• Pantoro to buy back up to 10% of its ordinary shares over the next 12 months
• Strong positive cashflow and profitability expected to continue as Norseman operations expand
• Buy-back supports ongoing growth initiatives and mine expansions while delivering shareholder value

Pantoro Gold Limited (ASX:PNR), a WA-based gold producer focused on its 100%-owned Norseman Gold Project, has announced an on-market share buy-back of up to 10% of its ordinary shares over the next 12 months. The company has generated strong positive cashflow over the past year and expects profitability to continue growing as operations at Norseman are expanded. The current cashflow levels provide sufficient funding for ongoing growth initiatives and mine expansions, while also supporting the implementation of this capital management program. Under the share buy-back, Pantoro proposes to acquire a maximum of 38,344,473 shares, being 10% of the total shares on issue. The number of shares purchased will be determined at the company's discretion, based on prevailing share prices and market conditions, and will be executed via on-market purchases over the next 12 months. Pantoro's Managing Director, Paul Cmrlec, stated that the buy-back will be executed diligently to ensure the company is well-positioned to finance organic and inorganic growth opportunities while continuing to deliver shareholder value.

Pantoro remains focused on maximizing operating margins while responsibly deploying growth capital at the Norseman Gold Project. The company expects to convert recent successful growth drilling into additional underground mines, in line with its strategy to increase annual production to 200,000 ounces of gold.