Pan completed the definitive feasibility study for its Soweto Tailings Retreatment project. The project targets 35,000 to 40,000oz of annual gold production, with LOM AISC of approximately $1,750 to $1,800/oz. The R3.68bn project has an estimated post tax NPV of R1.85bn and IRR of 29.6%. It should lift MTR complex production to around 100,000oz annually at peak.
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