Pantoro (ASX: PNR) expects to boost production at its WA based gold project by 1QFY24

Wed 30 Aug 23, 12:35 AM | Team Kalkine

Image source: © Cammeraydave | Megapixl.com

Highlights

Pantoro is a gold production, exploration and development company with operations in WA

During the June 2023 quarter, operating revenue of the company increased by 78.4% QoQ to AUD 28.9 million

Tulla Resources PLC has the highest stake in PNR with a shareholding of 16.29%

Pantoro Limited (ASX: PNR) is a gold exploration, production and development company. The company manages the Halls Creek Gold project, the Norseman Gold project and a commercial-scale gold processing facility in the Kimberley region of Western Australia.

For the three months ended 30 June 2023 (4QFY23), the company registered a 78.4% QoQ jump in operating revenue to AUD 28.9 million and a 13.2% QoQ increase in gold production to 14,077 ounces. The surge in gold production was driven by around 56% QoQ surge in gold production at the Norseman project.

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