Saturday, September 13, 2025

Latest

Karora Q3 Gold Production Hits 24,717 Ounces

Karora Resources (TSX: KRR) this morning reported its production results for the third quarter of 2020, announcing a total consolidation gold production figure of 24,717 ounces of gold. Prodction came from both the Beta Hunt and Higginsville mines located in Western Australia.

During that time frame, the company sold a total of 22,912 ounces of gold, with the difference between production and sales said to be attributed to the timing of gold deliveries to the Perth Mint. An average price per ounce was not provided for the period. It was indicated however that cash reserves climbed 34% during the three month period, from $50.2 million to $67.3 million.

Commenting on the figures, CEO Paul Andre Huet acknowledged that the year to date production figure of 73,612 ounces of gold is in line with guidance. Karora has currently guided for total production of 90,000 to 95,000 ounces at an all in sustaining cost of US$1,050 to $1,200 per ounce.

While the all in sustaining cost was not yet provided for the third quarter, Huet acknowledged that they remain on track to hitting their target of US$1,000 per ounce by years end.

Karora Resources last traded at $3.74 on the TSX.


Information for this briefing was found via Sedar and Karora Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Exploits Discovery Receives Permits For True Grit Drill Program

Exploits Discovery (CSE: NFLD) has received full permitting for its True Grit Gold Project. The...

Wednesday, March 10, 2021, 08:29:03 AM

Trillium Gold Looks To Raise $4.0 Million In Brokered Financing

Trillium Gold Mines (TSXV: TGM) last night announced that the company is looking to raise...

Friday, June 4, 2021, 07:29:13 AM

Trillium Gold Acquires Confederation Lake Properties From Pistol Bay Mining For $1.75 Million

Trillium Gold Mines (TSXV: TGM) this morning announced that it has acquired the Confederation Lake...

Tuesday, November 24, 2020, 08:12:16 AM

Aztec Minerals Hits 88.41 Metres Of 1.1 g/t Gold In First Drill Hole At Cervantes

Results are already starting to trickle in for the latest drill program undertaken by Aztec...

Wednesday, February 16, 2022, 08:48:41 AM

Kirkland Lake Gold Declares US$667 Million In Revenue For Q3 2021

Kirkland Lake Gold Ltd. (TSX: KL) reported today its financial and operational results for Q3...

Thursday, November 4, 2021, 10:49:00 AM