The first 10 MW solar plant at Evander gold-mining operation of Pan African Resources is reducing group all-in sustaining costs (AISC) by more than $10/oz with this number set to increase in coming years as Eskom tariffs continue to escalate, Pan African Resources CEO Cobus Loots said during the presentation of the London- and Johannesburg-listed company’s dividend-yielding 2023 financial results. In May 2023, construction of the group’s second solar plant commenced at Barberton Mines.