COMPANY OVERVIEW:
‘The Big One’ in Zulu – Elikhulu, Pan African’s flagship operation exceeded expectations by being built within budget, commissioned ahead of schedule and reaching steady state production within two years at an AISC of US$614/oz.
The plant processes 1.2Mt of historic tailings per month from the three existing slimes dams at Kinross, Leslie/Bracken and Winkelhaak. Tailings reprocessing will result in the residues being re-deposed to a single tailings storage facility site, which will reduce our ecological footprint.
This operation consists of a technologically advanced, automated plant with a minimal labour requirement. Elikhulu is testament to our team’s ability to conceptualise, plan and complete substantial growth projects ahead of time and within budget.
Our Purpose:
- Is to exploit mineral deposits in a manner that creates value for our stakeholders and for the betterment of society in a sustainable manner.
Our Vision:
- Is to continue to build and grow a mid-tier precious metals producer that delivers on this purpose.
Our Strategy:
Our growth strategy is executed by identifying and exploiting mining opportunities that create stakeholder value by driving growth in our Mineral Reserve and Resource base, production, earnings and cash flows in a margin accretive manner, and by capturing the full precious metals mining value chain by focusing on:
- low-cost base
- growth in Mineral Reserve base and profitable production
- positive impact on earnings in a sustainable manner
- maximising recovered grade and production tonnes
- high margins.
We encourage an entrepreneurial culture that fosters consistent value accretion for stakeholders by first identifying and then executing into opportunities within our business and operations. This culture further contributes to sourcing new investments, organically or acquisitively, thereby bolstering our portfolio of mining assets.
