Old Mines and Gold Waste Power Surge in Pan African’s Shares
- Pan African Resources is South Africa’s best-performing miner
- Company extract gold from tailings, century-old mine shafts
The best-performing South African miner this year is defying the country’s contemporary reputation for ever-more costly and lower-grade gold production.
Pan African Resources Plc extracts the precious metal from waste dumps, known as tailings, left behind by decades of mining when South Africa was the world’s biggest gold producer. It’s also operating century-old underground shafts around Barberton, the site of the country’s first gold rush in the 1880s.