Pantoro boosts June quarter gold production
Pantoro entered the September quarter with gold and cash worth $11.9 million.
Company
ASX:PNR
Pantoro is focused on unlocking the full potential of its 100%-owned Norseman Gold Project. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia, at the southern end of the highly productive Norseman-Wiluna greenstone belt, and is one of the highest-grade goldfields within the Yilgarn Craton.
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Pantoro entered the September quarter with gold and cash worth $11.9 million.
The Nicolsons underground gold mine continues to over-deliver.
The upgrade extends the company's gold mine's life.
Pantoro was recently added to the All Ordinaries Index.
Drilling has extended the Johnston, Anderson and Hall lodes.
Shares in Pantoro have doubled over the past 12 months.
Shares in Pantoro have doubled over the past 12 months.
Multiple gold intersections have been drilled out beneath the open pits.
Pantoro delivered record gold production during the December quarter.
Gold is produced from the Halls Creek Gold Project.
Pantoro (ASX:PNR) continues to receive strong support from substantial shareholder Robmar Investments Pty Limited.
9,599 ounces of gold were produced during the quarter.
Results include 5 metres at 6.23 g/t gold and grades of up to 40.5 g/t gold.
Pantoro Ltd (ASX:PNR) has seen one of its largest shareholder, Robmar Investments, increase its ownership to 15.4% through the purchase of 10.4 million shares on-market.
The exercise of options by Pantoro’s managing director provides the company with cash funding and shows that senior management believe in the company’s future.
Pantoro Ltd has received a Buy Recommendation from broker Somers & Partners.
Pantoro Ltd (ASX:PNR) has drilled out higher than expected gold in its grade control drilling within the open pit mine designs of its 100% owned Halls Creek Project in Western Australia.
The seeds of the current strength in gold mining equities were sown in the last gold boom five years ago
The Australian equity market was bouyed today by rising commodities, especially gold, which has cruised past A$1730 an ounce.MARKET WATCH: The gold producer hits a 12-month high.
The Australian All Ordinaries fell 2.1% today with a 5.3% tumble in energy stock on the back of more weakness in the oil price. One gold producer, however, continued a steady march as the precious metals sector held its ground.