Extended Research

  • Trending
  • Comments
  • Latest
Drill Hole Interval Calculator

Drill Hole Interval Calculator

July 14, 2020
Newrange Gold (TSX.V: NRG), Interview with CEO, Bob Archer

Newrange Gold (TSX.V: NRG), Interview with CEO, Bob Archer

July 13, 2020

Ron Perry – The Dawn of A.I in Mining

July 14, 2020

Golden Opportunities: 20 Junior Mining Companies To Keep An Eye On As Gold Spikes

July 14, 2020
Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

August 25, 2020
RJK Announces Closing of Private Placement

RJK Announces Closing of Private Placement

May 25, 2022
Noble Mineral Exploration Update

Noble Mineral Exploration Update

May 19, 2022
Newrange Provides Exploration Update

Newrange Provides Exploration Update

May 17, 2022
ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project

ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project

May 16, 2022
Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process

Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process

May 12, 2022

Extended Research

  • Trending
  • Comments
  • Latest
Drill Hole Interval Calculator

Drill Hole Interval Calculator

July 14, 2020
Newrange Gold (TSX.V: NRG), Interview with CEO, Bob Archer

Newrange Gold (TSX.V: NRG), Interview with CEO, Bob Archer

July 13, 2020

Ron Perry – The Dawn of A.I in Mining

July 14, 2020

Golden Opportunities: 20 Junior Mining Companies To Keep An Eye On As Gold Spikes

