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(Sharecast News) - Pan African Resources said on Wednesday that it expects interim earnings per share to surge as it benefits from the rally in the gold price and higher production of the yellow metal.
For the six months to the end of December 2025, the company now expects earnings per share of between 7.18cents and 7.43cents, versus a restated 2.50cents in the same period a year earlier. This represents a jump of between 187% and 197%, respectively.
Headline EPS (HEPS) for the current reporting period is expected to be between 7.28cents per share and 7.40, compared to HEPS of 1.20cents a year earlier, up between 507% and 517%, respectively.
The expected rise in EPS and HEPS was put down to a 157.3% increase in revenue following a 62% jump in the average gold price received and a 51.5% increase in gold produced.
The African gold miner said group production is expected to rise further in the second half, largely due to increased production from the MTR expansion project and from Tennant Mines. It is now guiding to full-year production of 275,000oz to 292,000oz.
At 1445 GMT, the shares were up 1.9% at 141.78p.
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