This is the Q we have been waiting for , superb Press Release: Karora Announces 2020 Results Including Record Annual Net Earnings of $88 Million, 2020 AISC Cost Guidance Beat, Along With Record Low 4Q20 AISC of US$912 per ounce. Full PR https://seekingalpha.com/pr/18239206-karora-announces-2020-results-including-record-annual-net-earnings-of-88-million-2020-aisc
Still studying the report but this is the Q we have been waiting for. The AISC at $912 is shocking to positive side. All the spending to reduce royalties, hedges etc. finally fully showed up combined with the gold price being up in Q4. However what will happen in 2021, a big grade increase, did not happen, it was down slightly in Q4. These superb results with slightly lower grade. Throw in much higher gold grades plus nickel at bonanza grades (roughly 20 gram gold eqv) in 2021 and we will get much better than even these excellent results.
This annual report shows extreme competence. Mill recovery up to 93% from 90% ASIC at $912 (was not expecting that, was hoping for $990) and that was fighting Covid the whole time without an ore sorter, etc. that might have happened with no Covid. The main thing to me is in Q4 the things to boost profits, EBITDA, cash balance and reduce AISC they have invested in paid off strongly. Fantastic Q, Kudos to management. Just about everything got better it seems.
The stock can not ignore these results.
Cheers