ESG

Pantoro to bunker-down in the Kimberley region

Workforce to stay in region in order to deal with travel restrictions

This article is 5 years old. Images might not display.

MiningNews.net is making some of its most important coverage of the
COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to MiningNews.net, click here.

"The majority of Pantoro's staff and contractors have agreed to base themselves within the Kimberley region for an extended period of time if necessary to ensure continuity of operations," Pantoro said.

"By containing its workforce inside the broader Kimberley region operations can continue largely unaffected by regional travel restrictions."

Pantoro will become unhedged in April, with its current 2000 ounce per month hedging realising a price of A$1800 per ounce - versus a recent gold price $2700/oz.

Pantoro said it was "buoyed" by the current strong gold price, but wouldn't be providing guidance on the basis it would be "imprudent" in the current volatile environment.

In any case the market will be keen to see improved operational performance given the 9403oz produced last quarter were at all in sustaining costs of about $2000/oz.

Meanwhile exploration is continuing at the company's planned second operation at Norseman, also in WA.

Debt-free Pantoro had cash and bullion at the start of the current quarter of $31.7 million.

Shares in Pantoro were down 4.5% to 8.2c, capitalising the company at $96 million.          

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.