Investors’ Chronicle: Pan African Resources, Centrica, Dunelm
– Dunelm, the homeware retailer, sees a slight dip in its share price despite posting increased revenue and pre-tax profit for the last six months of 2023.
– Despite a decline in adjusted operating profit for its trading unit, Centrica remains buoyed by strong performances in other divisions, including infrastructure and nuclear generation.
– Centrica, owner of British Gas, experiences a significant turnaround in profits in 2023, driven by remeasurement gains and increased profits in its British Gas Energy division.
– The commissioning of a new tailings treatment site, Mogale, is expected to bolster production by up to 50,000 ounces annually, with production projected to rise by 28% by 2026.
– Adjusted cash profits for Pan African Resources surge by 41% in the first half to $75 million, with a forecast of $130 million for the full year.
– Lower operating costs are facilitated by Pan African's utilization of tailings treatment facilities, contributing to an all-in sustaining cost of $1,287 per ounce in the first half of the financial year.
– Despite a slight decline in annual gold production guidance, Pan African Resources maintains potential for output growth based on forthcoming months' performance.
– Pan African Resources reports a 46% increase in interim earnings, driven by its Evander and Barberton operations.