Pan African content with surface to underground gold mix

September 18, 2017

Miningmx / 15 September 2017 / Natalie Greve 


A TOUGH operational year that saw gold production by Pan African Resources (Panaf) retreat by 4.4% to 173 000 oz has seemingly driven a re-evaluation of CEO Cobus Loots’ plans to migrate away from higher-cost underground gold mining towards more easily accessible surface resources.


After telling Miningmx in May that he thought the miner was “not likely to acquire any further deep-level South African mines”, the company head now appears less opposed to a more equitable underground-surface mining mix