Karora Resources Inc. (TSX: KRR)
Announced strong consolidated gold production of 39,548 ounces for the third quarter of 2023 from its Beta Hunt and Higginsville mines in Western Australia.
Gold sales for the third quarter were 41,278 ounces.
.
Karora Resources – Beta Hunt Mine Specimen Stone
.
| Karora Resources | TSX: KRR |
| Stage | Production + Development + Exploration |
| Metals | Gold + Nickel |
| Market cap | C$681 million @ C$3.89 |
| Location | Kalgoorlie, Western Australia |
.
Karora Announces Strong Third Quarter Gold Production Of 39,548 Ounces, Gold Sales Of 41,278 Ounces And Increased Cash Position Of $84.2 Million
TORONTO, Oct. 11, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (“Karora” or the “Corporation”) is pleased to announce strong consolidated gold production of 39,548 ounces for the third quarter of 2023 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the third quarter were 41,278 ounces.
Karora’s unaudited consolidated cash balance as at September 30, 2023 was $84.2 million, an increase of $13 million compared to June 30, 2023.
.
.
Paul Andre Huet, Chairman & CEO, commented:
“I am pleased to announce another strong production quarter at our Beta Hunt and Higginsville operations which have now delivered a total of 120,198 ounces through the first three quarters of 2023.
“The results we’ve delivered to date place us in an excellent position to target the upper end of our full year 2023 gold production guidance range of 145,000 – 160,000 ounces.
“Our robust third quarter production performance also drove an increase in our cash position of$13 millionto$84.2 millionat quarter end.
“This strengthening of our balance sheet continues alongside our planned capital outlays into our growth plan, primarily focused on doubling throughput to 2 Mtpa at our Beta Hunt mine.
“In addition to the strong financial position allowing us to deliver on our objectives for the year, we’ve reported some very exciting exploration results.
“This year we’ve announced strong results from Beta Hunt, particularly the Fletcher and Mason zones, that bode very well for future Mineral Resource additions outside the main Western Flanks and A Zone areas.
“As we enter the final quarter of 2023, we look forward to providing further exploration and infill drilling updates as well as an update on our development milestones at Beta Hunt.”
.
To read the full news release, please click HERE
.
If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.
Disclosure
At the time of writing the author holds shares in Karora Resources.
.