Pantoro Gold's Production Guidance Looks a Stretch -- Market Talk
Dow Jones
Apr 29
0032 GMT - Pantoro Gold maintained its annual production guidance in its latest update, but Euroz Hartleys thinks it could be a tall ask. Pantoro aims to produce between 86,000 oz and 92,000 oz of gold in FY 2026. That implies 27,000 oz is needed in 4Q to hit the bottom end of guidance, analyst Michael Scantlebury says. Given the company's recent quarterly performances, that could be a stretch. "We maintain our view that it will take Pantoro numerous quarters of production inline with guidance before it regains the market's trust," Euroz Hartleys says. Its price target falls by 10% to A$6.52/share. The stock is down 4.7% at A$3.22. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 28, 2026 20:32 ET (00:32 GMT)
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