The Pantoro Gold Ltd (ASX: PNR) share price is in focus today after the company reported quarterly gold production of 18,028 ounces and an EBITDA of $44.8 million for the period ending 30 June 2026.
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What did Pantoro Gold report?
- Gold production for the quarter totalled 18,028 ounces, with 16,366 ounces sold at an average realised price of $6,293 per ounce.
- All-in Sustaining Cost (AISC) for the quarter was $4,107 per ounce.
- Quarterly EBITDA came in at $44.8 million.
- The company ended the period with $223.4 million in cash and gold on hand.
- Pantoro announced FY2027 production guidance of 90,000–105,000 ounces at an AISC of A$2,800–A$3,400 per ounce.
- A total of 3,139,535 shares were bought back at an average price of $3.26 per share during the quarter.
What else do investors need to know?
Pantoro Gold is progressing with multiple growth activities across its 100%-owned Norseman Gold Project. The company completed a change of underground mining contractor at the OK Underground Mine in May, leading to improved development and production rates in subsequent months.
The discovery of a high-grade zone in the Racetrack deposit, 600 metres north of the OK Underground Mine, has been highlighted as a strong target for future production growth. In addition, a major exploration program commenced at Lake Cowan following aboriginal heritage surveys, aiming to unearth further high-grade gold resources in the area.
Ongoing investment in both open pit and underground development is underpinning Pantoro's long-term strategy to grow production and extend mine life at its Norseman operations.
What did Pantoro Gold management say?
Managing Director Paul Cmrlec said:
We continue to invest in the future development of Norseman, expanding our operational capabilities and progressing our key growth initiatives. The team has delivered improved results despite some operational headwinds this quarter, and our exploration programs are paving the way for the next stage of growth.
What's next for Pantoro Gold?
Pantoro Gold is targeting production of 90,000 to 105,000 ounces of gold in FY2027, with the start of mining at the Green Lantern Open Pit scheduled for late August 2026. Further development is underway at the Mainfield, Phoenix, O'Briens Lode, and other priority areas.
The company expects personnel levels at all underground mines to be rebuilt by the end of September, which should support increased production rates. Ongoing exploration at Racetrack, Lake Cowan, and other prospects remain central to unlocking new resources and supporting Pantoro's strategy to scale annual output towards 200,000 ounces over time.
Pantoro Gold share price snapshot
Over the past 12 months, Pantoro shares have declined 46%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.
