Average gold price so far in 2024 = 2041$/ ounceToday is the 9th trading day in 2024 for gold. If gold can stay above 2000$ for Q1/2024 , KRR should make outstanding profits.
Q1/2023 average gold price was 1890$
Q2/2023 average gold price was 1978$
Q3/2023 average gold price was 1931$
Q4/2023 average gold price was 1978$
Q1/2024 average gold price is 2041$
Do you see a trend here? Hopefully gold keeps trending upwards in 2024 and 2025..
Krr is finally going to start mining much more nickel at the end of this year as they start mining the new nickel zones which are much more economical to mine than the remnant nickel they have been mining in the past few years.
In 2025 they are supposed to be producing maybe 4X -6X more nickel, which will significantly lower KRR's AISC of their gold production....2024 and 2025 should be great years for KRR..