21/2019 0.00M
Measured & Indicated: 16.20M 16.20M 09/21/2019 0.00M
Inferred: 4.50M 4.50M 09/21/2019 0.00M
Reserves & Resources: 20.70M 20.70M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
170,000oz.		 (guess) 
170,000oz.		 09/21/2019 0oz.
Cash Cost: $900 $900 09/21/2019 $0.00
Extra Operating Cost: $300 $300 09/21/2019 $0.00
Average Grade: 3.50 g/t 3.50 g/t 09/21/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 01/25/2020 0.00%
F
U
T
U
R
E		 Proven & Probable: 20.00M 20.00M 09/21/2019 0.00M
Annual Production: 250,000oz. 250,000oz. 09/21/2019 0oz.
Cash Cost: $900 $900 09/21/2019 $0
Extra Operating Cost: $350 $350 09/21/2019 $0
SILVER 09/21/2019
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 09/21/2019 0.00M
Measured & Indicated: n/a n/a 09/21/2019 0.00M
Inferred: n/a n/a 09/21/2019 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 09/21/2019 0.00M
Measured & Indicated: n/a n/a 09/21/2019 0.00M
Inferred: n/a n/a 09/21/2019 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 09/21/2019 $0.00
Extra Operating Cost: n/a n/a 09/21/2019 $0.00
Average Grade: n/a n/a 09/21/2019 n/a
Recovery Rate: n/a n/a 09/21/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/21/2019 0.00M
Annual Production: n/a n/a 09/21/2019 n/a
Cash Cost: n/a n/a 09/21/2019 n/a
Extra Operating Cost: n/a n/a 09/21/2019 n/a

Property

Last Analysis Data  (09/21/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Barberton 100% (guess) 7,000 Underground show
3 million oz deposit.

115,000 oz per year.
Production South Africa Evander 100% (guess) n/a Underground show
28 million oz deposit.

100,00 oz per year.
Development South Africa, South Africa Elikhulu 100% (guess) n/a Open Pit show
Annual Production of 50,000 oz beginning in 2018.
Total Land Package Size (ha): 7,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Barberton 100% (guess) 7,000 Underground show
3 million oz deposit.

115,000 oz per year.
Production South Africa Evander 100% (guess) n/a Underground show
28 million oz deposit.

100,00 oz per year.
Development South Africa, South Africa Elikhulu 100% (guess) n/a Open Pit show
Annual Production of 50,000 oz beginning in 2018.
Total Land Package Size (ha): 7,000  

Profitability (by resource)

Proven &
Probable		 09/21/2019
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.): 10.00M 10.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 140.30M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 9.00M 9.00M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 126.27M
Maximum Profit (Gold): $995.72M $1,846.53M n/a $850.82M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $995.72M $1,846.53M n/a $850.82M
Max Profit / Current MCap: 2.969 3.608 n/a 0.638
Max Profit Per Share (Gold): $0.44 $0.82 n/a $0.38
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.44 $0.82 n/a $0.38
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $37.26 $56.87 n/a $19.61
FD Mkt. Cap / Silver Eq.: $0.44 $0.58 n/a $0.14
FD Mkt. Cap / Per Metal
as % Spot Price:		 2.46% 3.18% n/a 0.73%
Measured &
Indicated		 09/21/2019
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.): 20.00M 20.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 280.61M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 16.20M 16.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 227.29M
Maximum Profit (Gold): $1,792.29M $3,323.75M n/a $1,531.47M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,792.29M $3,323.75M n/a $1,531.47M
Max Profit / Current MCap: 5.345 6.494 n/a 1.149
Max Profit Per Share (Gold): $0.80 $1.48 n/a $0.68
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.80 $1.48 n/a $0.68
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $20.70 $31.60 n/a $10.90
FD Mkt. Cap / Silver Eq.: $0.25 $0.32 n/a $0.08
FD Mkt. Cap / Per Metal
as % Spot Price:		 1.37% 1.77% n/a 0.40%

Reserves &
Resources		 09/21/2019
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.): 30.00M 30.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 420.91M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 20.70M 20.70M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 290.43M
Maximum Profit (Gold): $2,290.14M $4,247.02M n/a $1,956.87M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,290.14M $4,247.02M n/a $1,956.87M
Max Profit / Current MCap: 6.830 8.297 n/a 1.468
Max Profit Per Share (Gold): $1.02 $1.90 n/a $0.87
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.02 $1.90 n/a $0.87
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $16.20 $24.73 n/a $8.53
FD Mkt. Cap / Silver Eq.: $0.19 $0.25 n/a $0.06
FD Mkt. Cap / Per Metal
as % Spot Price:		 1.07% 1.38% n/a 0.32%

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.     ×
Register for a FREE account
  • Get Don's "Guide to valuing mining stocks", which features as a chapter in his book.
  • Set up stock alerts
  • Join our mailing list (Don's thoughts)*
  • Try out searching, portfolios and other paid features.
* Average email frequency will be no more than 2-3 times per week
Processing

Thank you for registering!

We have sent you an email to verify your address. Please click the link or paste it into your web browser to confirm your subscription and receive your free chapter.