Pantoro Gold closes September quarter with production lift and A$240 million cash and gold - Yahoo Finance Australia

AI desk brief

Pantoro Gold reported a stronger September quarter at its Norseman Gold Project, lifting gold production to 21,864 oz and generating A$63.1 million in EBITDA with A$240 million in cash and gold. The company sold 22,834 oz at an average A$6,067/oz, posted AISC of A$3,860/oz, remained debt-free and unhedged, and increased cash and gold by A$16.6 million despite A$36.3 million of project and exploration spend.

Operationally, Scotia Underground produced 10,211 oz and OK Underground 6,497 oz, while Green Lantern began contributing ore and Gladstone Stage 3 stripping continued ahead of a planned restart in late December quarter. Pantoro said FY2027 production remains guided to 90,000-105,000 oz, with output still weighted to the second half as additional stopes and open-pit sources come online; Racetrack drilling continues to return high-grade intercepts and a maiden resource is targeted in 1H 2027.