Karora Resources (TSX: KRR)
Announced record consolidated gold production of 38,437 ounces for the third quarter of 2022 from its Beta Hunt and Higginsville mines in Western Australia.
Gold sales for the quarter were 35,513 ounces. Karora’s consolidated unaudited cash balance was $56 million as of September 30, 2022. Continue reading
City Investors Circle
Have published the Market Review for September 2022.
Companies mentioned include Argosy Minerals, Calidus Resources, Karora Resources, Neometals, Pacgold, and Westhaven Gold. Continue reading
Mining Review 18th September 2022
The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated one percentage point rate hike in the USA in September.
Companies making news this week were American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced a new nickel discovery and positive results from its ongoing nickel drill program.
In the Hunt Block above Western Flanks, infill drilling of the existing gold Mineral Resource intersected high grade nickel mineralization in two holes above the gold Mineral Resource. Continue reading
Mining Review 4th September 2022
Another poor week for gold and all metals as the US dollar again rises on interest rate hike anticipation. The price of gold in British pounds is up 3% in a month, due to the weakness of the pound. Uranium, up 8% in a week was the sole positive.
Cornish Metals and Kootenay Silver reported good drill results in an otherwise quiet week. Continue reading
Karora Resources (TSX: KRR)
Announced continued exploration drilling success in targeting new gold mineralized shear zones in support of its growth plan strategy to deliver increased gold production by 2024.
Parallel shear zones to the Larkin Zone Mineral Resource, referred to as Mason and Cowcill, returned significant gold assays in the first two drill holes of a twenty-four-hole program, the highlight was 6.0 g/t Au over 13 m. Continue reading
Mining Review Sunday Update 21st August 2022
Another poor week for gold as the US dollar (DXY) climbed higher, reaching 108.
Companies making news this week included American Creek, Cartier Resources, Karora Resources, Maple Gold, Rokmaster, and Uranium Energy Corp.
Karora Resources (TSX: KRR)
Announced a new high-grade coarse gold discovery at its Beta Hunt Mine.
The new discovery was made on the 16 level of the A Zone, almost directly below the well-known “Fathers Day Vein” discovery originally announced in September 2018 that yielded approximately 30,000 ounces of gold. Continue reading
City Investors Circle July Market Review
Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.
Companies featired incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month. Continue reading
Mining Review Sunday Update 31st July
Gold and other metals bounced after the dovish comments by FED Chair Powell after he increased US interest rates by 0.75%.
Companies in the news this week with good drill results included Cabral Gold, Eloro Resources, and Karora Resources. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced high-grade drill results from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt.
These included the following intersections: 29.8 g/t over 7.8 metres, 8.7 g/t over 4.0 m, and 4.2 g/t over 6.9 m. Continue reading
Mining Review Sunday Update 24th July 2022
Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive if so.
Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources an Uranium Energy Corp. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced it has received approval from the Toronto Stock Exchange to renew its normal course issuer bid to purchase up to no more than 8,492,971 of its issued and outstanding common shares. […] Continue reading
The strong US dollar is pushing down precious and industrial metal prices.
Mining stocks are taking a beating along with other popular sectors of the market. Continue reading
Karora Resources (TSX: KRR)
Has made a consolidated gold production of 30,652 ounces for Q2 of 2022 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the quarter were 30,398 ounces.
Karora’s consolidated unaudited cash balance was $114-million as of June 30, 2022. [..] Continue reading
Mining review Sunday Update 26th June 2022
Another poor week for the mining juniors, but we have to remember we are in the midst of the summer doldrums and this is traditionally a poor time for gold and gold mining stocks.
Chile flexed its muscles regarding the EIA for RIO2 (RIO.V), with them being told their document is deficient, which MAY mean they have to revisit some sections which could cause up to a year’s delay in construction. Continue reading
PDAC 2022 – Day 2 was much quieter
After the pandomonium of registration and police holding people outseide for hours on day 1, PDAC 2022 day 2 was much quieter.
The aisles were noticably easier to navigate and of those people walking around, there seemed to be very few investors, with some booth holders even saying to me they don’t go to PDAC to meet investors! Continue reading
Mining Review Sunday Update 5th June 2022
Companies in the news this week included Cornish Metals, Impact Minerals, Karora Resources, and Wesdome.
Gold was hit by a rising US dollar although the rise might be over now. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced that it has entered into a binding agreement to acquire the operating, fully permitted 1 M tpa Lakewood Mill gold processing facility located near Kalgoorlie, Western Australia, approximately 60 kilometres from the Beta Hunt Mine.
The acquisition price of A$80 million is comprised of A$70 million in cash and A$10 million in Karora shares. Karora successfully tolled Beta Hunt material through the Lakewood mill in Q1 2022, achieving 94% Au recovery. […] Continue reading
City Investors Circle – Market Review 31st May 2022
The Review features a focus on Minera Alamos (MAI.V), and comments on poor Q1 financials from Karora Resources, and the reasons for them.
We also raise the question “where is safe to invest in order to protect your capital in these volatile markets?, and offer a few suggestions. […] Continue reading
