Australia's Pantoro Gold sinks on lower-than-expected FY production

Pantoro Gold

09/07/2026 04:31

** Shares of Australia's Pantoro Gold PNR.AX fall as much as 22.4% to A$1.715 ($1.19), hitting their lowest level since late Jan 2025
** Shares set to mark biggest intraday pct drop since March 10
** Co reports FY2026 gold production of 77,408 ounces at Western Australia's Norseman Gold Project, missing its forecast of 86,000-92,000 ounces 
** Sees FY2027 production at Norseman Gold at 90,000 - 105,000 ounces
** Stock among top laggards on the benchmark .AXJO which is down 0.8% in the current session
** About 4.1 million shares trade hands vs 30-day average of 3.4 million shares
** Stock down 64.6% YTD, including session's moves

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))