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Pantoro Gold Limited
(Sydney:PNR)
Pantoro Gold Limited (PNR) vs. iShares MSCI Australia ETF (EWA)
Pantoro Gold Limited Business Overview & Revenue Model
Pantoro Gold Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 357.30M | 357.30M | 229.43M | 98.54M | 73.52M | 87.79M |
| Gross Profit | 96.40M | 96.40M | 31.46M | -55.02M | -1.84M | 17.25M |
| EBITDA | 162.72M | 162.72M | 51.22M | -55.48M | 20.74M | 33.44M |
| Net Income | 56.66M | 56.66M | -49.31M | -74.64M | -10.74M | 12.00M |
Balance Sheet | ||||||
| Total Assets | 692.79M | 692.79M | 560.88M | 514.91M | 294.63M | 221.38M |
| Cash, Cash Equivalents and Short-Term Investments | 151.65M | 151.65M | 98.12M | 42.61M | 52.04M | 47.38M |
| Total Debt | 78.35M | 78.35M | 56.12M | 79.57M | 56.50M | 19.82M |
| Total Liabilities | 183.49M | 183.49M | 147.58M | 176.69M | 101.74M | 65.65M |
| Stockholders Equity | 509.30M | 509.30M | 413.30M | 338.22M | 192.90M | 155.73M |
Cash Flow | ||||||
| Free Cash Flow | 75.26M | 75.26M | -41.29M | -81.08M | -49.21M | -15.61M |
| Operating Cash Flow | 182.00M | 182.00M | -563.17K | -17.13M | 19.74M | 33.62M |
| Investing Cash Flow | -104.17M | -104.17M | -11.33M | -68.28M | -73.63M | -51.46M |
| Financing Cash Flow | -24.31M | -24.31M | 67.40M | 75.98M | 58.55M | 42.73M |
Pantoro Gold Limited Technical Analysis
Pantoro Gold Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$2.00B | 16.64 | 27.46% | ― | 14.01% | 331.24% | |
63 Neutral | AU$1.46B | 48.38 | 10.01% | ― | 153.02% | -85.25% | |
62 Neutral | AU$1.97B | 34.71 | 12.22% | ― | 55.73% | ― | |
62 Neutral | AU$2.73B | 151.76 | 1.55% | ― | 42.75% | -5.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$2.50B | -48.86 | -6.65% | ― | 69.51% | -153.68% | |
39 Underperform | AU$1.94B | -143.40 | -6.52% | ― | ― | -29.27% |
Pantoro Gold Limited Corporate Events
Pantoro Gold Limited has announced significant findings from its ongoing underground and surface diamond drilling program at the Scotia Underground Mine, part of its Norseman Gold Project. The extensional drilling has confirmed high-grade mineralization extending up to 135 meters below the current indicated mineral resource, suggesting potential for substantial extensions to the mine plan. These results, which include numerous high-grade intersections, reinforce the company’s confidence in the Scotia geological model and indicate that the mine could evolve into a long-life, high-grade underground operation, supporting ore feed for many years.
Pantoro Gold Limited announced that Tulla Resources Group Pty Ltd, a significant shareholder and associate of Non-Executive Director Mr. Mark Maloney, has sold 25,803,360 shares in the company. This sale follows the retirement of Mr. Kevin Maloney from the board and is part of Tulla Resources’ strategy to return capital to its principals and fund other resource projects. Despite the sale, Tulla Resources maintains a significant 6.11% shareholding in Pantoro Gold and remains committed to the company’s long-term success.
Pantoro Gold Limited has announced a change in the director’s interest, specifically regarding Paul Cmrlec, who has acquired 230,113 performance rights under the company’s Incentive Awards Plan. This issuance, approved at the Annual General Meeting, reflects a strategic move to align the director’s interests with the company’s growth objectives, potentially impacting the company’s operational focus and stakeholder engagement positively.
Pantoro Gold Limited announced the issuance of 631,127 performance rights as part of an employee incentive scheme. These unquoted securities are not intended to be listed on the ASX, indicating a strategic move to motivate and retain key personnel, which could enhance operational efficiency and align employee interests with company goals.
