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Karora Resources Inc KRRGF


Primary Symbol: T.KRR

Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company’s portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south of the Beta Hunt Mine in Higginsville, Western Australia. HGO has a mineral gold resource and reserve and prospective land package totaling approximately 1,900 square kilometers. The operation includes a 1.6 million tons per annum (Mtpa) processing plant, 192 mining tenements, including the Aquarius, Hidden Secret, Mousehollow, Two Boys, Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Lakewood Gold Mill is located just outside Kalgoorlie, Western Australia and approximately 60 kilometers from the Beta Hunt Mine, has a processing capacity of 1.0 Mtpa.


TSX:KRR - Post by User

Post by daw2on May 14, 2024 6:09am
146 Views
Post# 36038132

Simply Wall St. on First quarter 2024 earnings

Simply Wall St. on First quarter 2024 earnings
First quarter 2024 earnings released: EPS: CA$0.012 (vs CA$0.017 loss in 1Q 2023)
First quarter 2024 results:
  • EPS: CA$0.012 (up from CA$0.017 loss in 1Q 2023).
  • Revenue: CA$115.5m (up 19% from 1Q 2023).
  • Net income: CA$2.14m (up CA$5.08m from 1Q 2023).
  • Profit margin: 1.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.

Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.

Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.


First quarter 2024 earnings released: EPS: CA$0.012 (vs CA$0.017 loss in 1Q 2023)
First quarter 2024 results:
  • EPS: CA$0.012 (up from CA$0.017 loss in 1Q 2023).
  • Revenue: CA$115.5m (up 19% from 1Q 2023).
  • Net income: CA$2.14m (up CA$5.08m from 1Q 2023).
  • Profit margin: 1.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.

Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.

Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.


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