Pantoro ends quarter with $220M cash; Pentair appoints new chairman

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Pantoro Gold ended the quarter with $220 million in cash and gold, revised annual output guidance to 86,000–92,000 ounces and will appoint Redpath Mining as sole contractor to drive synergies. Pentair will retire Chair David A. Jones at its May 5 meeting and appoint T. Michael Glenn as his successor.

1. Pantoro Gold Financial and Operational Update

Pantoro Gold closed the quarter with $220 million in cash and gold, reported a half-year cash balance of $135 million and maintained all-in sustaining costs just over $2,500 per ounce. The company trimmed 2026 production guidance to 86,000–92,000 ounces, will appoint Redpath Mining as sole contractor from May to capture operational synergies, and plans to begin underground development toward the Bronze and Cramers South lodes midyear.

2. Pentair Board Leadership Change

Pentair announced that longtime Board Chair David A. Jones, who served since 2003 and chaired the board since 2018, will retire at the May 5 annual meeting. He will be succeeded by T. Michael Glenn, a retired executive with prior board and industry leadership experience, who will assume chair responsibilities upon Jones’s departure.

Sources

BFB