Pantoro Gold Limited announced the cessation of Kevin Maloney as a director effective November 26, 2025. Maloney held significant interests in the company through Tulla Capital Partners Pty Ltd and Tulla Resources Group Pty Ltd, with a total of 49,910,755 fully paid ordinary shares. This change in directorship may impact the company’s governance and strategic direction, potentially influencing stakeholder interests and market perceptions.
Pantoro Gold Limited announced the successful outcomes of its Annual General Meeting, with all resolutions carried on a poll. The resolutions included the election of a director, ratification of loan conversion shares, approval of an incentive awards plan, and other key governance and compensation matters. These approvals are expected to support the company’s strategic initiatives and enhance its governance framework, potentially impacting its operational efficiency and stakeholder confidence.
Pantoro Gold Limited has released a presentation for its 2025 Annual General Meeting, providing general information about the company. The document emphasizes that it is not an offer or financial advice, and it contains forward-looking statements subject to various risks inherent in the gold and mining industries. The presentation highlights potential impacts on the company’s operations and market positioning, while disclaiming responsibility for the accuracy or completeness of the information provided.
Pantoro Gold Limited has announced continued high-grade results from its underground drilling program at the Norseman Gold Project’s Mainfield. The drilling has successfully intersected high-grade mineralization in both the Crown South and O’Briens Reefs, indicating significant potential for future mine development. The company is advancing mine dewatering and rehabilitation efforts, with plans to commence mining within the next six to nine months, leveraging existing infrastructure. These developments highlight the project’s promising prospects and potential impact on Pantoro’s operational growth and market positioning.
Pantoro Gold Limited has released a presentation to provide general information about the company, emphasizing that the document should not be considered a comprehensive or accurate representation for evaluating the company. The presentation includes forward-looking statements about the company’s future plans and performance, highlighting the inherent risks and uncertainties associated with the gold and mining industries. Stakeholders are advised to conduct their own investigations before making investment decisions, as the presentation does not constitute financial advice or an offer to buy or sell securities.
Pantoro Gold Limited announced that its Managing Director, Paul Cmrlec, has sold 220,000 ordinary shares to meet personal obligations, retaining approximately 75% of his shareholding. This transaction was conducted in compliance with the company’s Securities Trading Policy, and Mr. Cmrlec maintains a significant interest in the company, holding 676,281 shares directly or through associated entities. The sale is a minor adjustment in his holdings and is not expected to impact the company’s operations or market position.
Pantoro Gold Limited announced that Non-Executive Director Kevin Maloney sold 1,074,890 ordinary shares to meet personal obligations, a small portion of his total holdings. Despite the sale, Maloney retains a significant interest in the company and remains supportive of its growth strategy and the gold market. The transaction was conducted according to the company’s Securities Trading Policy, and Maloney’s continued involvement with the Norseman Gold Project underscores his commitment to its development.
Pantoro Gold Limited has announced a proposed issue of 631,127 performance rights, with the issuance date set for November 26, 2025. This move is part of the company’s strategic efforts to strengthen its financial position and support its ongoing projects, potentially impacting its operational capabilities and market positioning.
Pantoro Gold Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 26, 2025, in West Perth. The company will not be sending hard copies of the meeting notice to shareholders who have not opted for electronic copies, instead making it available on their website. Shareholders are encouraged to vote online or via mail, with proxy voting instructions due by November 24, 2025. This move reflects a shift towards digital communication and could streamline shareholder engagement processes.
Pantoro Gold Limited has announced significant updates regarding its operations, highlighting its focus on optimizing production and enhancing efficiency. The company is actively working on improving its operational capabilities, which could potentially strengthen its market position and provide better returns for stakeholders.
Pantoro Gold Limited has released its quarterly results presentation for the September quarter of 2025. The presentation, intended for informational purposes, highlights the company’s performance and strategic plans. However, it does not serve as an offer or financial advice for investment in Pantoro’s securities. The document includes forward-looking statements that are subject to various risks inherent in the gold and mining industries, such as commodity price fluctuations and regulatory changes. Stakeholders are advised to consider these risks and conduct their own analyses before making investment decisions.
