Pantoro annual gold production up 33% YoY | Finance News Network

Pantoro annual gold production up 33% YoY

Company News

by Anna Napoli

Gold producer, Pantoro (ASX:PNR) has announced its production in the June quarter came in slightly lower than the previous quarter due to unexpected mining dilution.

The gold producer says full year production of over 52 thousand ounces was within its targeted range.

Meantime, annual production grew by 33 per cent on a year on year basis.

The company says the large number of capital upgrade projects completed during the quarter resulted in expenditure of $4.7 million.

Pantoro had $14.9 million in cash and gold at the end of the quarter.

Shares in Pantoro (ASX:PNR) closed flat at $0.30 on Friday
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.