The latest announcement is out from Pantoro Limited ( (AU:PNR) ).
Pantoro Gold Limited announced that Nebari Partners LLC has converted a portion of its Convertible Loan Facility into shares, reducing Pantoro’s total debt to approximately US$6.26 million. This conversion signifies a strategic financial move that potentially strengthens Pantoro’s balance sheet and supports its ongoing operations and growth initiatives in the gold mining industry.
More about Pantoro Limited
Pantoro Gold is a Western Australia-based gold producer focused on maximizing the potential of its wholly-owned Norseman Gold Project, known for being one of the highest-grade goldfields in Australia. The company is committed to long-term growth through operational excellence and strategic exploration within the WA mining sector.
YTD Price Performance: 85.37%
Average Trading Volume: 2,904
Technical Sentiment Signal: Sell
Current Market Cap: €624.4M
Learn more about PNR stock on TipRanks’ Stock Analysis page.