PanAust records strong ending last year

PANAUST says it recorded a strong end last year underpinned by outstanding safety performance across the group.
Executive chairman Dr Qun Yang spoke of how the company’s commitment to safety highlighted its mission, vision, values and “the PanAust way”.
“At PanAust, safety is paramount,” Dr Yang said. “Our commitment to our zero harm safety objectives not only ensures that our people go home safe every day.
“It also makes good business sense. “As we look to maximise production at our Lao operations to support the growth of the company, safety continues to be our number one priority.
“While we are proud of our improved safety performance last year, we will collectively work to continuously improve our stretch safety targets in 2020.”
Demonstrating this commitment to keeping its people safe, the company held an inaugural safety summit in Vientiane, Laos, during the quarter.
Representatives from across the group came together to discuss safety priorities for the year ahead.
“A reinvigorated safety plan for this year was developed during the safety summit and the company has already begun addressing actions that will support this plan,” Dr Yang added.
“This year, PanAust will prioritise work streams to delivery its strategy.
“Our vision is anchored around three pillars.
“Firstly, we will seek to sustain the business in the short term through the extension of mine life at our operations in Laos.
“We will then look to grow our business organically through our targeted exploration activities in Laos and Myanmar.
“Finally, we will look to acquire operating assets to secure the future of our business.
“I am confident that stabilising production and cashflow based on the extension of mine life at our operations in Laos and acquiring a new asset will ensure the sustainability of our business.”