July 14, 2020
Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

August 25, 2020
RJK Announces Closing of Private Placement

RJK Announces Closing of Private Placement

May 25, 2022
Noble Mineral Exploration Update

Noble Mineral Exploration Update

May 19, 2022
Newrange Provides Exploration Update

Newrange Provides Exploration Update

May 17, 2022
ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project

ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project

May 16, 2022
Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process

Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process

May 12, 2022
  • Home
  • News Feed
  • Company Directory
    • ACP: ArcPacific Resources
    • BMK: MacDonald Mines Exploration
    • BRAU: Big Ridge Gold
    • CNC: Canada Nickel Company
    • DLTA: Delta Resources Limited
    • KRR: Karora Resources
    • NOB: Noble Minerals
    • NRG: Newrange Gold Corp
    • PUMA: Puma Exploration
    • RJX: RJK Explorations
    • SHL: Spruce Ridge Resources
    • SX: St-Georges Eco-Mining
    • WIN: Windfall Geotek
    • WRR: Walker River Resources
    • :: All Companies ::
  • Articles
  • Videos
    • Research Videos
    • BMK Videos
    • CNC Videos
    • IMR Videos
    • KRR Videos
    • NOB Videos
    • NRG Videos
    • RJX Videos
    • WIN Videos
  • Galleries
    • Delta Resources – Delta 1 Project
    • Delta Resources – Delta 2 Project
    • Big Ridge Gold Gallery 02 – Hope Brook Gold Project
    • Big Ridge Gold Gallery 01 – Hope Brook Gold Project
    • RJK Paradis Pond Photo Gallery
    • Canada Nickel Core Shack Photos
    • Golden Predator Mining Photo Gallery
    • Canada Nickel Gallery
    • Newrange Gold Pamlico Project Site Photos
    • MacDonald Mines Exploration Gallery
    • RJK Explorations Bishop and KON Claim Gallery
    • RJK Explorations Kon Claim Core Photos
    • Noble Mineral Gallery
    • iMetal Resources Prospecting Gallery
    • Beta Hunt Core Photos – KRR Minerals Exclusive Insidexploration
    • Beta Hunt – KRR Minerals Exclusive Photos Insidexploration
    • PDAC 2019
    • The Perth Mint
    • Kalgoorlie Super Pit Australia
  • Research Center
    • Case Studies
    • Research Articles
    • Research Videos
    • Associates
No Result
View All Result
Insidexploration
  • Home
  • News Feed
  • Company Directory
    • ACP: ArcPacific Resources
    • BMK: MacDonald Mines Exploration
    • BRAU: Big Ridge Gold
    • CNC: Canada Nickel Company
    • DLTA: Delta Resources Limited
    • KRR: Karora Resources
    • NOB: Noble Minerals
    • NRG: Newrange Gold Corp
    • PUMA: Puma Exploration
    • RJX: RJK Explorations
    • SHL: Spruce Ridge Resources
    • SX: St-Georges Eco-Mining
    • WIN: Windfall Geotek
    • WRR: Walker River Resources
    • :: All Companies ::
  • Articles
  • Videos
    • Research Videos
    • BMK Videos
    • CNC Videos
    • IMR Videos
    • KRR Videos
    • NOB Videos
    • NRG Videos
    • RJX Videos
    • WIN Videos
  • Galleries
    • Delta Resources – Delta 1 Project
    • Delta Resources – Delta 2 Project
    • Big Ridge Gold Gallery 02 – Hope Brook Gold Project
    • Big Ridge Gold Gallery 01 – Hope Brook Gold Project
    • RJK Paradis Pond Photo Gallery
    • Canada Nickel Core Shack Photos
    • Golden Predator Mining Photo Gallery
    • Canada Nickel Gallery
    • Newrange Gold Pamlico Project Site Photos
    • MacDonald Mines Exploration Gallery
    • RJK Explorations Bishop and KON Claim Gallery
    • RJK Explorations Kon Claim Core Photos
    • Noble Mineral Gallery
    • iMetal Resources Prospecting Gallery
    • Beta Hunt Core Photos – KRR Minerals Exclusive Insidexploration
    • Beta Hunt – KRR Minerals Exclusive Photos Insidexploration
    • PDAC 2019
    • The Perth Mint
    • Kalgoorlie Super Pit Australia
  • Research Center
    • Case Studies
    • Research Articles
    • Research Videos
    • Associates
Insidexploration
  • Home
  • News Feed
  • Company Directory
    • ACP: ArcPacific Resources
    • BMK: MacDonald Mines Exploration
    • BRAU: Big Ridge Gold
    • CNC: Canada Nickel Company
    • DLTA: Delta Resources Limited
    • KRR: Karora Resources
    • NOB: Noble Minerals
    • NRG: Newrange Gold Corp
    • PUMA: Puma Exploration
    • RJX: RJK Explorations
    • SHL: Spruce Ridge Resources
    • SX: St-Georges Eco-Mining
    • WIN: Windfall Geotek
    • WRR: Walker River Resources
    • :: All Companies ::
  • Articles
  • Videos
    • Research Videos
    • BMK Videos
    • CNC Videos
    • IMR Videos
    • KRR Videos
    • NOB Videos
    • NRG Videos
    • RJX Videos
    • WIN Videos
  • Galleries
    • Delta Resources – Delta 1 Project
    • Delta Resources – Delta 2 Project
    • Big Ridge Gold Gallery 02 – Hope Brook Gold Project
    • Big Ridge Gold Gallery 01 – Hope Brook Gold Project
    • RJK Paradis Pond Photo Gallery
    • Canada Nickel Core Shack Photos
    • Golden Predator Mining Photo Gallery
    • Canada Nickel Gallery
    • Newrange Gold Pamlico Project Site Photos
    • MacDonald Mines Exploration Gallery
    • RJK Explorations Bishop and KON Claim Gallery
    • RJK Explorations Kon Claim Core Photos
    • Noble Mineral Gallery
    • iMetal Resources Prospecting Gallery
    • Beta Hunt Core Photos – KRR Minerals Exclusive Insidexploration
    • Beta Hunt – KRR Minerals Exclusive Photos Insidexploration
    • PDAC 2019
    • The Perth Mint
    • Kalgoorlie Super Pit Australia
  • Research Center
    • Case Studies
    • Research Articles
    • Research Videos
    • Associates
  • Login
  • Register
Insidexploration

Karora Announces Record Annual Gold Production of 112,814 ounces and Gold Sales of 113,628 ounces for 2021

by MikeyMike426
January 26, 2022
in KRR, KRR News, News Room
0
Karora Announces Record Annual Gold Production of 112,814 ounces and Gold Sales of 113,628 ounces for 2021

TORONTO, Jan. 26, 2022 – Karora Resources Inc. (TSX: KRR) (“Karora” or the “Corporation”) is pleased to announce record annual consolidated gold production of 112,814 ounces for 2021 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales were 113,628 ounces during 2021. For the fourth quarter of 2021 gold production was 27,925 ounces and sales were 28,734 ounces.

Karora’s unaudited consolidated cash balance as at December 31, 2021 was $91.0 million, an increase of $4.3 million compared to September 30, 2021 after capital deployment into new mining operations at Higginsville and Spargos.

Paul Andre Huet, Chairman & CEO, commented: “Record full year 2021 gold production of 112,814 ounces places us at the upper end our full year 2021 guidance range of 105,000 – 115,000 ounces. We have continued to grow our strong cash position while investing in the business and ended the fourth quarter with a record cash balance of $91.0 million.

Initial work on the second decline at Beta Hunt, an integral component of our growth plan, is underway. In addition, we expect the contractor selection process for the second portal and upper portion of the second decline to be completed in the first quarter. Detailed engineering studies are well advanced for the HGO mill expansion from 1.6 Mtpa to 2.5 Mtpa and orders for long lead items are on schedule to be placed in the first half of 2022.

