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Pantoro Gold's Fiscal Year 2026 Production Misses Guidance; Issues Fiscal Year 2027 Outlook; Shares Down 19%

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Pantoro Gold (ASX:PNR) reported June quarter gold production of 18,028 ounces at its Norseman project in Western Australia, bringing fiscal year 2026 production to 77,408 ounces, according to a Thursday filing with the Australian bourse.

In March, the company guided for fiscal year 2026 production of 86,000 ounces to 92,000 ounces.

The company said underground production was below expectations primarily due to "principal mining contractor delivery at both the OK and Scotia underground mines driven by acute Western Australian labor market conditions."

Open pit operations progressed in line with expectations through the fiscal year, the filing added.

For fiscal year 2027, the company issued production guidance of 90,000 to 105,000 ounces at an all-in sustaining cost of AU$2,800 to AU$3,400 per ounce. Production in the fiscal first half is expected to represent 40% to 45% of annual production, with the remaining 55% to 60% expected in the second half.

The company is targeting fiscal year 2027 exploration expenditure of AU$45 million and project and growth capital expenditure of AU$101 million.

Pantoro Gold shares 19% in recent Thursday trade.

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