This happy hump day for the Australian markets followed a far less optimistic session on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was still feeling blue and dropped another 0.63%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't any better, losing 0.78% of its value.

But let's return to the local markets now and check out what was happening amongst the different ASX sectors today.

Winners and losers

The biggest losers this Wednesday were consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) had a shocker today, dumping 1.15% of its value.

Real estate investment trusts (REITs) also had a day to forget, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) retreating 0.54%.

Financial stocks were on the nose, too. The S&P/ASX 200 Financials Index (ASX: XFJ) was walked back 0.37% this session.

Our last losers were consumer discretionary shares, evidenced by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.35% decline.

Let's turn to the green sectors now. Leading the charge were energy stocks. The S&P/ASX 200 Energy Index (ASX: XEJ) rocketed 2.19% higher this hump day.

Gold shares had a party as well, with the All Ordinaries Gold Index (ASX: XGD) surging 1.48%.

Broader mining stocks didn't miss out. The S&P/ASX 200 Materials Index (ASX: XMJ) soared up 1.28%.

Next came communications shares, illustrated by the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.46% bounce.

Industrial stocks were also in that range. The S&P/ASX 200 Industrials Index (ASX: XNJ) added 0.36% to its total today.

Tech shares overcame some selling to close higher, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) putting on 0.3%.

Utilities stocks didn't miss out either. The S&P/ASX 200 Utilities Index (ASX: XUJ) saw its value bumped by 0.28%.

Finally, healthcare shares got themselves over the line, as you can see by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 1.5% surge.

Top 10 ASX 200 shares countdown

Gold stock Pantoro Gold Ltd (ASX: PNR) came in as our top stock today. Pantoro Gold shares jumped 9.3% to close at $2.82 a share. This came after Pantoro revealed some drilling results this morning, which may have excited investors.

Here's how the other winners pulled up at the kerb:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The ASX 200 stayed in green territory all session, steadily climbing to close with a 0.6% gain. That leaves the index at 9,092.3 points as we head into the weekend.

This happy day for Australian investors followed an upbeat Thursday session for US markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) enjoyed a modest 0.1% gain.

Meanwhile, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) ran much hotter, rising 1.57%.

But let's get back to the local markets now for an examination of how the various ASX sectors fared amid today's pleasant trading conditions.

Winners and losers

There were only a couple of sectors that weren't invited to today's ASX party.

The most conspicuous absentee was real estate investment trusts (REITs). The S&P/ASX 200 A-REIT Index (ASX: XPJ) was left out in the cold, slumping 0.78%.

The other unlucky corner of the market was utilities shares, with the S&P/ASX 200 Utilities Index (ASX: XUJ) slipping 0.09%.

Let's get to the winners now, though. Leading said winners this Friday were tech shares. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was on fire, shooting 2.31% higher.

Mining stocks were in high demand too, illustrated by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 0.98% surge.

Gold shares were also popular. The All Ordinaries Gold Index (ASX: XGD) roared 0.9% higher this session.

Financial stocks had a day to remember as well, with the S&P/ASX 200 Financials Index (ASX: XFJ) soaring 0.75%.

Energy shares didn't miss out. The S&P/ASX 200 Energy Index (ASX: XEJ) enjoyed a 0.66% jump this Friday.

We could say something similar for consumer discretionary stocks, as you can see by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.44% leap.

Its consumer staples counterpart was a little less enthusiastic. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) still managed a 0.3% improvement, though.

Communications stocks were our next corner of the market, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) advancing 0.25%.

Healthcare shares were decent performers, too. The S&P/ASX 200 Healthcare Index (ASX: XHJ) put on 0.08% today.

Finally, industrial shares only just got over the line, evidenced by the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.04% bump.

Top 10 ASX 200 shares countdown

Gold stock Pantoro Gold Ltd (ASX: PNR) was our chart-topper this Friday.

Pantoro shares rocketed up 5.88% to close at $2.88 each today. That was despite no news or announcements from the company today.

Here's the rest of today's best:

Enjoy the weekend!

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

That may have been a result of today's inflation figures. Either way, the index ended up closing 0.4% lower at 9,127.8 points.

This tantalising hump day for the ASX followed a more robust night of trading over on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) continued to push higher, gaining another 0.3%.

Over on the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), the mood was even more upbeat, with the index rising 0.66%.

But let us return to the local markets now and dive a little deeper into what was happening amongst the various ASX sectors this Wednesday.

Winners and losers

Despite the market's choke today, we still had a few sectors that pushed higher.

But first, the standout losers this hump day were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was hit hard, crashing 3.47%.

Energy shares had a day to forget as well, with the S&P/ASX 200 Energy Index (ASX: XEJ) plunging 1.52%.

Communications stocks were also on the nose. The S&P/ASX 200 Communication Services Index (ASX: XTJ) took a 1.38% dive today.

As were healthcare shares, evident from the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 1.21% tanking.

Industrial stocks fared a little better. The S&P/ASX 200 Industrials Index (ASX: XNJ) still lost 0.6%, though.

Financial shares were right behind that, with the S&P/ASX 200 Financials Index (ASX: XFJ) dipping 0.57%.

Our final losers today were mining stocks. The S&P/ASX 200 Materials Index (ASX: XMJ) slid 0.01% lower.

Let's get to the winners now. Leading the pack were consumer staples shares, illustrated by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 1.83% surge.

Gold stocks were also a safe haven. The All Ordinaries Gold Index (ASX: XGD) had lifted 0.83% by the closing bell.

