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Pantoro Gold (PNR) 2025 Conference Transcript
PentairPentair(US:PNR)2025-08-05 02:20

Summary of Pantoro Gold (PNR) 2025 Conference Call Company Overview - Pantoro Gold is the 100% owner of the Norsemen Gold Field, historically the highest grade gold field in Western Australia [1] - The Norsemen Gold Field has produced over 6,000,000 ounces of gold and has approximately 5,000,000 ounces of gold in resource [2] Financial Position - The company has a strong balance sheet with over $175,000,000 in cash and gold at the end of the last quarter [2] - Pantoro Gold has no debt, having paid it off last quarter, and is essentially unhedged [3] Operational Highlights - The all-in sustaining cost last quarter was below $2,000 per ounce, indicating strong cost management [5] - The company is investing over $10,000,000 per quarter in exploration, with a total exploration budget of $55,000,000 for the upcoming year [6] - Production expectations for the next year are between 100,000 to 110,000 ounces of gold, with a focus on starting additional underground mines [7] Mining Operations - The Okay Mine, restarted in 2022, is performing well with a run rate of 40,000 ounces per annum [10] - The Scotia Mine has transitioned from open pit to underground mining, with expectations to produce 100,000 to 120,000 ounces of gold [14] - The company is exploring additional underground opportunities in existing open pits, such as the Princess Royal and North Royal Mines [15][16] Exploration and Growth Potential - The mainfield has produced over half of the historical gold from the Norsemen Gold Field, with significant potential for further discoveries [19] - The company is rehabilitating the Bullen mine and has begun drilling in the Crown South area, which shows promise for high-grade mineralization [22][27] - Regional exploration is being prioritized, particularly in lake areas that have seen limited drilling but show gold hits above 10 grams per tonne [30] Strategic Vision - Pantoro Gold aims to increase production to over 200,000 ounces by enhancing the grade of material processed [17] - The company is confident in its ability to add two additional underground mines in the next two years to support growth ambitions [31] Conclusion - Pantoro Gold is in an exceptional position with strong cash generation, a solid balance sheet, and a committed team to drive exploration and operational growth [31]