0137 GMT - Pantoro Gold's output rate puts it on track to produce 21,000-22,000 oz of gold in 1Q FY 2027, says MA Moelis Australia. That would be a marked improvement from the two quarters immediately preceding, when it produced roughly 17,000-18,000 oz each time, it says. As of Sept. 19, Pantoro produced 19,130 oz--in line with MA's forecast for the entire quarter. "Production so far suggests the company is trending well towards its guidance--albeit it remains early in the year," says MA. Pantoro has forecast FY 2027 gold output of 90,000-105,000 oz, and says only 40%-45% of annual output will happen in 1H. MA has a buy rating and target price of 3.65 Australian dollars a share on the miner. The stock is up 3.3% at A$2.86.
At the request of the copyright holder, you need to log in to view this content
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.