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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 MaterialsManon Sep 14, 2023 6:44am
179 Views
Post# 35635337

8% royalty

8% royaltyA royalty is being proposed by the Biden administration on mining company profits.
Not that this would affect KRR directy, but mining sector stocks are out of favor as is.
Too bad that 8 or 10 percent needed to offset diminished profit couldn't just be added on to the price of what is being mined.
Unfortunetly, we all know that it doesn't work that way. The republican led house would probably not approve the proposal, but they may not be in charge next fall. If the proposal gains momentum, let's hope that a potential outgoing tide does not sink all ships.
This may prove to be a creative way for the government to increase it's revenue. If it goes through, there will undoubtedly be more out of favor industries affected by a similar approach.
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