Utilities shares didn't miss out, with the S&P/ASX 200 Utilities Index (ASX: XUJ) jumping 0.53%.

We can say the same for real estate investment trusts (REITs). The S&P/ASX 200 A-REIT Index (ASX: XPJ) jumped up 0.35% this session.

Finally, consumer discretionary shares managed to stick a landing, as you can see from the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.07% crawl higher.

Top 10 ASX 200 shares countdown

Today's top stock was retailer Lovisa Holdings Ltd (ASX: LOV). Lovisa shares were hot property today, rocketing up 12.73% to close at $27.62.

This big leap came after the company reported its latest earnings, which seemed to have exceeded expectations.

Here's how the other winners pulled up at the kerb:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After starting sharply higher this morning, investors pushed the markets up to a new high watermark of 9,296.7 points by mid-morning. Sentiment cooled off a little over the afternoon, but the ASX 200 still closed at a new record of 9,271.6 points, up a confident 0.47% for the day.

This exceptional session for the local markets followed a more nuanced night on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) pushed higher again, rising 0.49%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't as lucky, paring some of its recent gains with a 0.83% drop.

But let's get back to the Australian markets now and dive a little deeper into how today's fresh records spilled over into the various ASX sectors.

Winners and losers

Although the market pushed higher this Thursday, a few sectors still sat this one out.

The most prominent of those were real estate investment trusts (REITs). The S&P/ASX 200 A-REIT Index (ASX: XPJ) was left out in the cold, suffering a 0.93% dive.

Utilities shares were also forsaken, with the S&P/ASX 200 Utilities Index (ASX: XUJ) dipping 0.39%.

Industrial stocks missed out as well. The S&P/ASX 200 Industrials Index (ASX: XNJ) slipped 0.03% lower by market close.

But it was all smiles everywhere else. Leading the gains today were gold shares, as you can see from the All Ordinaries Gold Index (ASX: XGD)'s 3.69% surge.

Broader mining stocks ran hot as well. The S&P/ASX 200 Materials Index (ASX: XMJ) shot up 1.11%.

Healthcare shares were also in high demand, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) soaring 0.81%.

Financial stocks weren't left out. The S&P/ASX 200 Financials Index (ASX: XFJ) jumped 0.45% this Thursday.

Consumer staples shares were in a similar boat, evident by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.42% leap.

Communications stocks were close behind that. The S&P/ASX 200 Communication Services Index (ASX: XTJ) gained 0.37% today.

Consumer discretionary shares saw some interest, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) advancing 0.21%.

As did tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) had lifted 0.16% by the close of trade.

Finally, even energy shares found buyers, illustrated by the S&P/ASX 200 Energy Index (ASX: XEJ)'s 0.15% bump.

Top 10 ASX 200 shares countdown

It was gold stock Minerals 260 Ltd (ASX: MI6) that took out today's crown. Minerals 260 shares rocketed up 10.61% this Thursday to close at 73 cents each. There wasn't any news out from the company today, but most gold stocks had a day to remember.

Here's how the other winners landed their planes: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Canaccord Genuity has issued research reports on three ASX gold companies that it believes will at least double in value over the next year.

Let's see who they like.

Pantoro Gold Ltd (ASX: PNR)

Pantoro last week reported that its quarterly production had come in at 18,028 ounces of gold, with 16,366 ounces sold for $6293 per ounce.

Once costs had been factored in, EBITDA came in at $44.8 million for the quarter.

The company said that during the quarter, ongoing drilling confirmed high-grade extensions to mineralisation in the southern and central parts of the Scotia underground mine, with further drilling continuing.

The company reaffirmed guidance for FY27 of 90,000 to 105,000 ounces at an all-in sustaining cost of $2800 to $3400 per ounce.

Pantoro said it had a total mineral resource currently of 4.6 million ounces of gold.

The company added:

Many of the Mineral Resources defined to date remain open along strike and at depth, and in most cases the Mineral Resources have only been tested to shallow depths. In addition, there are numerous anomalies and mineralisation occurrences which are yet to be tested adequately to be placed into Mineral Resources, with several highly prospective targets already identified.

Canaccord Genuity said the company's full-year production of 77,400 ounces was a miss to guidance of 86,000 to 92,000 ounces.

They said they were anticipating the company releasing its five-year production plan this quarter, and "we note PNR has reaffirmed its long-term growth target of up to 200kozpa of production''.

Canaccord Genuity has a price target of $4.20 on Pantoro shares compared to $2.02 currently.

Catalyst Metals Ltd (ASX: CYL)

Catalyst Metals' quarterly production of 32,000 ounces of gold was 11% higher than Canaccord's estimate, with the company generating underlying free cash flow of $56 million for the quarter.

The broker noted that Catalyst's cash and bullion on hand increased by $54 million quarter on quarter to $331 million, and the company had no debt and an undrawn $100 million facility.

The company said in its quarterly that it would be providing FY27 guidance in late September, while Canaccord noted that its previous guidance for FY27 was 130,000 to 150,000 ounces.

Canaccord has a price target of $11.60 on Catalyst shares compared to $5.76 currently.

Predictive Discovery Ltd (ASX: PDI)

Canaccord said in its research report that Predictive's Kiniero mine produced a "standout operational performance during the quarter", producing 54,000 ounces of gold at an all-in sustaining cost of US$1254 per ounce.

This was well ahead of the broker's forecasts.

