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Pantoro Gold Limited (ASX:PNR)

ALERT: Price-sensitive ASX Announcement for PNR
Current share price for PNR : $2.680 -2.21 (-45.19%)+
Announcement
Release
23 Feb 2026 9:27AM
Price at Release
$4.890
Full Release
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Summary
Pantoro Gold Limited, a gold producer based in Western Australia, announced an on-market share buy-back program for up to 10% of its ordinary shares over the next 12 months, without requiring shareholder approval. The company aims to acquire a maximum of 38,344,473 shares, leveraging its strong cash flow and profitability from the Norseman Gold Project. The buy-back will be conducted through the ASX, ensuring purchases do not exceed 5% above the volume-weighted average price of the preceding five days. The initiative aligns with Pantoro Gold's strategy to enhance shareholder value while continuing growth and expansion at Norseman.
Key Points
  • Pantoro Gold announced an on-market share buy-back up to 10% of shares.
  • The buy-back will not require shareholder approval under the Corporations Act.
  • Up to 38,344,473 Pantoro Gold Shares to be acquired.
  • Purchases will be conducted through the ASX over the next 12 months.
  • Share price cap set at 5% above the five-day volume-weighted average price.
  • The initiative is supported by strong cash flow and profitability at Norseman.
  • Pantoro Gold focuses on maximizing margins while growing production at Norseman.
  • The growth strategy includes an aspirational goal of 200,000 ounces of gold annually.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.