Believe it or not ..Q1/23 average gold price = $1877.68This average does not include today's price... So, again KRR added 12.6 million $$$ cdn to their bank account last quarter when the average gold price was only $1731.17....How much more extra cash are they going to create in Q1/23 when the average gold price is 146$US higher so far ??...
Right now that average price of $1877 for Q1 would break the record for highest average gold price in gold market history for a first quarter...The previous record was 1876$ in Q1/2022....
So despite all the fear and negativity in the gold mining shares, a company like KRR is headed for an even better quarter than the last quarter...but the market treats it like it's the absolute most risky gold stock out there.
Again, today KRR should be leading the pack higher , instead the price right now is down more than most other gold stocks..It is one of the reasons I believe KRR is being manipulated lower as it should have more upside than most other juniors on gold up days, but keeps heading down, and that doesn't make any sense .. The biggest issue with producing gold companies has been the AISC's being way too high , yet, Krr has clearly shown that it has completely outdone the majority of the gold stocks in terms of keeping their AISC down and making profits yet the market hammers KRR more than others...KRR should be up 3-5% today but instead it is in the red again...Very suspicious price action in my opinion...
But again, it's only a matter of time that KRR separates from the pack and goes higher...