Karora Resources Inc T.KRR

Alternate Symbol(s): KRRGF

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.

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Karora Resources Inc > gold seems to be up by about $20 overnight

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Comment by materialsgirlon May 05, 2022 8:19am

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Post# 34657905

RE:RE:gold seems to be up by about $20 overnight

Of course, logically, the price of gold should drop as interest rates rise.

The old story that gold rises when money printing machines are turned on
has been long ago debunked.

Logic is not part of any gold equation.

The price also has nothing to do with production costs.
Miners want to mine and even if gold went to $1,200 the
annual production woud be flat or down 1% maybe.

Rising production has no impact since 99% of the 2022 available
gold was already in vaults as of January 01, 2022.

It is a weird commodity

mat

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