They added:

Production was underpinned by throughput of ~9.0Mtpa, almost 50% above nameplate capacity, highlighting both the quality of the asset and management's ability to optimise operations following commissioning.

Canaccord has a price target of $1.40 on Predictive shares compared to 66.5 cents currently.

The post 3 ASX gold companies that could double in value according to Canaccord Genuity appeared first on The Motley Fool Australia.

What did Pantoro Gold report?

• Second phase of infill drilling at Racetrack Discovery confirmed significant high-grade gold intercepts
• Notable results: 4.94 m @ 349.14 g/t (including 0.91 m @ 1,737.37 g/t); 20.36 m @ 15.55 g/t; and 3.53 m @ 34.44 g/t
• High-grade mineralisation now confirmed across more than 350 metres of strike, from near surface to 600 metres depth
• Racetrack identified as an analogue to the historic Bullen lode, which produced over 500,000 ounces
• FY27 budget includes exploration decline development from OK Decline to access Racetrack

What else do investors need to know?

Pantoro Gold's Norseman Gold Project is one of Western Australia's highest-grade goldfields, with a current total mineral resource of 4.6 million ounces and ore reserves of 859,000 ounces. The company has been ramping up underground and open-pit mining operations since commissioning a new 1.2 million tonnes per annum processing plant in 2022.

The company's strategy is to build production towards 100,000 ounces per annum initially, with ambitions for more than 200,000 ounces annually in the medium term. Many mineralised zones remain open along strike and depth, signalling significant further exploration potential.

What did Pantoro Gold management say?

The company's managing director, Paul Cmrlec, commented:

Racetrack is shaping up as a very high-grade structure with some of the widest intercepts we have seen at Norseman to date. Grades encountered are similar to those seen at the Bullen deposit, however early drilling suggests greater lode widths. Bullen produced over 500,000 ounces between 1985 and 2000 at a mined grade of approximately 10 g/t, and remains open at depth.

Just 600 metres from the OK Decline, Racetrack can be developed with minimal additional infrastructure requirements and mined independently once dedicated ventilation circuits are established. Preliminary planning for access is already underway.

The drill program continues with multiple rigs in action and our geology team is focused on expanding the high-grade zone and bringing this exciting discovery to production as soon as possible.

What's next for Pantoro Gold?

Pantoro Gold plans to continue its aggressive drilling program at Racetrack, aiming to further expand the high-grade zone both eastward and down dip. Planning is already underway to develop an exploration drive from the OK Decline, which could fast-track access to the new resource for future production.

With additional exploration targets along the Norseman tenements and infrastructure in place, Pantoro Gold's strategy remains firmly centred on scaling up production and extending mine life at this historic goldfield.

Pantoro Gold share price snapshot

Pantoro Gold's share price has faced a challenging period over the past year, underperforming the S&P/ASX 200 Index (ASX: XJO) with a disappointing decline of almost 50%.

View Original Announcement

The post Pantoro Gold confirms high-grade continuity at Norseman Racetrack appeared first on The Motley Fool Australia.

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.

View Original Announcement

The post Pantoro Gold posts Q4 2026 results and sets sights on growth at Norseman appeared first on The Motley Fool Australia.

After a shaky week that ended with a significant drop on Friday, investors came back from the weekend with some pep in their steps today. After staying comfortably in green territory all session, the ASX 200 ended up closing 1.39% higher. That leaves the index at a flat 8,894 points.

This happy start to the Australian trading week followed a mixed conclusion to the American week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) overcame some jitters to close 0.46% higher.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) went the other way, dropping down 0.64%.

But let's get back to this week and our local markets now and check out how today's gains filtered down into the various ASX sectors this session.

Winners and losers

Today's gains were almost universal, with only one sector missing out on a rise.

That unlucky sector (no prizes for guessing) was energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) was abandoned, crashing 2.99% lower.

It was a veritable party everywhere else, though.

Leading the celebrations were tech stocks, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) rocketing 4.52% today.

Close behind that were gold shares. The All Ordinaries Gold Index (ASX: XGD) soared up a happy 3.89%.

Broader mining stocks didn't miss out either, illustrated by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 2.42% surge.

Real estate investment trusts (REITs) also ran hot. The S&P/ASX 200 A-REIT Index (ASX: XPJ) roared up 1.68% this session.

Industrial stocks saw decent demand too, with the S&P/ASX 200 Industrials Index (ASX: XNJ) galloping 1.53% higher.

Healthcare shares lived up to their name this Monday. The S&P/ASX 200 Healthcare Index (ASX: XHJ) jumped 1.44% by the closing bell.

Communications stocks were right behind that, as you can tell from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 1.41% leap.

Financial shares didn't miss out. The S&P/ASX 200 Financials Index (ASX: XFJ) advanced 1.19%.

Nor did consumer discretionary shares, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) increasing its value by 0.81%.

Its consumer staples counterpart held up. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) enjoyed a 0.68% lift today.

Finally, utilities shares staged a late recovery to get across the line, evident by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 0.4% bounce.

Top 10 ASX 200 shares countdown

Today's chart-topper was gold stock Capricorn Metals Ltd (ASX: CMM). Capricorn shares had a blowout, exploding 15.13% higher to finish at $13.70 each. Most gold stocks did well, but Capricorn was boosted further by some pleasing market updates, which we examined here.

Here's the rest of today's best: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

This rather indecisive session for the Australian markets came after an even nastier end to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) had another tough session, dropping 0.77%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared even worse, falling a horrid 1.4%.

