Pantoro Limited (AU:PNR) has released an update.
Pantoro Limited has reported a successful quarter with gold production climbing to 20,805 ounces, a significant increase from the previous quarter, alongside a robust EBITDA of $25.8M. The company has strengthened its financial position by completing a $95 million capital raise and fully repaying the Nebari Term loan, which will save approximately $11.4 million in interest. Additionally, Pantoro is advancing its mining operations, with the Norseman Project’s processing plant exceeding expectations and new mining developments on schedule.
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