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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 Nov 03, 2022 3:41pm
365 Views
Post# 35070792

Krr is hitting 2023 production guidance already

Krr is hitting 2023 production guidance alreadyKrr's guidance for 2023 is 150,000 - 170,000 ounces, right now Krr is producing at an annual rate of 155,000/year , which is 6 months ahead of schedule... The big , big question is : Can they keep AISC at about 1000$ ? Because if they can show that they will keep their AISC down, this stock will do exceptionally well even if the price of gold stays at 1600$...155,000 x 600$ gross profit ( 1600$ - AISC 1000$ )= $ 93 million US ebitda or 127.6 million $ cdn ebitda. With ramp #2 probably being operational for anywhere from 6 to 10 months, krr should produce over 170,000 ounces in 2023....So, everything is progressing well....Stock should outperform...
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