Saturday, September 13, 2025

Latest

Karora Resources Mines 27,489 Gold Ounces, Posts $65.3 Million In Revenue For Q1 2022

Karora Resources Inc. (TSX: KRR) announced this morning its operational and financial results for Q1 2022, recording gold production of 27,489 ounces. This is an increase from Q1 2021’s gold production of 24,694 ounces.

The mining firm also sold during the quarter 26,286 gold ounces at an average realized price of US$1,905 per gold ounce, while recognizing an all-in sustaining cost of US$1,396 per ounce.

The company’s revenue for the quarter jumped to $65.3 million from last year’s $59.3 million. However, the firm recorded a quarterly net loss of $3.7 million from net earnings of $5.6 million last year. This translates to $0.02 loss per share.

The company attributes this decline to increases in production and processing costs, general and administrative costs, and depreciation and amortization. Adjusting for financial items, adjusted EBITDA for the quarter came in at $12.2 million compared to last year’s $21.2 million.

The gold producer’s cash inflow from operations for the quarter ended at $12.2 million vis-a-vis last year’s $18.7 million. The company also ended the quarter with $78.1 million in cash and cash equivalents, down from the December 31, 2021 balance of $91.0 million.

The company reiterated that it is on track to meet its lowered 2022 guidance of 110,000 – 135,000 gold ounces for the year.

Karora Resources last traded at $5.64 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. 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

Karora Resources Posts $73.6 Million In Revenue For Q2 2022, Announces A$57 Million NPV In Nickel PEA For Beta Hunt Mine

Karora Resources Inc. (TSX: KRR) reported its financials for Q2 2022 on Friday. The firm...

Friday, August 12, 2022, 10:17:00 AM

Karora Resources Produces 112,814 Gold Ounces In 2021

Karora Resources (TSX: KRR) this morning provided production data for its fourth quarter and full...

Wednesday, January 26, 2022, 09:04:52 AM

Karora Announces Gold Production Guidance Of 185,000 – 205,000 Ounces By 2024

Karora Resources Inc. (TSX: KRR) announced today its three-year production guidance, highlighting 185,000-200,000 ounces of...

Monday, June 28, 2021, 09:24:00 AM

Karora: Haywood Reiterates Ratings After Three Year Guidance Announcement

On June 28th, Karora Resources Inc. (TSX: KRR) announced its three-year production guidance, whereby they...

Wednesday, June 30, 2021, 04:53:00 PM

Westgold Resources To Acquire Karora Resources To Create Australia-Focused Miner

Karora Resources Inc. (TSX: KRR) and Westgold Resources Limited (ASX: WGX) have reached an agreement...

Monday, April 8, 2024, 07:53:01 AM