Pan African Resources PLC concluded a three-year wage agreement with the National Union of Mineworkers and the United Association of South Africa, which represent the majority of employees at its Barberton gold mine.

Under the agreement, the average annual wage increase over the three years will be 6.5% for National Union of Mineworkers members and 5.5% for United Association of South Africa members.

The company said Sept. 7 that the negotiations were successfully concluded with no industrial action or work stoppages.

Earlier this month, Pan African said it plans to finalize a feasibility study for Barberton after an internal resource review defined a 150% increase in contained gold compared to a mid-2017 estimate.