Pantoro Gold rises on partnership with Mega Resources for Rama Open Pit

Pantoro Gold

23/04/2026 03:55

** Shares of Australia's Pantoro Gold PNR.AX rise as much as 5.6% to A$3.97, their highest level since March 18

** Set to log its best session in over a week

** Gold producer enters partnership with Mega Resources, Bain Global Resources in relation to the high-grade Rama Open Pit in Forrestania, Western Australia

** Co to advance Mega, Bain up to A$20 million ($14.30 million) to fund mining of the Rama Open Pit stage 2

** To pay Mega and Bain between 70% and 80% of the value of reconciled gold produced depending on ore grade

** Down 19% YTD, including the session's moves

($1 = 1.3982 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))