What’s not to be positive about ? … and not just Pantoro, across the industry average gold sale price this qtr will be circa $350 an ounce higher … More jobs going from the lithium, nickel and iron ore space continuing to fill mining vacancies and stabilise costs, contractor availability improving with tighter rates.
All good for companies like Pantoro wanting to explore, increase mining fronts and look at mill expansion.
PNR, unhedged will see the full benefit of gold price rise.
Immediately will see reduction in financing costs due to cap raise.
Open pit in run off mode with reduced waste movement, operational costs and larger margins.
Higher grade underground coming on line within months.
From today’s announcement the indication is,
Milling tonnes have increased this qtr,
Production will exceed the previous qtr,
Clearly stated strong cashflow generation.
The time to buy was this morning … well done
@Joelstar for dipping in.