But let's get back to this week and our local markets, and take a closer look at what was happening across the different ASX sectors today.

Winners and losers

Tech shares were the sector that was singled out for punishment this Monday. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was slammed, tumbling 1.54%.

Utilities stocks fared better, but the S&P/ASX 200 Utilities Index (ASX: XUJ) still tanked by 0.63%.

Healthcare shares were in a similar boat. The S&P/ASX 200 Healthcare Index (ASX: XHJ) saw its value dive 0.49% today.

Mining stocks weren't popular either, evident by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 0.34% dip.

Gold stocks were also no safe haven. The All Ordinaries Gold Index (ASX: XGD) ended up sinking 0.23%.

Real estate investment trusts (REITs) followed right behind gold, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) dipping 0.17%.

Our last losers this Monday were financial stocks. The S&P/ASX 200 Financials Index (ASX: XFJ) slipped 0.07% by the closing bell.

Let's turn to the winning sectors now. Leading the charge were energy stocks, illustrated by the S&P/ASX 200 Energy Index (ASX: XEJ)'s 1.8% surge.

Consumer staples stocks also ran hot. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) roared 0.43% higher this session.

Communications shares saw high demand too, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) lifting 0.39%.

Industrial stocks came next. The S&P/ASX 200 Industrials Index (ASX: XNJ) advanced 0.16% today.

Finally, consumer discretionary shares got themselves over the line, as you can see by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.11% bump.

Top 10 ASX 200 shares countdown

Today's winner was healthcare share 4DMedical Ltd (ASX: 4DX). 4DMedical shares soared 7.19% higher this session to close at $3.43 each. This may have been a reaction to last week's announcement.

Here's the rest of today's best: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

I've reviewed the reports coming out of the major broking houses and zeroed in on four from Canaccord Genuity, which profile companies that could do very well indeed.

Let's see which companies they like at the moment.

Bravura Solutions Ltd (ASX: BVS)

Shares in Bravura jumped last week after the company delivered a better-than-expected earnings update for the past financial year.

The company said revenue would be within its previously guided range of $280 to $285 million, but cash EBITDA would be about $77 million, compared with previous guidance of $69 to $73 million.

Managing Director Colin Greenhill said the company had "continued to manage costs well whilst investing in core technology and exploring new initiatives''.

Canaccord Genuity said in its note to clients they believed cost management was the key to the result.

They said:

With costs very tightly managed in the half, we believe this positions BVS well entering FY27. With the new financial year potentially having lower project work, in our view, given FY26 featured work on the Aware and Telstra Super merger (of which Aware has labelled as completed), the potential for lower FY27 project revenue seems to be well managed by the cost-base being tightly managed.

The broker has a $2.73 price target on Bravura shares compared to $2.17 at the time of writing.

Light & Wonder Inc (ASX: LNW)

Canaccord Genuity said a recent share price pullback has Light & Wonder shares trading near 12-month lows, "and offering valuation constructs not seen in recent years''.

They added:

In addition, a widening of the discount to Aristocrat Leisure (ASX: ALL) has been apparent in recent months at levels not far from historic peaks. We remain attracted to the LNW thesis and consider the business to have a solid medium-term growth profile.

The broker has a $182 price target on Light & Wonder shares compared to $102.78 at the time of writing.

Mesoblast Ltd (ASX: MSB)

This drug company recently reported its quarterly sales results for its flagship drug Ryoncil, notching up US$36 million for the quarter and US$115 million for the full year.

The company's Chief Executive Officer, Dr Silviu Itescu, said Mesoblast was anticipating continued revenue growth in the current financial year, "in line with momentum we are seeing across major U.S. paediatric centres''.

Canaccord Genuity said it viewed consensus estimates of US$180 to US$190 million in Ryoncil sales this year as ambitious, but still has a bullish share price target of $3.23, up from $2.34 at the time of writing.

Pantoro Gold Ltd (ASX: PNR)

Canaccord Genuity has a very bullish $4.20 share price target on this company, compared to the price of $2.04 at the time of writing, but stresses that this is a speculative buy for investors.

Pantoro missed production estimates for the June quarter, but Canaccord said the longer-term story was of interest.

PNR expects to release its 5-year production plan this quarter alongside its annual Resource and Reserve update, which we expect will incorporate the new high-grade underground zones being delineated by PNR's extensive ongoing growth program. We note PNR has reaffirmed its long-term growth target of up to 200kozpa of production.

This compares to the current guidance for FY27 of 90,000 to 105,000 ounces of gold.

The post 4 ASX shares which could improve by 25% to more than 100% appeared first on The Motley Fool Australia.

At the time of writing, the Pantoro share price is down a massive 20.59% to $1.755.

The fall adds to a brutal run for the ASX gold stock. Pantoro shares are now down around 34% over the past month and 64% since the start of 2026.

Here's what the company revealed.

Production misses the mark

According to the release, Pantoro produced 77,408 ounces of gold in FY26, including 18,028 ounces in the June quarter.

The weaker result mainly came down to the underground operations.

Pantoro said production was below expectations at the OK and Scotia underground mines, with contractor performance and labour shortages both weighing on the result.

The OK mine also had a messy finish to the year.

Production in May was hit by the changeover to a new mining contractor. June was better, but Pantoro said the ramp-up under the new contract is still underway.

The company also had to deal with higher ground pressure and unexpected seismic activity in the deeper parts of OK. As a result, Pantoro had to change access plans and adjust the mining sequence.

FY27 guidance fails to settle nerves

Pantoro's FY27 guidance probably hasn't helped sentiment either.

