Mining Review 4th August 2024
Karora Resources has traded on the TSX for the last time, after the completion of its merger with Westgold.
Capricorn Metals announced their KGM with a positive upgrade. Continue reading
Tag Archives: Karora Resources
Karora and Westgold Merger Nears Completion
Westgold Resources (ASX: WGX)
Updated in relation to the proposal to acquire 100% of the issued and outstanding common shares of Karora Resources Inc. by way of a court-approved plan of arrangement under the Canada Business Corporations Act.
On 17 July 2024, Westgold received written confirmation from the FIRB that the AustralianGovernment has no objection to the Transaction under the Foreign Acquisitions and Takeovers Act 1975. Continue reading
Mining Review 14th July 2024
Mining Review 14th July 2024
A disastrous week for Calidus Resources shareholders as the mine is put into care and maintenance, and all looks lost for investors.
Victoria Gold is holding its own despite having two million tons of leach pad strewn around the bottom of a mountain in the Yukon. Continue reading
Karora Shareholders Recommended to Approve The Westgold Proposed Arrangement
Karora Resources Inc. (TSX: KRR)
Announced that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, released a repor recommending that Karora shareholders vote in favour of the previously announced statutory plan of arrangement with Westgold Resources Limited. Continue reading
Monthly Review for May 2024 Published
Monthly Review May 2024
Has been published by City Investors Circle.
The highlighted company is Ora Banda Mining, and featured companies include Aris Mining and Karora Resources, plus a potential takeover target in Australia. Continue reading
Karora Reports Record Revenue and Strong Cashflow in Q1
Karora Resources (TSX: KRR)
Announced financial and operating results for the Q1 2024. The Company’s unaudited condensed interim financial statements and MD&A are posted on SEDAR.
The company recorded record revenue despite a rain affected quarter causing production to fall 9%. AISC remain on track for 2024 guidance. Continue reading
Karora Resources and Westgold Merger Presentation
Karora Resources (TSX: KRR)
Released a joint presentation with Westgold explaining the dynamics of their proposed agreed merger.
The new company will be well financed and a 400,000 Oz Au PA gold producer, with exploration potential. Continue reading
Market Review for April 2024 Published
Market Review April 2024
Featured new watchlist company Aris Mining, a gold producer based in Colombia with a plan to increase production to 500,000 Oz PA.
Three watchlist companies became involved in M & A activity, G Mining Ventures, Gold Road, and Karora Resources. Continue reading
Mining Review 14th April 2024
Mining Review 14th April 2024
It was another exciting week for gold, with new all time highs being recorded, before a slight pullback late Friday evening.
The big news of the week was Karora Resources announcing a merger with ASX listed Westgold. Capricorn Metals and Orla Mining reported strong starts to 2024. Continue reading
Karora Announces Merger With Westgold
Karora Resources. (TSX: KRR)
Karora and Westgold Resources Limited (ASX: WGX) have agreed to combine in a merger pursuant to which Westgold will acquire 100% of the issued and outstanding common shares of Karora by way of a statutory plan of arrangement under the Canada Business Corporations Act. Continue reading
Karora Resources Q1 Results Hampered by Wet Weather
Karora Resources Inc. (TSX: KRR)
Announced consolidated gold production of 36,147 ounces and sales of 40,343 ounces for the first quarter of 2024.
Production was negatively impacted by wet weather during the quarter. Continue reading
Market Review for March 2024 Published
City Investors Circle
The Market Review for March 2024 has been published.
The company highlight features Galiano Gold, and companies reporting significant news were Calidus Resources, Karora Resources, and Orla Mining. Continue reading
Karora in Discussions With a New Third Party
Karora Resources (TSX: KRR)
Notes the announcement today by Ramelius Resources Ltd (ASX: RMS) that it is no longer in exclusive discussions with Karora regarding a potential transaction. Karora confirms that it has exited such discussions. Continue reading
Karora Resources Records Production, Revenue, and Cashflow
Karora Resources (TSX: KRR)
Announced financial and operating results for the fourth quarter (“Q4 2023”) and full-year of 2023.
Production was a record 160,492 ounces, increased 20% from 133,887 ounces for 2023, driven by a 37% increase gold produced from the Beta Hunt Mine. The Company exceeded 2023 production guidance. Continue reading
Karora Announces 2024 Gold Production Guidance
Karora Resources (TSX: KRR)
Announced updated 2024 gold production guidance of 170,000 – 185,000 ounces and all-in sustaining cost cost guidance of US$1,250–US$1,375 per ounce sold.
Karora’s updated guidance incorporates optimized 2024 mine and development plans across its operations. Continue reading
Karora Resources Responds To Media Speculation
Karora Resources (TSX: KRR)
Notes the recent press speculation in relation to a potential transaction involving Ramelius Resources Ltd (ASX: RMS) and Karora.
Karora confirms that it is currently in exclusive discussions with Ramelius regarding a potential business combination. Continue reading
Karora Resources New Drilling Results of 3.8 g/t over 33m
Karora Resources (TSX: KRR)
Announced further significant results from gold exploration and infill drilling at the Beta Hunt Mine.
Highlights were hole WF380ACC-09AE at 3.8 g/t over 33.0 metres and 5 g/t over 9.0 metres. Continue reading
Karora Announces Record Annual Gold Production
Karora Resources (TSX: KRR)
Announced record annual consolidated 2023 gold production of 160,492 ounces from its Beta Hunt and Higginsville mines in Western Australia.
Gold sales were also a record, totaling 157,034 ounces during 2023. Continue reading
City Investors Circle Market Review Published
Market Review November 2023
Has been published today, featuring Calibre Mining, and also mentions G Mining Ventures, Karora Resources, West Red Lake Gold Mines, and Cabral Gold.
We discuss the expanding resource nationalism, and name the small pool of trusted countries we still feel safe investing in. Continue reading
Karora Reports Strong Results in Q3 2023
Karora Resources (TSX: KRR)
Announced financial and operating results for Q3 2023 and YTD 2023.
YTD 2023 production of 120,197 ounces increased 24% from 96,578 ounces for the same period in 2022, with the Company ending Q3 well positioned to achieve full-year 2023 production guidance of 145,000 – 160,000 ounces.