Latest news with #PantoroGold
News.com.au
06-05-2025
- Business
- News.com.au
Closing Bell: Gold shines bright despite minor market dip
ASX Gold Index leads gains, up more than 4pc Energy sector in the green despite 2pc oil price fall Tech index bucks Nasdaq's trend to rise 0.8pc It's been a rollercoaster of a day on the ASX, with the bourse swinging wildly up and down throughout the day before settling marginally down, dipping 0.08%. Despite falls in oil and iron ore prices overnight, a 2.5% uptick in the gold price made waves. Perhaps our market had already priced-in the current oil outlook, because Energy stocks are up today, gaining almost a full percentage point alongside the Materials sector. The indices are certainly telling a story – the ASX All Ords Gold index has climbed more than 4.3%, the Small Ords (which is very resources heavy) more than 1% and the ASX200 Resources index tipped up 0.69%. That's given plenty of fuel for gold stocks to rise. Leaving small caps aside for now, Pantoro Gold (ASX:PNR) gained 11.83%, Resolute Mining (ASX:RSG) 10.4%, Larvotto Resources (ASX:LRV) 10.19%, Ora Banda Mining (ASX:OBM) 6.47%, Black Cat Syndicate (ASX:BC8) 7.14% and Ramelius Resources (ASX:RMS) 6.87%. In fact, the gold miners were so dominant today they didn't leave a lot of room for other stocks to take the spotlight. Notable exceptions are immunotherapy biotech Immutep (ASX:IMM) which gained 9%, automotive stock Autosports Group (ASX:ASG) up 9.76%, gambling giant Tabcorp Holdings (ASX:TAH) which lifted 9.2% alongside the Star Group's (ASX:SGR) 9.52% gain, and technology large cap NextDC (ASX:NXT) up 8.14%. Overall, the market has taken a minor loss, with seven sectors in the green and four in the red. The Healthcare sector weighed heavily on the bourse, down 1.86%. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Description Last % Volume MktCap DTR Dateline Resources 0.035 59% 2.1E+08 $60,842,510 BP8 Bph Global Ltd 0.003 50% 190000 $2,101,969 AZL Arizona Lithium Ltd 0.01 43% 51496080 $31,932,702 AN1 Anagenics Limited 0.008 33% 1449899 $2,977,922 VEN Vintage Energy 0.004 33% 1062981 $5,697,666 AEV Avenira Limited 0.009 29% 7383898 $22,243,508 BGE Bridgesaaslimited 0.019 27% 32000 $2,997,888 WTM Waratah Minerals Ltd 0.295 26% 5747597 $47,717,729 GCM Green Critical Min 0.015 25% 27338485 $23,540,140 NPM Newpeak Metals 0.015 25% 260838 $3,864,861 GES Genesis Resources 0.01 25% 42000 $6,262,730 IPB IPB Petroleum Ltd 0.005 25% 1042715 $2,825,612 RML Resolution Minerals 0.01 25% 2877525 $4,206,295 WCN White Cliff Min Ltd 0.0285 24% 2.79E+08 $43,595,827 PHO Phosco Ltd 0.07 23% 20527 $16,301,552 GRV Greenvale Energy Ltd 0.054 23% 254320 $23,952,427 PRS Prospech Limited 0.027 23% 59377 $7,234,170 EQX Equatorial Res Ltd 0.14 22% 533211 $15,116,216 LKY Locksleyresources 0.028 22% 5761797 $3,373,333 S66 Star Combo 0.14 22% 1500 $15,534,543 REC Rechargemetals 0.017 21% 262117 $3,597,860 SMM Somerset Minerals 0.017 21% 21798832 $5,918,271 YRL Yandal Resources 0.17 21% 410253 $43,292,897 HIQ Hitiq Limited 0.03 20% 1907479 $9,189,061 1AI Algorae Pharma 0.006 20% 727214 $8,436,974 Making news… White Cliff Minerals (ASX:WCN) has hit a very promising copper intercept at its Danvers project in Canada, drilling 175m at 2.5% copper from just 7.6m down. The hole ended in even higher grades, still open at depth. The company says it's one of the best copper hits globally in decades, and is planning more drilling to chase it further. More assays are on the way, with a maiden JORC resource in the works. Waratah Minerals (ASX:WTM) fronted the RIU Resources Conference with a cracking pitch on its gold-copper hunt in NSW's Lachlan Fold Belt, one of Australia's hottest mineral districts. It's sitting on a big district-scale land position at its Spur project, 100% owned, right near majors like Newmont and Gold Fields, with solid hits already in the bag including 11m at 10.8g/t gold and nearly 200m at 0.54% copper equivalent. Waratah reckons it's only just getting started in what's shaping up to be a prime gold-copper postcode. Somerset Minerals (ASX:SMM) has just wrapped up the acquisition of the high-grade Coppermine Project in Nunavut, right next door to White Cliff's monster copper hit at Danvers. It now controls a massive 1,200km² landholding packed with historical copper finds, including grades up to 45.4% copper, and is gearing up to launch its maiden drill campaign in just a couple of weeks. Early targets at Coronation are looking juicy, the company said, with reprocessed geophysics lighting up multiple anomalies, and old drill holes that ended in mineralisation. Green Critical Minerals (ASX:GCM) is enjoying increased offtake attention around its very high density graphite technology, including formal requests for product samples from a leading European and UK based thermal management solutions provider. The company says the uptick in attention is a validation of their product's commercial potential, aligning with market needs in electronics, defence, and high-efficiency manufacturing sectors. