Robmar increased its stake in the company to 16.4% from 15.4% through on-market purchases during December 2016 and early January 2017.
Gold production
Pantoro has produced 30% more gold during the December quarter compared to the prior quarter at its flagship Nicolsons gold operations in Western Australia.
9,599 ounces of gold were produced during the quarter including a record 4,627 ounces of gold from the month of December.
All three open pits have been developed and are now consistently producing ore with a quarter of the mill feed in December attributable to the new Rowdies and Wagtail pits.
The production ramp up to 50,000 ounces per annum run rate is advancing well with further production improvements expected during the upcoming quarters.