LONDON BROKER RATINGS: Berenberg cuts Anglo American and Rio Tinto
27th Jun 2024 09:49
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
Pan African Resources PLC - Rosebank-headquartered gold producer - Signs a "milestone" five-year wage agreement with the National Union of Mineworkers at its Barberton Mines operations in Mpumalanga. The wage settlement amounts to an average yearly hike of about 5.3% per annum over five years. Increases take effect from June 1, 2024 to June 30, 2029. Says the current five-year wage agreement with UASA, entered into in 2021, is valid until June 30, 2026. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - Pan African Resources PLC said on Thursday it has lifted the bottom end of its annual production guidance after stopping to process surface material at its mine in Mpumalanga, South Africa. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - Gold prices are currently depressed by hawkish sentiment from the US Federal Reserve, according to analysis from Berenberg on Monday, although it argued that "cylicical[ly] low valuations" in gold stocks present an opportunity for investors. Read More
(Alliance News) - Pan African Resources PLC on Wednesday described its interim performance as "excellent", with its profit and top-line growing, while costs ebbed. Read More
Pan African Resources PLC - Rosebank-headquartered gold producer - Expects interim earnings to surge at least 41% due to strong revenue. Guides for a sharp rise in earnings per share and headline EPS to a range of between 2.14 US cents and 2.30 cents for the first six months that ended December 31, from 1.52 cents a year earlier. This amounts to an increase of between 41% and 51%. Says these likely robust earnings are largely attributed to a 24% jump in revenue to USD193.9 million from USD156.5 million in the first half. Over this period, gold sold volumes rose 8.9% to 98,458 ounces from 90,439 ounces, and the average gold price climbed 14% to USD1,961 an ounce from USD1,725 an ounce. Read More
(Alliance News) - Pan African Resources PLC on Monday described its interim production performance as "excellent" after lifting output and keeping costs under control. Read More
Pan African Resources PLC - Rosebank-headquartered gold producer - Just under 44% of shareholders at Pan African's annual general meeting on Thursday reject the resolution for disapplication of pre-emption rights and general authority to issue shares for cash, meaning this motion fails. All other resolutions are passed. Pan African will consult with dissenting shareholders, including those who voted against four other motions. According to UK corporate governance code, when 20% or more of the votes have been cast against a resolution, a company is required to engage shareholders. Says 27% voted against an increase of the limit for ordinary aggregate fees payable to the non-executive directors, and 37% opposed the motion to authorise the directors to allot equity securities. Another 33% opposed endorsement of the remuneration policy, while just under 50% voted against the remuneration implementation report. Read More
(Alliance News) - Pan African Resources PLC on Wednesday revised up the bottom end of its annual production guidance, as the first-half performance looks set to be better-than-expected in some operations. Read More
(Alliance News) - Pan African Resources PLC on Wednesday left its dividend unchanged after delivering sharply lower annual profit, and indicated it expects its Mintails tailings retreatment plant to start production in December next year. Read More
(Alliance News) - Berenberg remains bullish on Pan African Resources, pointing to operational improvements and continuous operations at the company's Barberton underground mines. Read More
(Alliance News) - Pan African Resources PLC said on Friday it expects its annual earnings to fall as revenue declined due to lower production. Read More