The company is expecting production of 90,000 to 105,000 ounces, with all-in sustaining costs (AISC) of $2,800 to $3,400 an ounce.

Pantoro said the first half of FY27 will be more about stabilising the operation as the recent changes start to flow through.

A stronger finish is expected later in the year, helped by new ore sources coming into the mine plan.

Management expects the first half to deliver 40% to 45% of annual production, with the remaining 55% to 60% coming in the second half.

Balance sheet remains a positive

The update was not all bad, though.

Pantoro said cash and gold bullion grew from $175.8 million to $223.4 million during FY26, and the company remains debt-free.

It also put around $14.8 million into an on-market share buyback, invested $54 million in exploration, and spent around $67 million on major projects capital.

Can Pantoro shares recover?

Pantoro still has a few ways to lift production at Norseman.

Green Lantern is expected to restart from the September 2026 quarter, while O'Brien's Reef, Gladstone, Daisy South, and the Mega Resources partnership are also expected to add ore through FY27.

The debt-free balance sheet helps, but the market isn't going to care much about extra ore sources unless production starts to improve.

Until then, Pantoro needs to show that the changes underground are actually making a difference.

The post This ASX gold stock just crashed 20%. Here's why investors are selling appeared first on The Motley Fool Australia.

But when markets are volatile, it's a good time to look at the investment opportunity hiding among oversold shares.

Here are three that spring to mind.

Pantoro Gold Ltd (ASX: PNR)

Pantoro is a gold producer and exploration company based in Western Australia. The company's flagship operation is the 100%-owned Norseman Gold Project in the state's Eastern Goldfields region, and the ASX gold producer is also exploring a portfolio of regional targets in the Kimberly region. The gold miner's shares crashed by around 48% in March after it released its drilling results from its Norseman project and cut its production guidance following weather disruptions. The update overshadowed what were otherwise strong financial results. But subsequent updates have suggested the disruption was temporary and brokers are very bullish that Pantoro's share price can rebound quickly. Market Index data shows that the majority of brokers have a buy rating on the shares. The $4.99 target price implies an impressive potential 115% upside at the time of writing. 

Qoria Ltd (ASX: QOR)

Qoria is a small-cap cybersecurity company that offers online safety technology for children, including school and parental controls. The company aims to become the global leader in children's digital safety and well-being within three years. The ASX company has reached 30 million students in 32,000 schools and earns a significant annual recurring revenue from ongoing school contracts. In its half-year FY26 result, Qoria announced a 25% increase in revenue and a 68% hike in EBITDA. And brokers think the strong rate of expansion can continue. Market Index shows brokers have a consensus strong buy rating on the ASX shares and an average 58 cents target price. That implies a huge potential 138% upside at the time of writing.

Amplitude Energy Ltd (ASX: AEL)

Amplitude is an Australian energy company that supplies gas and oil to the domestic market. The company has a number of major gas supply contracts with customers, including AGL Energy Ltd (ASX: AGL) and Origin Energy Ltd (ASX: ORG). Its gas segment accounts for the vast majority of the company's revenue. Its share price crashed in March after the company announced that its Isabella gas discovery was not commercially viable, despite earlier encouraging drilling results. But Ampitude continues to produce and sell gas from its other existing projects, and Isabella wasn't the only growth project in the works. Brokers see the sell-off as excessive. The majority hold a buy rating, and they tip a 99% upside to an average $2.51 target price over the next 12 months. 

Xero Ltd (ASX: XRO) 

The ASX 200 tech shares have been beaten down over the past year after concerns about the company's valuation and earnings outlook. Xero was caught up in a sector-wide sell-off late last year and in early 2026 as investors rotated away from tech stocks amid concerns about AI competition. But now I think the sell-off has been way overdone. Xero benefits from an incredibly sticky subscription base and high customer retention rates. This means its revenue is relatively predictable. As a relatively small market player, it also has a lot of growth potential. Most analysts have a strong buy rating on the shares. They tip an upside of around 90% to an average target price of $141.56. 

The post Are these oversold ASX shares too good to pass up? appeared first on The Motley Fool Australia.

It was a happy hump day for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Wednesday, as investors continue to bask in worldwide market optimism.

After yesterday's close call and slight rise, investors were more decisive today, sending the ASX 200 up a confident 0.54%. That leaves the index at 8,966.3 points, its highest level in two months.

This optimistic midweek session for Australian shares follows a mixed night on the American boards.

The Dow Jones Industrial Average Index (DJX: .DJI) was on fire, gaining 0.64% after hitting a new record high.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't so lucky, though, and fell 1.15%.

But let's return to the local markets now and examine what was going on amongst the various ASX sectors today.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) enjoyed its second positive trading day of the week so far this Tuesday, although it was a close call.

After yesterday's euphoric session, investors were far more downbeat this morning, with the ASX 200 opening sharply lower. However, the index recovered over the rest of the day, and eventually finished up 0.042% at 8,917.7 points.

This cautious day for Australian investors comes after an excited start to the American trading week on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was in fine form, rising 0.92%.

But the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was off to the races, rocketing a hefty 3.07%.

Let's return to the local markets now and take stock of what the different ASX sectors were up to today amid our middling trading conditions.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Gold is a safe haven that is usually defensive in times of geopolitical upheaval. Yet the gold price has fallen as the war has continued.

In 2025, the gold price surged 65%, and that followed a 24% increase in 2024.

Contrast that with this year, during which the gold price has risen just 4% higher over five months.

