|
|
Article: South Africa: Pan African Resources says Barberton Mines operating in line with own view.
- Article from:
- TendersInfo
- Article date:
- June 12, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: pinto03
Pan African Resources Plc. said Barberton Mines in South Africa have continued to operate in line with management expectations.
The gold miner and explorer said the mines will be unhedged and therefore fully leveraged to the gold price as of June 30.
It said internal reserve replacement programs at Joe's Luck, Zwartkoppies Deep and Consort are progressing well and expected to be completed within three years.
Five more possible exploration targets have been identified at Barberton and will be followed up over the next 12 months.
...