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Code Name Price % Change Volume Market Cap DTR Dateline Resources 0.035 59% 2.1E+08 $60,842,510 BP8 Bph Global Ltd 0.003 50% 190000 $2,101,969 AZL Arizona Lithium Ltd 0.01 43% 51496080 $31,932,702 AN1 Anagenics Limited 0.008 33% 1449899 $2,977,922 VEN Vintage Energy 0.004 33% 1062981 $5,697,666 AEV Avenira Limited 0.009 29% 7383898 $22,243,508 BGE Bridgesaaslimited 0.019 27% 32000 $2,997,888 WTM Waratah Minerals Ltd 0.295 26% 5747597 $47,717,729 GCM Green Critical Min 0.015 25% 27338485 $23,540,140 NPM Newpeak Metals 0.015 25% 260838 $3,864,861 GES Genesis Resources 0.01 25% 42000 $6,262,730 IPB IPB Petroleum Ltd 0.005 25% 1042715 $2,825,612 RML Resolution Minerals 0.01 25% 2877525 $4,206,295 WCN White Cliff Min Ltd 0.0285 24% 2.79E+08 $43,595,827 PHO Phosco Ltd 0.07 23% 20527 $16,301,552 GRV Greenvale Energy Ltd 0.054 23% 254320 $23,952,427 PRS Prospech Limited 0.027 23% 59377 $7,234,170 EQX Equatorial Res Ltd 0.14 22% 533211 $15,116,216 LKY Locksleyresources 0.028 22% 5761797 $3,373,333 S66 Star Combo 0.14 22% 1500 $15,534,543 REC Rechargemetals 0.017 21% 262117 $3,597,860 SMM Somerset Minerals 0.017 21% 21798832 $5,918,271 YRL Yandal Resources 0.17 21% 410253 $43,292,897 HIQ Hitiq Limited 0.03 20% 1907479 $9,189,061 1AI Algorae Pharma 0.006 20% 727214 $8,436,974 IN CASE YOU MISSED IT EZZ Life Sciences Holdings (ASX:EZZ) will pay a fully franked share dividend, amounting to $0.020 per share. The ex-dividend date is May 16, 2025 and the payment date June 17, 2025. The genomic life science company says it is investing in the future of consumer health through the development of e-commerce and distribution of high-quality products. TRADING HALTS Adelong Gold (ASX:ADG) – cap raise Echo IQ (ASX:EIQ) – cap raise At Stockhead, we tell it like it is. While EZZ Life Sciences, Ora Banda Mining, Green Critical Minerals and White Cliff Minerals are Stockhead advertisers, they did not sponsor this article.
Yahoo
06-05-2025
- Business
- Yahoo
Loss-Making Pantoro Gold Limited (ASX:PNR) Set To Breakeven
We feel now is a pretty good time to analyse Pantoro Gold Limited's () business as it appears the company may be on the cusp of a considerable accomplishment. Pantoro Gold Limited, together with its subsidiaries, engages in the gold mining, processing, and exploration activities in Western Australia. With the latest financial year loss of AU$49m and a trailing-twelve-month loss of AU$27m, the AU$1.1b market-cap company alleviated its loss by moving closer towards its target of breakeven. The most pressing concern for investors is Pantoro Gold's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. According to the 4 industry analysts covering Pantoro Gold, the consensus is that breakeven is near. They expect the company to post a final loss in 2024, before turning a profit of AU$91m in 2025. Therefore, the company is expected to breakeven roughly 12 months from now or less. We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of 57% is expected, which signals high confidence from analysts. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. Underlying developments driving Pantoro Gold's growth isn't the focus of this broad overview, but, bear in mind that by and large metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments. View our latest analysis for Pantoro Gold One thing we'd like to point out is that The company has managed its capital judiciously, with debt making up 3.4% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. There are too many aspects of Pantoro Gold to cover in one brief article, but the key fundamentals for the company can all be found in one place – Pantoro Gold's company page on Simply Wall St. We've also put together a list of important factors you should look at: Valuation: What is Pantoro Gold worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Pantoro Gold is currently mispriced by the market. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Pantoro Gold's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
