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Production guidance and senior management changes
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered
number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(Pan African or the Company or the Group)
PRODUCTION GUIDANCE AND SENIOR MANAGEMENT CHANGES
Pan African is pleased to advise shareholders of the following operational developments:
1. Production guidance
The Group expects to produce approximately 97,000oz for the six months ending 31 December 2020,
and is on track to meet its production guidance of approximately 190,000oz (2019: 179,457oz) for
the 2021 financial year.
2. Senior executive changes
Pan African wishes to announce the retirement of its Chief Operating Officer, Andre van den Bergh,
with effect from 1 January 2021.
Andre, the Group’s longest serving employee, rendered uninterrupted service for 46 years with
Group companies.
Bert van den Berg will be assuming the position of Chief Operating Officer with effect from 1 January
2021.
An experienced mining engineer, Bert joined Pan African in 2016 as Group Manager: Projects and
Business Improvement, following a successful career that spanned 14 years with one of the world’s
largest platinum producers. Bert previously held senior positions including Group Mining Engineer,
General Manager and Mine Manager. Since joining Pan African, Bert played an instrumental role in
the Group’s capital projects, instilling operational efficiencies and improving the Group’s safety
record. He holds a BSc. Engineering degree in Mining from the University of the Witwatersrand, Mine
Managers Certificate of Competency and is a proud member of AMMSA and SAIMM.
Niel Symington, currently the Group Management Accounting and IT Manager, will be assuming the
role of Executive: Shared Services, which will entail managing the Group’s Human Resources,
Management Accounting and Information Technology functions. Niel has been with the Group since
2011 in various senior management roles.
Cobus Loots, CEO, commented: “Andre leaves behind a lasting legacy, his invaluable contributions to
the safety of our people, operational improvements and human resource excellence supported the
success of Pan African’s operations over many years.
We thank Andre for his dedicated years of service and wish him a productive and healthy retirement.
We also look forward to the contributions of Bert and Niel to the continued success of the Group.”
The information contained in this update is the responsibility of the Pan African board of directors
and has not been reviewed or reported on by the Group’s external auditors.
Rosebank
15 December 2020
Certain information communicated in this announcement was, prior to its publication, inside
information for the purposes of Article 7 of Regulation 596/2014.
For further information on Pan African and its ESG initiatives, please visit the Company's website at
www.panafricanresources.com
Contact information
Corporate Office Registered Office
The Firs Office Building Suite 31
2nd Floor, Office 204 Second Floor
Cnr. Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0)11 243 2900 United Kingdom
info@paf.co.za Office: + 44 (0)20 7796 8644
Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0)11 243 2900 Office: + 27 (0)11 243 2900
Phil Dexter/Jane Kirton Ross Allister/David McKeown
St James's Corporate Services Limited Peel Hunt LLP
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8644 Office: +44 (0)20 7418 8900
Ciska Kloppers Thomas Rider/Neil Elliot
Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited
JSE Sponsor Joint Broker
Office: + 27 (0)11 011 9200 Office: +44 (0)20 7236 1010
Hethen Hira Website: www.panafricanresources.com
Pan African Resources PLC
Head: Investor Relations
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Date: 15-12-2020 09:01:00
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