Pantoro Gold Limited reported a production of 19,551 ounces of gold for the quarter ending September 2025, with an all-in sustaining cost of $3,139 per ounce and an EBITDA of $53.9 million. The quarter was marked by operational challenges leading to lower grades at the Scotia and OK mines, but these issues have been resolved. The company anticipates improved performance with a reaffirmed full-year guidance of 100,000 to 110,000 ounces at a lower AISC. Significant investments were made in exploration and project capital, and the company increased its cash and gold balance by $5.6 million. Notably, high-grade mineralization was confirmed at the Slippers open pit, and ongoing drilling at the Bullen mine shows promising results, indicating potential for future underground development.
Pantoro Gold Limited has announced promising initial results from its underground drilling program at the Norseman Gold Project, specifically from the Bullen Decline in the Mainfield. The drilling has successfully intersected all targeted structures, revealing high-grade mineralization, including significant gold grades. This development marks a significant step towards resuming mining operations in the Mainfield, with plans to fast-track development as economically viable ore panels are defined. The ongoing efforts include dewatering and rehabilitation of the Bullen Decline, with the aim of transitioning to the development of additional ore zones.
Pantoro Gold Limited has announced that its Annual General Meeting (AGM) will take place on 26 November 2025, where the election of directors will be a key agenda item. The deadline for director nominations is set for 8 October 2025. This announcement is part of Pantoro Gold’s ongoing efforts to maintain strong governance and strategic leadership as it continues to focus on its high-grade Norseman Gold Project, aiming to enhance its position in the gold mining industry.
Pantoro Gold Limited has released its Corporate Governance Statement, highlighting its adherence to the ASX Principles. The company has implemented comprehensive governance systems, including a Board Charter that delineates roles and responsibilities, a Diversity Policy with measurable gender diversity objectives, and processes for evaluating board and executive performance. These measures are designed to enhance transparency and accountability, potentially strengthening Pantoro’s position in the industry and reassuring stakeholders of its commitment to governance excellence.
Pantoro Gold Limited has reported a transformative financial year in 2025, marked by significant increases in cash flow, EBITDA, and the elimination of debt. The company produced 84,564 ounces of gold, resulting in a gross profit of $96.4 million and a revenue of $357.3 million. Operationally, the Scotia Underground Mine reached full production, and the OK Underground Mine saw substantial production increases, extending its mine life. The Norseman Processing Plant operated efficiently, contributing to improved recovery rates. These achievements position Pantoro Gold well for executing its growth strategy over the next two years.
Pantoro Gold Limited has released its Annual Report for 2025. The report includes information about the company’s board of directors and corporate directory, indicating a structured leadership and operational framework. The report’s release is crucial for stakeholders as it provides insights into the company’s governance and strategic direction, which could impact its market positioning and operational decisions.
Pantoro Gold Limited has released its annual Mineral Resource and Ore Reserve statement for the Norseman Project, reporting a total Mineral Resource of 43,194,000 tonnes at 3.3 g/t Au for 4,601,000 ounces and a total Ore Reserve of 12,777,000 tonnes at 2.1 g/t Au for 859,000 ounces. The company has successfully increased its underground Mineral Resources and Ore Reserves, extending the life of its mines despite mining depletion. Notable updates include a 13.5% increase in the Ore Reserve for the OK Underground Mine and a complete replacement of underground mining depletion at the Scotia Underground Mine. The company has also removed all Mineral Resource and Ore Reserve inventory related to the Halls Creek Project following its sale.
Pantoro Gold Limited announced that Non-Executive Director Mark Maloney has sold 939,776 ordinary shares to meet personal obligations, marking his first sale of company shares. Despite this sale, Maloney retains a significant interest in Pantoro Gold with over 50 million shares, indicating no current intention to further reduce his holdings. The transaction adheres to the company’s Securities Trading Policy and reflects Maloney’s ongoing commitment to the Norseman Gold Project, where he has been a significant investor since 2012.
Pantoro Gold Limited has released a presentation for a North American roadshow, providing general information about the company. The document emphasizes that it should not be considered a complete or accurate representation for evaluating Pantoro, and it is not an offer or solicitation for securities. The presentation includes forward-looking statements about the company’s future operations and performance, highlighting potential risks and uncertainties associated with the gold mining industry.