Bullboard - Stock Discussion Forum 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... see more

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TSX:KRR - Post Discussion

Karora Resources Inc > Average gold price so far in 2024 = 2041$/ ounce

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Post by Farquar on Jan 11, 2024 10:30am

Average gold price so far in 2024 = 2041$/ ounce

Today 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..

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