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.

TSX:KRR - Post by User

Karora Resources Inc

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Post by Farquaron Jan 03, 2024 10:54am

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Post# 35808683

Q4 /2023 average gold was approx 1978$US/ounce

KRR sold their Q3 gold at about 1931$ US/ounce... So, generally speaking they should have sold their Q4 gold production at a higher price than 1931$..

The months of October and November average gold price was 1950$/ ounce and December gold average was a whopping 2037$.. So in theory 2/3's of their Q4 production was sold at about 1950$/ounce and 1/3rd at 2037$/ounce..

Well, we'll soon find out their Q4 production and sales sometime in a couple of weeks.. We should see some strong numbers and some strong cash buildups..

2024 should be a great year for KRR..( If gold stays in this range or goes higher).

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