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Karora Resources Inc KRRGF


Primary Symbol: T.KRR

Metals & Mining Gold
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

Karora Resources Inc > What might we expect
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Comment by MaterialsManon May 14, 2024 6:49am
128 Views
Post# 36038153

RE:RE:What might we expect

RE:RE:What might we expectMV,
If you are correct regarding the royalty situation, I stand corrected. My bad.
I have never been able to find a line item in KRR's financials as to the actual number attributed to royalty payments. One that clearly states 'Royalty Payments' in the expense portion.
Triple Flag has the rights to the Beta Hunt royalties at present.
Their most recent quarterly statement attributes about two million in royalty payments received from Karora.
If, as you showed in writing, royalties and derivatives are the same, then where did the other four million go. 
In general, I feel frustrated that the price of gold does not seem to be reflecting demand, and it probably shows.
I can't blame that on KRR management.
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