M&A

Pantoro sees big opportunity with Norseman buy

PANTORO'S ongoing success growing a little-recognised high-grade gold field near Halls Creek in Western Australia has led to it acquiring a 50% stake in the famous Norseman high-grade gold field for staged cash and scrip payments of A$45 million and the first $50 million in project expenditure.

 The Phoenix plant at Central Norseman.

The Phoenix plant at Central Norseman.

Pantoro said the acquisition cost for the idled Central Norseman gold project equates to $39 per ounce given 2.2 million ounces of attributable resources.   It wants to be operating a "large scale...

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