Pantoro Gold Ltd managing director Paul Cmrlec talked with Proactive about the company’s strong first-half financial performance, production outlook and growth plans at the Norseman Gold Project in Western Australia.
Cmrlec explained that the company has delivered a strong financial position during the first half of the financial year, highlighting a significant build in the company’s balance sheet. He said the operation finished the last quarter with just under $220 million in cash and gold, with about $135 million reported for the half-year, reflecting solid operational performance at Norseman.
Looking ahead, Pantoro Gold is advancing a long-running growth strategy aimed at expanding production at Norseman through new underground mines. The company has been conducting extensive drilling across the Mainfield area and is preparing to begin development towards the Bronze and Cramers South lodes, with development expected to start mid-year.
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