Pantoro Gold (PNR) Q3 2026 TU earnings summary

Executive summary

• Transitioned all underground operations to Redpath as principal contractor from May 1, 2026, replacing WestAuz Mining.

• Produced 17,757 ounces of gold and sold 20,016 ounces at an average price of $6,916/oz for the quarter ended 31 March 2026.

• EBITDA for the quarter was $88.4 million, with cash and gold holdings increasing by $37.8 million (pre-buyback), closing at $250.3 million and no debt.

• Share buyback program executed, repurchasing over 2.1 million shares at an average price of $3.60, totaling $4 million.

• Announced new underground mine developments at Mainfield and O'Briens, with life extensions for Gladstone and Scotia mines.

Financial highlights

• Operating revenue for the quarter was $138.9 million, with net cash from operating activities at $97.0 million.

• All-in sustaining cost (AISC) for the quarter was $3,204/oz on production of 17,757 ounces.

• Major project capital expenditure was $19.7 million, and exploration expenditure totaled $13.1 million for the quarter.

• Cash and gold holdings at quarter end were $250.3 million, with no debt.

• EBITDA margin remains strong, supported by high cash generation.

Outlook and guidance

• FY2026 production guidance maintained at 86,000–92,000 ounces, with mid-range delivery expected.

• FY2027 guidance and a new five-year plan to be released after budget completion in June 2026.

• Focus on maximizing mill feed grade and expanding high-grade underground sources, targeting 200,000 ounces per annum in coming years.