In my 35+ years of mining, I have never worked through such significant challenges associated with labour availability and supply chain disruptions as we all experienced in Western Australia due to the COVID-19 pandemic in 2021. With these challenges extending into 2022 and affecting all mining in Western Australia, I am confident our team can rise to the challenge once again and, as we all do in the industry, certainly welcome a return to a more normal business environment.

Overall, I am very pleased with our performance in 2021 and wish to congratulate and thank all of our hard working staff and contractors at Karora. 2021 was a record year for Karora and I am excited to be underway with this talented team in 2022.”

About Karora Resources

Karora is focused on doubling gold production to 200,000 ounces by 2024 compared to 2020 and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations (“HGO”) in Western Australia. The Higginsville treatment facility is a low-cost 1.6 Mtpa processing plant, expanding to a planned 2.5 Mtpa by 2024, which is fed at capacity from Karora’s underground Beta Hunt mine and Higginsville mines. At Beta Hunt, a robust gold Mineral Resource and Reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions. HGO has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,800 square kilometers. The Company also owns the high grade Spargos Reward project, which came into production in 2021. Karora has a strong Board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora’s commitment to reducing emissions across its operations. Karora’s common shares trade on the TSX under the symbol KRR and also trade on the OTCQX market under the symbol KRRGF.

Cautionary Statement Concerning Forward-Looking Statements

This news release contains “forward-looking information” including without limitation statements relating to the timing for the completion of technical studies, liquidity and capital resources of Karora, production guidance, the completion of the HGO mill expansion and the potential of the Beta Hunt Mine, Higginsville Gold Operation and the Spargos Gold MIne and the timing for production at the Spargos Gold Mine.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Karora to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Karora ‘s filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com.

Although Karora has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Karora disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

SOURCE Karora Resources Inc.

Tags: BETA HUNTGoldHigginsvilleKarora ResourcesSpargosTSXV: KRRWestern Australia
Previous Post

Third Major Beta Hunt Shear Zone Extended to Over 500 metres of Strike with Potential to Extend Over 2 kilometres and New Gamma Block Gold Mineralization Delineated Over 200 metres of Strike

Next Post

Puma Exploration Reports Up to 371 G/T Gold in Surface Rock Samples*

MikeyMike426

MikeyMike426

I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.

Related Posts

RJK Announces Closing of Private Placement
News Room

RJK Announces Closing of Private Placement

May 25, 2022

...

Noble Mineral Exploration Update
News Room

Noble Mineral Exploration Update

May 19, 2022

...

Newrange Provides Exploration Update
News Room

Newrange Provides Exploration Update

May 17, 2022

...

Next Post
Puma Exploration Reports Up to 371 G/T Gold in Surface Rock Samples*

Puma Exploration Reports Up to 371 G/T Gold in Surface Rock Samples*

Windfall Geotek Announces Changes to Management Team

Windfall Geotek Announces Changes to Management Team

Puma Exploration Increases Its Williams Brook Landholdings

Puma Exploration Increases Its Williams Brook Landholdings

Please login to join discussion
No Result
View All Result

Follow Us On Social Media

Live insidexploration Tweets

InsidexplorationFollow2,9161,323

Insidexploration was built for investors by investors and through the use of multimedia, we bring due diligence to a whole new level.

Insidexploration
Retweet on TwitterInsidexploration Retweeted
CanadaNickel avatarCanada Nickel Company@CanadaNickel·
18h 1529510115111579648

EVs to make up 83% of battery demand in 20 years
http://ow.ly/EoXG50JhSqh

#EVs #ElectricVehicles #BatteryMetals #Nickel

Image for the Tweet beginning: EVs to make up 83%
Reply on Twitter 1529510115111579648Retweet on Twitter 15295101151115796482Like on Twitter 152951011511157964811Twitter 1529510115111579648
Retweet on TwitterInsidexploration Retweeted
maikan5 avatar((( FRANK DUMAS ))) 🚜🇺🇦@maikan5·
19h 1529499484538937345

Prospection season started this morning on Notre-Dame $SX $SXOOF

#nobium

Image for the Tweet beginning: Prospection season started this morning
Image for the Tweet beginning: Prospection season started this morning
Image for the Tweet beginning: Prospection season started this morning
Reply on Twitter 1529499484538937345Retweet on Twitter 152949948453893734513Like on Twitter 152949948453893734544Twitter 1529499484538937345
Retweet on TwitterInsidexploration Retweeted
ArcPacific_ACP avatarArcPacific Resources Corp@ArcPacific_ACP·
20h 1529475217680113667

Currently we have 2 porphyry systems identified by @GoldspotD at the #ReyLake & #LuckyMike areas which need further drilling. In addition, we now have over 20 target areas to focus on, giving the 120km² Project potential to host a cluster of deposits.

https://arcpacific.ca/news-releases/goldspot-identifies-24-targets-and-confirms-presence-of-porphyry-system-at-lmsl-copper-gold-molybdenum-silver-project/

Image for the Tweet beginning: Currently we have 2 porphyry
Reply on Twitter 1529475217680113667Retweet on Twitter 15294752176801136673Like on Twitter 15294752176801136674Twitter 1529475217680113667
insidexplr avatarInsidexploration@insidexplr·
20h 1529475172616622080

While expanding the roads to access higher up the mountain, @ResourcesWalker $WRR exposed a 1000 foot wide section of alteration they now call the cut. What's cool is that this system can be traced from the mill up to 8,500 feet!