Why?

Gold price was elevated before war began

James Gruber, an Equity Market Strategist at CommSec, says the gold price began surging in 2022, mostly due to central bank buying.

Central banks began diversifying their reserves after the US and allies froze about US$300 billion of Russia's foreign exchange reserves as punishment for invading Ukraine.

In an article, Gruber explained:

This hamstrung Russia's central bank, but it also sent a signal to other countries that their reserves could be frozen at any time.

In other words, their holdings in the likes of US Treasuries were not as safe as previously assumed.

That spurred many central banks to buy large amounts of gold, which was deemed by them to be a safe alternative to holding US-denominated assets.

Demand from central banks was the biggest catalyst pushing the gold price higher.

Once the trend became clear, retail investors joined in.

They bought ASX gold shares, gold ETFs and bullion, and many cashed in their gold jewellery.

Gruber recalled:

You might recall the large lines outside of gold bullion stores in Australia, especially in September and October last year.

That propelled gold prices to reach an intraday record of US$5,589 an ounce in late January.

Since then, and especially after the war began, prices have fallen sharply, albeit there has been a small recovery recently.

Rising demand for gold between 2022 and 2025 also occurred alongside a weakening US dollar, which made gold that much more attractive.

Gruber explains:

In recent years, doubts about the future of the US dollar have arisen with the US running a trade deficit of 6% of GDP and having government debt to GDP of close to 100%, near the highs reached during World War Two.

The current US President, Donald Trump, has further increased the deficit through a combination of tax cuts and higher spending.

What changed after the Iran war began?

Although the gold price has fallen 17% since the war began, the war was not the trigger that disrupted its three-year bull run.

A major sell-off occurred at the very end of January after the gold price ripped nearly 30% in the first month of 2026.

Gruber said central banks may have taken profits after the gold price reached a historical closing high of $5,589 per ounce on 28 January.

Many retail investors also sold their ASX gold shares, ETFs, and bullion during and after that dramatic sell-off.

Then the war began on 28 February.

Sprott Managing Partner, Paul Wong, said the war sparked a rush to liquidity and forced deleveraging for investors.

He argues this does not diminish gold's new role as a strategic asset in the long term.

Gruber notes that the weakened US dollar gained a bit of ground after the war began. This further dampened demand for gold.

Gold is globally quoted in US dollars so when the dollar strengthens, gold becomes more expensive in other currencies, which can result in demand softening, and prices to fall.

This hints at another potential reason for gold's recent plunge. That is, rising real yields.

When real yields (bond yields minus inflation) rise, it makes no yielding assets like gold less attractive.

Rising bond yields

James Gerrish and Shawn Hickman from Market Matters discussed how rising bond yields were weighing on gold in a recent webinar.

Hickman said:

If you can get 5% in the bank with no risk, gold's got to outperform that.

And gold is moving directly with or against bonds. So, as bond [prices] fall, gold's falling.

When US bond yields go up, it weighs on gold.

Bond yields rise when bond prices fall because the interest those bonds pay becomes a larger percentage of their market price.

For example, if a bond that costs $1,000 pays $50 a year in interest, the yield is 5%.

If the bond price falls to $900, that $50 annual interest payment now equals a yield of 5.56%.

The analysts noted that the crowded trade in ASX gold shares had unwound somewhat this year, given the stalled gold price.

Hickman said:

… because we've had so many people overweight the sector. People are holding gold. They haven't got out.

In a lot of cases, you're seeing a bit of a exaggeration move in that regard.

Other factors weighing on demand for gold

As we recently reported, higher interest rates in Australia have pushed everyday savings account rates to 5.5% or higher.

Given that gold is a non-yielding asset, higher interest rates tend to be a headwind for the yellow metal.

The ongoing oil shock is creating resurgent inflation in many nations, including Australia, which means interest rates may rise further.

This may further dampen investor appetite for gold in the short to medium term.

Meanwhile, the US and Iran are reportedly close to a deal that would end the war and reopen the Strait of Hormuz.

The Strait, through which about 20% of the world's oil and gas supply is shipped, has been effectively at a standstill since early March.

Wong points out that Gulf Cooperation Council nations are some of the world's largest accumulators of reserves.

Their gold purchases are funded mainly by oil exports, which have been stalled due to the effective closure of the Strait.

That means many Middle Eastern nations have not had the revenue to continue buying gold.

Wong said the gold price "does not require outright selling to fall; the loss of incremental buying pressure is sufficient".

He also pointed out that the war led to an aggressive investment capital rotation out of metals and into energy.

This has drawn investment flows away from gold and other metals.

ASX gold shares in 2026

Here is a snapshot of how ASX gold shares have performed in 2026 compared to their rise in 2025.

The post Why has the gold price fallen 17% since the Iran war began? appeared first on The Motley Fool Australia.

At the time of writing, the Pantoro share price is up 3.39% to an intraday high of $3.505.

That takes its gain over the past week to almost 10%, giving shareholders some relief after a tough start to the year.

But even after today's rise, Pantoro shares remain down around 30% in 2026.

So, what has investors buying today?

A high-grade discovery at Racetrack

In its ASX announcement, Pantoro said it has made a significant high-grade gold discovery at the Racetrack target.

Racetrack sits within the company's 100%-owned Norseman Gold Project in Western Australia.

The discovery is part of Pantoro's wider drilling program across the Norseman Mainfield. The program is testing Racetrack, Golden Goose, and extensions to the Crown Reef.

