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The latest announcement is out from Pantoro Gold Limited ( (AU:PNR) ).
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.
The most recent analyst rating on (AU:PNR) stock is a Hold with a A$5.33 price target. To see the full list of analyst forecasts on Pantoro Gold Limited stock, see the AU:PNR Stock Forecast page.
More about Pantoro Gold Limited
Pantoro Gold Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold resources. The company is primarily involved in the Norseman Project, which includes both open pit and underground mining operations.
YTD Price Performance: 247.06%
Average Trading Volume: 2,513,904
Technical Sentiment Signal: Buy
Current Market Cap: A$2.09B
Learn more about PNR stock on TipRanks’ Stock Analysis page.