Saturday, August 23, 2025

Karora Resources Produces 112,814 Gold Ounces In 2021

Karora Resources (TSX: KRR) this morning provided production data for its fourth quarter and full year 2021 operations. The firm produced a total of 112,814 ounces of gold for the full year, beating 2020’s production of 99,249 ounces.

The firms 2021 production is said to represent a record for the company, while the results also came in at the upper end of their 2021 guidance. The firm had originally guided for between 105,000 ounces and 115,000 ounces of gold production. Gold sales meanwhile amounted to 113,628 ounces, however an average price per ounce sold was not provided.

Production for the fourth quarter amounted to 28,734 gold ounces, a slight step back from the 30,365 ounces produced in the third quarter. The firm also indicated its cash balance as of December 31, which is sitting at $91.0 million on an unaudited consolidated basis.

The company has currently guided to between 120,000 to 140,000 ounces of gold production for 2022, while 2023 is guided for production of 150,000 to 170,000 ounces. All in sustaining costs meanwhile are guided to be between US$900 – US$990 per ounce in 2022, and between US$890 – US$990 per ounce in 2023.

Karora Resources last traded at $4.30 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

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Karora Resources Discovers New Gold Zones At Beta Hunt Mine

Karora Resources (TSX: KRR) released a rather lengthy update this morning related to drill results...

Tuesday, September 8, 2020, 09:05:57 AM

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

Karora Resources Makes New Nickel Discovery After Hitting 11.9 Metres of 6.5% Nickel

A new nickel discovery has been made by Karora Resources (TSX: KRR). The discovery has...

Wednesday, September 14, 2022, 09:01:00 AM

Karora Resources Hits 4.0% Nickel Over 3.5 Metres At Beta Hunt, Extends Mineralization Zone To Over 80 Metres

Karora Resources Inc. (TSX: KRR) announced this morning the follow-up drill results at the 50C...

Friday, October 8, 2021, 10:21:00 AM

Karora Resources Posts $264.2 Million In Revenue For 2021

Karora Resources Inc. (TSX: KRR) announced this morning its financial results for Q4 and full-year...

Monday, March 14, 2022, 02:52:00 PM