Pantoro Gold (PNR) 2025 Precious Metals Summit - Beaver Creek summary

Strategic overview and growth plans

• Holds 100% of a major goldfield with a resource base just under 5 million oz and aims to double annual production from 100,000 oz to 200,000 oz within a few years.

• Cleared all debt, maintains a strong cash position of AUD 176 million, and is nearly fully unhedged beyond 2024.

• Senior management team has longstanding experience, recently strengthened by adding a former head of a major gold producer.

Operational performance and cost management

• Achieved all-in sustaining costs just under AUD 2,000/oz in the last quarter, maintaining cost discipline.

• Production is expected to remain at 100,000–110,000 oz in the near term, with significant exploration spend of AUD 55 million planned for the year.

• Annual drilling program targets 250,000 meters, focusing on both resource growth and new discoveries.

Asset development and mine life extension

• Ongoing success at the O.K. underground mine, consistently replacing depletion and increasing reserves, with high-grade mineralization at depth.

• Scotia mine transitioned from challenging open pit to more efficient underground operations, now exceeding production targets and poised for further growth.

• Open pit mining at Princess Royal and future Gladstone pit will provide access to high-potential North Royal area.