0059 GMT - Pantoro Gold is an appealing takeover target after downgrading production guidance last month, reckons Euroz Hartleys. It notes peers including Ora Banda Mining and Bellevue Gold are trading at large premiums to Pantoro's A$1.5 billion market value. They could be keen on a deal. "Other larger companies that could be interested in Pantoro include but are not limited to: Gold Fields, Vault Minerals, Regis Resources and Capricorn Metals," says analyst Michael Scantlebury. Pantoro's Norseman gold project has scope to grow and the company has other deposits that could spread its production risk in future. Euroz Hartleys has a speculative buy on Pantoro. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 12, 2026 20:59 ET (00:59 GMT)
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