Pantoro (ASX:PNR) reported gold production of 19,438 ounces at its Norseman Project in Western Australia in the December 2024 quarter, down from 21,374 ounces in the September quarter, according to a Wednesday filing with the Australian bourse.
Gold was produced at an all-in sustaining cost (AISC) of AU$2,356 per ounce, down from AU$2,395 per ounce last quarter, the filing said.
For fiscal 2025, the company expects gold production of about 90,000 ounces at an AISC of AU$2,200 per ounce. It originally expected to produce about 100,000 ounces at an AISC of AU$1,900 per ounce.
It expects about 23,000 ounces of gold production in the March quarter.
The company's cash and cash equivalents stood at AU$105.87 billion for the quarter ended Dec. 31, 2024, compared with AU$103.93 billion in the previous quarter.
Shares of the company rose 5% in recent Wednesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.