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
Mining Review Sunday Update 29th May 2022
City Investors Circle update on the mining scene, with commodity prices on the whole still falling due to a high dollar and US interest rate hike expectations.
Companies in the news this week included Banyan Gold, Calidus Resources, Karora Resources, Rokmaster Resources, and Tinka Resources. […] Continue reading
Mining Review Sunday Update 22nd May 2022
Gold and silver recovered somewhat this week, as did some of the base metals, but are still well down on a month ago.
Companies in the news this week included Argosy Minerals, Banyan Gold, Calidus Resources, Cyprium Metals, and Karora Resources. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced its financial results and review of activities for the three months ended March 31, 2022.
Costs were significantly higher than guidance as a result of covid 19 infections disrupting the mining staff, and some production was routed through toll mining at a higher cost. […] Continue reading
Karora Resources Inc. (TSX: KRR)
Announced the appointment of Mr. Tony Makuch to the role of Special Advisor to the Corporation.
Mr. Makuch brings extensive gold industry management, technical and operating experience, most recently as former CEO and director of Agnico Eagle Mines Limited. Continue reading