Pantoro said drilling along the Racetrack trend has found a high-grade zone over a current strike of 400 metres. It extends from near surface to 600 metres depth.

The company also advised that the zone remains open to the east and down dip.

Some of the standout intercepts include 8 metres at 28.68 grams per tonne gold, including 1 metre at 189.84 grams per tonne.

Another result came in at 2.01 metres at 82.99 grams per tonne, including 1 metre at 165 grams per tonne.

Close to existing infrastructure

Pantoro said Racetrack is around 600 metres north of the OK Underground Mine and existing infrastructure.

That short distance could make the discovery more valuable if follow-up drilling supports a mineable resource.

Discoveries close to existing operations are usually easier to assess because the roads, mine access, plant, and other infrastructure are already nearby.

Notably, Pantoro Managing Director Paul Cmrlec said the company has a "clear pathway" to bring the ore into production in a capital-efficient way.

A closer look at the Norseman project

Pantoro is focused on unlocking the full potential of the Norseman Gold Project.

The project has a 1.2 million tonne per annum processing plant and two active underground mines. It also has an ore reserve of 949,000 ounces.

Pantoro's medium-term aim is to lift production above 200,000 ounces per year.

The company has also been generating stronger cash flow recently.

In the March quarter, Pantoro produced 17,757 ounces of gold and sold 20,016 ounces at an average price of $6,916 per ounce.

The stronger gold price helped drive quarterly EBITDA to $88.4 million.

Foolish Takeaway

The share price had a poor start to 2026, but the company is producing gold, generating cash, and still finding high-grade mineralisation at Norseman.

Racetrack is still an early-stage discovery, so follow-up drilling will be needed.

The post This ASX gold stock is up 10% in a week. Here's why appeared first on The Motley Fool Australia.

Pantoro is a West Australian gold production and development company. Its flagship asset is the 100%-owned Norseman Gold Project (NGP), south of Kalgoorlie in WA.

However since hitting a recent peak of nearly $6 per share in March, this ASX gold stock has fallen significantly. 

Since early March, it has dropped more than 46%. 

At the end of April, the company released a quarterly report, which prompted updated guidance from the team at Bell Potter. 

What did this ASX gold company report?

All-in Sustaining Cost (AISC) for the quarter was $3,204 per ounce, generating EBITDA was $88.4 million.

The company reported March quarter gold production of 17,757oz from the Norseman Gold Project (NGP) at All-In-Sustaining-Costs (AISC) of A$3,204/oz. 

The result was a miss compared with Bell Potter's forecast of 20,861oz at A$2,604/oz. 

Production was impacted by flooding at the Scotia underground associated with Cyclone Mitchell in February, and by significant loader downtime throughout February and March.

The company also said it expects a strong finish to FY2026 and is currently on track to achieve the guidance range of 86,000 to 92,000 ounces by the end of the year.

Buy, hold or sell?

After falling significantly this year, investors might be hoping for a buy-low opportunity for this ASX gold stock. 

However, based on Bell Potter's guidance, it seems there is limited upside. 

The broker has maintained its hold recommendation. It also lowered its price target to $3.55 (previously A$4.20). 

From yesterday's closing price of $3.16, this indicates a modest upside of 12%. 

PNR offers unhedged gold production exposure and potential production growth, but we see multiple risks to both the near and medium-term outlook. It has a strong balance sheet, continues to generate positive free cash flow and has an active share buyback program in place.

However, we expect the market to apply a risk discount until delivery to guidance is restored.

Brokers views mixed

It is worth noting that there is more optimism for this ASX gold stock from other brokers. 

Recently, the team at Morgans said although its production was softer than expected during the third quarter, there is upside for this ASX gold stock. 

Morgans has put a buy rating and $6.29 price target on its shares. 

This indicates an upside potential of 99%. 

The post Is this ASX gold stock a buy, hold or sell after its quarterly results? appeared first on The Motley Fool Australia.

The team at Morgans appears to believe this could have created a buying opportunity and has named three ASX 200 gold shares to buy this week.

Here's what it is recommending to clients:

Newmont Corporation (ASX: NEM)

Morgans thinks Newmont, which is the world's largest gold miner, could be an ASX 200 gold share to buy.

In response to its stronger than expected quarterly result, the broker has put a buy rating and $208.00 price target on its shares. It said:

Strong beat and capital returns increased: NEM delivered a strong beat across multiple operating and financial metrics, while completing its US$6bn buyback and announcing a further US$6bn program. The result reinforces NEM's positioning as a high-quality, cash-generative gold producer with strong balance sheet flexibility and increasing capacity to return capital to shareholders. Maintain BUY rating with a A$208ps target price.

Pantoro Gold Ltd (ASX: PNR)

Another gold share that could be a buy according to Morgans is Pantoro Gold.

Although its production was softer than expected during the third quarter, the broker remains positive. In response, it has put a buy rating and $6.29 price target on its shares. It said:

PNR reported gold sales for 3Q26 of 20.0koz at an AISC of A$3,204/oz, generating revenue of A$138.9m from an average realised price of A$6,916/oz. Production of 17.8koz fell below expectations despite the company's revised guidance released in March, paired with a substantially higher cost of production.

Whilst we forecast a narrow miss to FY26 guidance, we still anticipate a material uplift in 4Q26 ounce production as Gladstone open-pit delivers higher ore volume to the mill alongside Mega Resources ore treatment partnership. We maintain our BUY rating, with a price target of A$6.29ps (previously A$6.53ps) – the revision a function of adjustments to long-term head-grade and 4Q26.

