Karora Resources Announces Partnership with The Net Zero Company to Develop Pathway to Become One of the World\-\-s First Net Zero GHG Junior Gold Mining Companies so-co-it.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from so-co-it.com Daily Mail and Mail on Sunday newspapers.
Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce the voting results of its annual meeting of shareholders held today.
Home » Internet » Karora Delivers Strong Start to Year with First Quarter 2021 Adjusted Earnings of $0.06 Per Share, Adjusted EBITDA of $0.15 Per Share as Operations Continue to Deliver in Line With 2021 Guidance and Phase I Mill Expansion Tracks Ahead of Schedule
Karora Delivers Strong Start to Year with First Quarter 2021 Adjusted Earnings of $0.06 Per Share, Adjusted EBITDA of $0.15 Per Share as Operations Continue to Deliver in Line With 2021 Guidance and Phase I Mill Expansion Tracks Ahead of Schedule Posted by PublisherInternet Monday, 10. May 2021
Karora will host a call/webcast on May 7, 2021 at 10:00 a.m. (Eastern Time) to discuss the first quarter 2021 results. North American callers please dial:? 1-888-231-8191, international callers please dial: (+1) 647-427-7450. For the webcast of this event click [here] (replay access information below).
Robust financial position driven by strong free-cash-flow generation
A large and expanding resource base
What Karora Resources does:
Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) is now a top tier junior gold producer in Western Australia having started its transformation - when known as RNC Minerals - with its purchase in 2019 of the Higginsville Gold Operations (HGO).
The group is focused on growing gold production and reducing costs at the integrated Beta Hunt Gold Mine and the Higginsville mine and its associated treatment facility.
At Beta Hunt, a robust gold mineral resource and reserve is hosted in multiple gold shears, with gold intersections along a 4 kilometre strike length remaining open in multiple directions. Meanwhile, Higginsville has a substantial historical gold resource and highly prospective land package totaling approximately 1,800 square kilometers (sq km).
Karora Resources hails first quarter performance, which sets miner up for further growth
In the three months to end-March, 2021, the firm recorded net earnings of C$5.6 million, well up from C$539,000 seen in the first quarter of 2020 Cash flow used in operations for the quarter was C$18.6million, up from C$12.2 million a year earlier
Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1), the western Australia-focused gold miner, has posted a solid set of first-quarter results, which it said positions the company well for further growth this year.
In the three months to end-March, 2021, the company - which runs the Beta Hunt and Higginsville mines - recorded net earnings of C$5.6 million, well up from C$539,000 seen in the first quarter of 2020 on revenue of C$59.2 million, up from C$54.2 million in the same period a year earlier.