Pan African Resources Plc subsidiary Barberton Mines Pty. Ltd. signed a one-year wage agreement with the National Union of Mineworkers, it said Oct.18.
The agreement follows on from the previous two-year wage deal and is in addition to the three-year deal with the United Association of South Africa.
The employees at the Barberton gold mine in South Africa will receive an average wage increase of about 8% per annum, effective July 1.
Operations at the Barberton mine stopped for 2.5 days during the negotiation period, but the company said it will not affect the production guidance of 190,000 ounces for the fiscal year ending June 30, 2018.