0037 GMT - Pantoro's A$930 million enterprise value leads Euroz Hartleys to speculate that the Australian gold miner is at significant risk of becoming an M&A target. Unlike many mid-sized or large gold producers, Pantoro has a burgeoning growth pipeline among assets that it already owns, analyst Michael Scantlebury says. Pantoro had A$13 million of positive cash flow in the March quarter, strengthening its balance sheet to A$132.4 million in cash. That's enough to fund the developments it has planned, says Euroz Hartleys, which is also heartened by Managing Director Paul Cmrlec buying some 10,000 shares. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 28, 2025 20:37 ET (00:37 GMT)
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