An announcement from Pantoro Limited ( (AU:PNR) ) is now available.
Pantoro Gold Limited has announced its intention to fully repay its outstanding Convertible Loan Facility with Nebari Partners LLC by May 12, 2025, which will render the company debt-free. This proactive repayment reduces potential shareholder dilution by 15% and avoids approximately A$1.52 million in interest payments, positioning Pantoro Gold with a stronger balance sheet and the ability to fund ongoing growth programs, thereby delivering long-term value for shareholders.
More about Pantoro Limited
Pantoro Gold Limited is a Western Australia-based gold producer focused on maximizing the potential of its 100%-owned Norseman Gold Project, 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: 84.15%
Average Trading Volume: 2,411
Technical Sentiment Signal: Hold
Current Market Cap: €597.4M
Find detailed analytics on PNR stock on TipRanks’ Stock Analysis page.