Regis Resources Ltd (ASX: RRL)

A third ASX 200 gold share that Morgans is tipping as a buy this week is Regis Resources.

Like Newmont, it outperformed the broker's expectations during the third quarter.

As a result, Morgans upgraded the company's shares to a buy rating with a $10.07 price target. It said:

Gold sales of 89.1koz at an AISC of A$2,807 beat our expectations whilst performing in line with company guidance, delivering revenue of A$622m at an average realised price of A$6,977/oz. RRL continues to build a substantial cash balance, adding an additional A$198m bringing the total to A$1.12bn. Replenished ounces with group MRE exceeding 10% yoy resource growth underpinning future production.

We upgrade to BUY (from HOLD) following recent weakness across the gold sector which we believe has uncovered value in RRL underpinned by attractive immediate term cash generation paired with a structured capital management framework.

The post Morgans names 3 ASX 200 gold shares to buy appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is down 2% to $1.17. Investors have been selling the energy company's shares following the release of a disappointing third-quarter update. Beach Energy reported production of 4.8 MMboe for the quarter, which was up 7% on the prior quarter. However, it has downgraded its full year production guidance and now expects FY 2026 production to be in the range of 19.4 MMboe to 20.3 MMboe. This is down from its previous guidance range of 19.7 MMboe to 22.0 MMboe. This reflects a combination of factors, including weather-related disruptions, ramp-up challenges at the Waitsia Gas Plant, and cyclone-related shutdowns.

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's share price is down 10% to $15.96. The catalyst for this has been the release of an update from Domino's Pizza Inc (NASDAQ: DPZ) in the United States overnight. It revealed same-store sales growth of just 0.9%, which was lower than the 2.3% increase the market was expecting. It also lowered its guidance for the full year. Investors may believe Domino's Pizza Enterprises could also be struggling in the current environment.

Origin Energy Ltd (ASX: ORG)

The Origin Energy share price is down a further 4% to $11.60. Investors have been selling the energy giant's shares this week after it released its quarterly report. Origin revealed that March quarter production was lower compared to the prior quarter. It also advised that Integrated Gas revenue was down $247 million compared to the prior quarter at $1,855 million. This reflects lower realised LNG prices. Origin Energy's CEO, Frank Calabria, said: "Global commodity markets have experienced significant volatility this quarter, with the conflict in the Middle East affecting oil and LNG supply. Changes in oil prices have a lagged effect on Australia Pacific LNG's long term export contracts, and we do not expect this to flow through to results until FY27."

Pantoro Gold Ltd (ASX: PNR)

The Pantoro Gold share price is down 10% to $3.44. This follows the release of the gold miner's quarterly update. Pantoro Gold revealed production of 17,757 ounces of gold, which is down 19.5% quarter on quarter. Also going the wrong way was its all-in sustaining cost, which increased 24.5% to $3,204 per ounce.

The post Why Beach Energy, Domino's, Origin Energy, and Pantoro Gold shares are dropping today appeared first on The Motley Fool Australia.

Pantoro Gold shares closed yesterday trading for $3.81. In morning trade on Tuesday, shares are swapping hands for $3.52 each, down 7.6%.

For some context, the ASX 200 is down 0.6% at this same time, while the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down a steeper 2.1%.

Pantoro is focused on its 100%-owned Norseman Gold Project, located in Western Australia. The project has a current Total Mineral Resource of 4.6 million ounces of gold.

Here's why investors look to be favouring their sell buttons today.

ASX 200 gold stock slides on weather woes

Pantoro Gold shares are under pressure following the release of the company's third-quarter update (Q3 FY 2026).

For the three months to 31 March, the ASX 200 gold stock produced 17,757 ounces of gold. That's down 19.5% quarter on quarter.

The miner sold 20,016 ounces of gold during the quarter, receiving an average price of $6,916 per ounce.

Investors will also have noted the rising costs.

Pantoro Gold reported an all-in Sustaining Cost (AISC) for the quarter of $3,204 per ounce. That's up 24.5% from the AISC of $2,573 per ounce in Q2 FY 2025.

On the earnings front, the ASX 200 gold stock reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of $88.4 million.

The miner's cash and gold balance increased by $37.7 million over the quarter, after exploration and project capital expenditures of $32.7 million.

Over the three months, Pantoro Gold continued with its exploratory drill campaign, operating four underground diamond drill rigs and three reverse circulation (RC) surface rigs. The miner expects a fifth underground diamond drill at Norseman within the next few weeks.

The March quarter also saw Pantoro Gold announce a share buyback program. The company has since purchased some $4.63 million worth of shares under the buyback program.

What's been hampering Pantoro Gold's operations?

Like many miners in Western Australia, the ASX 200 gold stock was hit with wet weather and low cloud during February and March.

This impacted flights in and out of site, open-pit mining, and ore haulage activities. Pantoro's Scotia mine also suffered flooding from Cyclone Mitchell.

As for impacts from the Middle East conflict, management noted:

To date, Pantoro has not been affected by the nation-wide fuel shortages and has long term supply contracts in place with a major Australian refiner and fuel supplier. The situation is being closely monitored with contingency planning in place should it be required in the future.

Management reaffirmed that Pantoro Gold is on track to achieve its full-year FY 2026 production guidance range of 86,000 to 92,000 ounces of gold.

The post Why is this $1.5 billion ASX 200 gold stock tumbling 8% today? appeared first on The Motley Fool Australia.