Pantoro reports record gold production for December

Company News

by Jessica Ellerm

Pantoro Limited (ASX:PNR) has announced gold production hit a monthly record in December, coming in at 4,627 ounces.

Just under 10,000 ounces were produced at its Nicolsons site in the December quarter, a 30 percent increase on the prior quarter.

The company has indicated its production ramp up to 50,000 ounces per annum is also advancing well.

Managing Director Paul Cmrlec said the increasing availability of open pit ore and ongoing production at Nicolsons will see further production increases in the upcoming quarters.

Pantoro Limited reported a net loss of $5.3 million dollars at 30 June 2016.
 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.