Pantoro records 3% growth in gold production at Norseman

Proactive - Interviews for investors

Proactive’s Tylah Tully sits down with Pantoro Ltd (ASX:PNR, OTC:PNTOF) managing director Paul Cmrlec to discuss its September quarterly results. Pantoro produced 21,374 ounces of gold at the Norseman Gold Project in Western Australia during the September quarter, marking a 3% increase compared to the previous quarter. The company achieved an EBITDA of $32.5 million for the period. The all-in sustaining cost (AISC) for the quarter was $2,395 per ounce and Pantoro’s cash and gold reserves grew by $8.5 million to reach $112.3 million by September 30. Operationally, the company completed mining activities at the Scotia Open Pit and Green Lantern with output from the OK Underground Mine rising to 9,661 ounces. The Scotia Underground Mine saw 1,076 metres of development, encountering high-grade ore while planning is underway for an open pit at Princess Royal Mining Centre. The Norseman processing plant handled 292,718 tonnes, though interruptions, including a scheduled mill reline, resulted in the loss of six days of production and a 1,000-ounce production offset. Pantoro has recently secured a zero-premium collar for its 2025 gold production, providing exposure to prices up to $4,200 per ounce and has also hedged diesel for 2025 to manage supply risks linked to Middle Eastern conflicts. #ProactiveInvestors #Pantoro #ASX #GoldProduction #NorsemanGoldProject #WesternAustralia #Mining #GoldMining #QuarterlyReport #ASX #GoldOutput #ScotiaOpenPit #OKUndergroundMine #PrincessRoyalMiningCentre #GoldPrice #EBITDA #DieselHedges #SupplyRisk #GoldMarket #MiningOperations #AISC #AustralianMining #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews