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 > $40.00 up day

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Comment by MaterialsManon Apr 07, 2024 7:42am

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Post# 35975337

RE:RE:$40.00 up day

Apparently KRR was not alone in bucking the trend.
Not saying it was based on Karora's announcement, but other miners that have operations in Western Australia suffered the same fate. Share price weakness is being attributed to weather related events. I doubt the producers in question all reported their production numbers the same day. Not sure if it was good luck or bad luck that the news came out that day. If the price of gold hadn't been up so much, KRR could have been slamed.
Now we have to wait for the markets to reopen to see if the news carries over.

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