0043 GMT - Pantoro Gold's Racetrack discovery deepens the pipeline of high-grade ore sources behind its plans at the Norseman gold project, says MA Financial analyst Paul Hissey. "The business needs discoveries like this to achieve the company's ambitious 200,000 [troy ounce per annum] target," Hissey says. With roughly A$250 million in cash and gold and no debt, the company is well placed to keep pursuing organic growth. Yet Racetrack won't boost the miner's output in the near term, Hissey says. "The market remains focused on PNR's ability to execute on its guided production profile for FY26," he says. MA keeps a buy rating and A$5.31/share target on Pantoro. The stock is up 0.9% at A$3.42. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 10, 2026 20:43 ET (00:43 GMT)

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