South African gold miner Pan African Resources could maintain its strong rate of profit growth and dividend payout in the current financial year if gold prices remain at current levels, its chief executive Cobus Loots said on Wednesday.

Pan African, which produced around 180,000 ounces of gold metal last year to beat its own guidance, posted a 92.4% increase in its headline earnings per share (HEPS) – South Africa’s main profit measure – to 2.29 U.S. cents for the year ended June 2020, it said in a statement.