Pantoro Limited Achieves Strong Quarterly Gold Production
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Pantoro Limited reported strong quarterly gold production of 19,438 ounces, meeting its guidance. The company achieved a net cash and gold increase of $6.9 million and an EBITDA of $37.5 million, despite a one-off stamp duty payment. The Scotia Underground Mine reached commercial production, and exploration continues. Pantoro adjusted its annual gold production guidance due to deferred activities. The sale of the Halls Creek Project improved its financial position, with total cash and gold reserves of $119.3 million and outstanding debt of approximately $20 million.
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