Check it out!

Image for the Tweet beginning: While expanding the roads to
Image for the Tweet beginning: While expanding the roads to
Reply on Twitter 1529475172616622080Retweet on Twitter 15294751726166220801Like on Twitter 152947517261662208010Twitter 1529475172616622080
insidexplr avatarInsidexploration@insidexplr·
21h 1529461389500329985

Lots of drill results coming for @DeltaResLimited $DLTA from Delta 2 projects this year!

Stay tuned for the first 36 holes in the coming weeks!

https://www.youtube.com/embed/JUJAwnbad60
Reply on Twitter 1529461389500329985Retweet on Twitter 15294613895003299851Like on Twitter 15294613895003299851Twitter 1529461389500329985
insidexplr avatarInsidexploration@insidexplr·
21h 1529460310783959042

Are you familiar with The Hope Brook #Gold Project in #NewFoundland currently being expanded by @BigRidgeBRAU $BRAU?

If not, you should take some time to review our detailed case study on the project!

Image for twitter card

The Hope Brook Gold Project – Big Ridge Gold Corp. (TSX.V – BRAU)

Introduction Big Ridge Gold recently entered into an earn-in Agreement with First Mining Gold Corp. on the Hope Brook Gold

insidexploration.com

Reply on Twitter 1529460310783959042Retweet on Twitter 15294603107839590421Like on Twitter 15294603107839590421Twitter 1529460310783959042
Load More...
  • Trending
  • Comments
  • Latest
Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

August 25, 2020

Golden Opportunities: 20 Junior Mining Companies To Keep An Eye On As Gold Spikes

July 14, 2020
Insidexploration Showcase

Top 20 of 2020: Part 1 of 2; Junior Mining Companies to Add to Your Watchlist

November 4, 2021

Top 20 of 2020: Part 2 of 2; Junior Mining Companies to Add to Your Watchlist

November 4, 2021
Drill Hole Interval Calculator

Drill Hole Interval Calculator

July 14, 2020

Insidexploration Beta Hunt Mine Tour – RNC Minerals

Cobalt: Discovering the Mining History Of Northern Ontario

Cobalt: Discovering the Mining History Of Northern Ontario

Kalgoorlie Super Pit Australia

Kalgoorlie Super Pit

Mike Coyle interviews Mark Selby on the New Resource Update

Mike Coyle interviews Mark Selby on the New Resource Update

Beta Hunt: Geological Report on the Kambalda Dome and Gold Deposition

Beta Hunt: Geological Report on the Kambalda Dome and Gold Deposition

RJK Announces Closing of Private Placement

RJK Announces Closing of Private Placement

May 25, 2022
Noble Mineral Exploration Update

Noble Mineral Exploration Update

May 19, 2022
Newrange Provides Exploration Update

Newrange Provides Exploration Update

May 17, 2022
ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project

ArcPacific Reports that GoldSpot Identifies 24 Targets and Confirms Presence of Porphyry System at LMSL Copper-Gold-Molybdenum-Silver Project

May 16, 2022
Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process

Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process

May 12, 2022

Multimedia and analytical due diligence database for the investing community.

About Us
Contact Us
Disclaimer
Privacy Policy
Terms of Service

© Copyright 2022 insidexploration.com
Contact us: insidexploration@gmail.com

Follow Us On Social Media

Popular Posts

Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

Nickel Investment Opportunities: 5 Junior Mining Companies To Keep an eye on as Nickel gains traction

by MikeyMike426
August 25, 2020

...

Golden Opportunities: 20 Junior Mining Companies To Keep An Eye On As Gold Spikes

by MikeyMike426
July 14, 2020

...

Insidexploration Showcase

Top 20 of 2020: Part 1 of 2; Junior Mining Companies to Add to Your Watchlist

by MikeyMike426
November 4, 2021

...

No Result
View All Result
  • Main
  • News Feed
  • Company Directory
  • Articles
  • Videos
  • Galleries
  • Research center
  • Contact us

© Copyright 2022 insidexploration.com | Multimedia and analytical due diligence database for the investing community | Contact us: insidexploration@gmail.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok