PERTH: Pantoro Gold Ltd. closed the fourth quarter of fiscal 2025 with robust results, reporting 25,417 ounces of gold production and a 95.8% recovery rate, underpinned by steady operations at its Norseman project.
The company posted an all-in sustaining cost (AISC) of A$1,991/oz, yielding an EBITDA of A$80.4 million for the quarter. Ending June with A$175.9 million in cash and gold, Pantoro also confirmed it had extinguished its debt two years ahead of schedule by fully prepaying its Nebari loan facility.
Mining activities at the Scotia and OK underground operations continued to ramp up, while surface and underground drilling yielded promising grades. The company sold 24,803 ounces of gold at an average price of A$5,017/oz and 4,621 ounces of silver at A$53/oz.
Pantoro reaffirmed its FY2026 guidance of 100,000 to 110,000 ounces at an AISC range of A$1,950 to A$2,250/oz, with A$55 million allocated to exploration—its largest budget yet.
CEO Paul Cmrlec said the company remains “well-positioned to expand output to 200,000 ounces annually” as it builds mine infrastructure and launches its first major regional drilling programs in three decades.