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Karora Resources Inc T.KRR

Alternate Symbol(s):  KRRGF

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 Farquaron Oct 11, 2021 10:01pm
224 Views
Post# 33996034

Third Quarter average gold price = 1790$

Third Quarter average gold price = 1790$So, we should be getting the production numbers for Q3 by the end of the week. My guess is that they produced about 30,000 ounces @ 1000$ AISC, so the numbers should be around 30,000 x 790$/ounce profit = $23,700,000.00 US profit or $ 29,593,000.00 cdn profit ...Now, as far as how much of that cash profit was spent on infrastructure, equipment and maintenance, I don't know, but if they did spend alot in Q3 , they will have accumulated less cash....But my guess is that they added 5 million$ cdn + possibly $8 million from the warrants to the already 82 million$ = $95 million$ in the bank... I expect them ( just a guess)to announce that they will be spending an extra 5 million$ cdn on drilling in Q4......
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