Thursday, October 23, 2025

Latest

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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

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

Karora Q3 Gold Production Hits 24,717 Ounces

Karora Resources (TSX: KRR) this morning reported its production results for the third quarter of...

Wednesday, October 14, 2020, 07:59:45 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 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

Karora Resources Produces 24,078 Ounces Of Gold In Second Quarter

Second quarter production results were published by Karora Resources (TSX: KRR), whom was formerly known...

Thursday, July 16, 2020, 11:15:42 AM