Pantoro Ltd (ASX:PNR) has extended the consulting agreement with managing director, Paul Cmrlec, out until April 2020.
Cmrlec was fundamental in transitioning the company to a gold producer, and its subsequent positive re-rating.
Mike Jefferies, chairman, commented: "Paul has been the primary driver of Pantoro’s success since he has joined.
"I am very pleased that Paul has agreed to continue his dedication to company and I look forward to our continued success under his management."
Pantoro is producing from the wholly-owned Nicolsons Gold Project in Western Australia, where one underground and two open pits are in operation.