Dig Deep Navigating the Gold Rush: Cobus Loots on Pan African Resources' Journey to a $2 Billion Market Cap
In today’s episode, we're joined by Cobus Loots, CEO of Pan African Resources, a company that has grown into a multi-asset, mid-tier gold producer with a market cap of over two billion dollars. Under Cobus’ leadership, Pan African has built a strong reputation for operational excellence, innovation in tailings retreatment, and a forward-looking approach to sustainability and energy security.
We’ll be exploring the company’s journey from its roots to where it is today, its recent move to the Main Board, and its strategy for growth both in South Africa and abroad. We’ll also discuss Pan African’s financial performance, its view on the gold market, and how it envisions the future of mining in southern Africa.
KEY TAKEAWAYS
- Pan African Resources has successfully grown into a multi-asset, mid-tier gold producer with a market cap exceeding $2 billion, primarily through strategic acquisitions and operational excellence.
- The company has differentiated itself by focusing on tailings retreatment, turning historic waste dumps into profitable operations. This approach not only generates low-cost gold but also addresses environmental liabilities.
- Pan African is committed to energy security and sustainability, having implemented large-scale solar projects that significantly reduce production costs and emissions. The goal is to source over 50% of energy requirements from renewables in the next few years.
- The company reported a record year with a 6% increase in gold production and significant earnings growth. It is now fully unhedged, allowing shareholders to benefit from the rising gold prices.
BEST MOMENTS
- "We always say that you're actually turning liabilities into profits. Without the expertise, without the capital, these would only be liabilities."
- “We were the first South African miner to commission a large-scale solar plant at Evander. It makes financial sense and brings down our cost of production."
- "The opportunity came across our desk, and the geological merits certainly stacked up. We took almost a year to make an investment decision."
- "The world seems an uncertain place at this point, and the geopolitical situation is obviously driving gold price."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
GUEST SOCIALS
https://www.linkedin.com/company/pan-african-resources-plc/
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/