MINING REFINING

Pan African makes first gold pour at Mogale tailings plant

Thu Oct 31 2024

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said it had successfully commissioned the Mogale Tailings Retreatment (MTR) operation with a first gold pour also completed.

Ramp-up is in progress, said the miner, with steady-state production and plant throughput of 800ktpm expected by December 2024.

Costing US$135.1 million, Pan African added the project was delivered under budget and ahead of schedule, with construction completed in only 14 months with 1,600 workers on site and zero time lost to injuries for the 1.5 million man-hours worked.

Cobus Loots, Pan African's CEO, said: "Pan African has established an enviable track record in executing world-class tailings retreatment projects.

“We are pleased to announce the successful commissioning of the MTR operation in October 2024, ahead of schedule and below budget.

“MTR is expected to supplement our current production profile by more than 50koz/yr at an AISC of approximately US$1,000/oz, with a life-of-mine of more than 20 years if we include reserves from our Soweto tailings cluster."

Source: https://www.proactiveinvestors.co.uk