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ASX:PNR

10 stories mentioning ASX:PNRUpdated 15h ago

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Asia

Pantoro Posts Lower June Quarter Gold Production, EBITDA

Pantoro (ASX:PNR) said production for the June quarter was 18,028 ounces of gold, with 16,366 ounces sold at an average price of AU$6,293 per ounce, according to a Thursday Australian bourse filing.The company said the all-in sustaining cost (AISC) for the quarter was AU$4,107 per ounce, generating earnings before interest, taxes, depreciation and amortization (EBITDA) of AU$44.8 million, with cash and gold holdings of AU$223.4 million as at June 30, the filing added.In the same period last year, the company produced 25,417 ounces of gold at an AISC of AU$1,991 per ounce and generated EBITDA of AU$80.4 million, an earlier filing showed.Fiscal 2027 production guidance is 90,000 to 105,000 ounces at an AISC of AU$2,800 to AU$3,400 per ounce, the company reaffirmed.

ASX:PNR
Asia

Pantoro Could Become Takeover Target as it Works to Regain Market Trust, Euroz Hartleys Says; Shares Gain 6%

Pantoro (ASX:PNR) is expected to be susceptible to a potential takeover as the company attempts to regain market trust over the next six to 12 months after its June quarter production missed expectations, Euroz Hartleys said in a Friday note.The quarterly gold production of 18,028 ounces trailed the investment firm's estimate of 24,000 ounces and brought fiscal year 2026 production to 77,408 ounces. The full-year result missed the company's downgraded guidance of 86,000 to 96,000 ounces."We doubt the market will believe that this is the final reset for [Pantoro] until numerous quarters of guidance is achieved," the equity research firm said.It flagged Ora Banda Mining (ASX:OBM), Bellevue Gold (ASX:BGL), Catalyst Metals (ASX:CYL), Gold Fields, Regis Resources (ASX:RRL), and Capricorn Metals (ASX:CMM) as parties that could be interested in Pantoro, noting that some of those potential bidders are trading at large premiums to Pantoro's roughly AU$800 million market cap.Euroz Hartleys lowered its fiscal year 2027 production forecast for Pantoro to 93,000 ounces at an all-in sustaining cost of AU$3,102 per ounce from a previous estimate of 103,000 ounces at AU$2,850 per ounce.It maintained a speculative buy recommendation on Pantoro while reducing the target price to AU$3.53 per share from AU$6.52.The company's shares advanced 6% in recent Friday trade as the broader materials sector also gained.

ASX:BGLASX:CMMASX:CYLASX:OBMASX:PNRASX:RRL
Asia

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

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.

ASX:PNR
Asia

Gold Mining Firms' Shares Follow Precious Metal Higher on Strait of Hormuz Reopening Hopes

Shares of Pantoro Gold (ASX:PNR) advanced 7% in recent trade, while those of Genesis Minerals (ASX:GMD) climbed nearly 5% as the price of gold rose to trade around $4,340 per ounce, after US President Donald Trump said the Strait of Hormuz could reopen on Friday.Shares of Newmont (ASX:NEM) rose 2%.

ASX:GMDASX:NEMASX:PNR
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88

ASX 200ASX:AIIASX:BGLASX:DVPASX:ELVASX:GMDASX:IMDASX:MI6ASX:PLSASX:PNRASX:SFR
Asia

Australian Gold Producers Flush With Free Cash Flow, Says Euroz Hartleys

Australian gold producers generated record free cash flows in the March quarter despite higher capital spending on growth projects, Euroz Hartleys said in a note on Wednesday.Cash flows were helped by higher prices, with gold averaging roughly at AU$6,998 per ounce, even as production remained largely flat.According to the investment firm, around 21 companies collectively generated free cash flow of about AU$2.7 billion, up from AU$1.53 billion in the December quarter."We believe it is important to keep one eye on the real total costs of production, otherwise you risk buying a producer with more leverage than you bargained for," analysts at the brokerage said.The firm added that concerns related to diesel supply are largely a pricing issue rather than a shortage and are already reflected in valuations.Euroz Hartleys said West African Resources (ASX:WAF) was the cheapest gold stock on a cashflow yield basis, while Greatland Resources (ASX:GGP) was the lowest-cost producer.

