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Pantoro debt free and growing

Unheralded gold miner Pantoro (ASX: PNR) is now debt-free after employing a textbook junior company strategy over the past few years that sees it on the verge of becoming a 80,000-100,000 ounce per annum producer generating strong cashflows.

Pantoro debt free and growing Pantoro debt free and growing Pantoro debt free and growing Pantoro debt free and growing Pantoro debt free and growing

Debt free Pantoro targeting golden era.

Pantoro has repaid all debt to the Commonwealth Bank, while hedging 38,000oz at A$1,724 per ounce (at a rate of about 2,000oz per month till October 2019), in order to underwrite operating costs.

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