ASX:EVNASX:GCPASX:NEMASX:NSTASX:PNRASX:RRLASX:WAF
Asia

Pantoro Gold Discovers High-Grade Mineralization at Western Australia Project

Pantoro Gold (ASX:PNR) said it has discovered broad high-grade mineralization at the Racetrack Target within the Mainfield of its Norseman Gold Project in Western Australia, according to a Monday Australian bourse filing.The results were up to 8 meters at 28.7 grams per tonne gold, including 1 meter at 189.8 grams per tonne gold.Wide-spaced drilling along the Racetrack trend has indicated a high-grade zone over a current strike of 400 meters, extending from near surface to 600 meters depth, the filing added.The high-grade zone remains open to the east and down dip, with multiple additional intercepts returned from associated splays and parallel structures, it added.

ASX:PNR
Asia

Pantoro Gold Reports Lower Gold Production in March Quarter

Pantoro Gold's (ASX:PNR) production for the quarter ended March 31 came in at 17,757 ounces of gold, with 20,016 ounces of gold sold at an average gold price of AU$6,916 per ounce, according to a Tuesday Australian bourse filing.The company produced 18,334 ounces of gold in the March 2025 quarter, an earlier filing showed.The company's all-in sustaining cost rose to AU$3,204 per ounce in the March quarter from AU$2,427 per ounce a year earlier, while earnings before interest, taxes, depreciation, and amortization increased to AU$88.4 million from AU$46.4 million over the same period.The company expects a strong finish to fiscal year 2026 and remains on track to meet its guidance range of 86,000 to 92,000 ounces of gold by year-end.

ASX:PNR
Asia

Pantoro Gold Enters Partnership Agreement for High-Grade Rama Open Pit in Western Australia

Pantoro Gold (ASX:PNR) said it has entered into a partnership agreement with Mega Resources and Bain Global Resources for the high-grade Rama Open Pit in Western Australia, according to a Thursday Australian bourse filing.The agreement includes an exclusive option for Pantoro Gold to mine and develop the high-grade underground mine beneath the open pit through a profit-sharing agreement, the company added.The company said it will advance up to AU$20 million to fund mining of the Rama Open Pit stage two, secured by a first-ranking interest over project tenure, with all loaned amounts earning interest at 5% per year and funds to be used solely to discharge existing debt and develop the second stage of the open pit.Advanced funds will be recouped from revenue generated from gold delivered by Mega at AU$1,000 per ounce, with all funds to be repaid within eight months of commencement, while Pantoro Gold will pay Mega between 70% and 80% of the value of reconciled gold produced, depending on ore grade, the filing added.Mega expects to deliver about 115,000 tonnes at 4.7 grams per tonne (g/t) gold with a minimum delivery obligation of 17,700 ounces, per the filing.Pantoro Gold holds an exclusive 12-month option to provide a work program for a potential underground operation following completion of the Rama Open Pit.

ASX:PNR
Asia

Pantoro Confirms High-Grade Mineralization at Western Australia Mine

Pantoro (ASX:PNR) confirmed high-grade mineralization extending at least 50 meters below the current indicated mineral resource at the Scotia underground mine within the Norseman project in Western Australia following extensional drilling, according to a Wednesday filing with the Australian bourse.Results from Central Scotia include 16 meters at nearly 11 grams per tonne grade of gold, including 1.58 meters at 30 g/t grade of gold, 1.75 meters at almost 42 g/t grade of gold, and 1.31 meters at 18 g/t grade of gold, the filing said.Grade control drilling indicated high-grade intersections in the Scotia North and Taurus orebodies within the current mine plan, per the filing.

ASX:PNR

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