Precious Metals
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
The post Karora…
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.
The post Karora Resources Mines 27,489 Gold Ounces, Posts $65.3 Million In Revenue For Q1 2022 appeared first on the deep dive.
tsx
gold
tsx-krr
karora-resources-inc
karora resources inc
Author: ER Velasco
Goliath launches major Golden Triangle drill program
VANCOUVER – Goliath Resources Ltd. [GOT-TSXV, GOTRF-OTCQB, B41F-FSE] has mobilized for a 24,000-metre diamond drilling campaign on a high-grade…
New Gold Bull Market to Begin Soon
Precious Metals have been hit hard in recent weeks but what is happening in the global macro world is necessary for a real bull market to begin in Gold,…
Peter Schiff: Don’t Listen To What The Fed Says; Look At What The Fed Is Doing
Peter Schiff: Don’t Listen To What The Fed Says; Look At What The Fed Is Doing
Via SchiffGold.com,
The Fed continues to talk tough about…
Five Ideas to Add Lithium Exposure to Your Portfolio
Resources Top 5: Fresh lithium-uranium IPO gets punters fired up, Galileo now +400pc in a week
Daily market commentary: Gold prices hedged down, remaining under pressure from an increasingly hawkish Federal Reserve
Peter Schiff: Don’t Listen To What The Fed Says; Look At What The Fed Is Doing
Stocks Surge, Bonds Purge As FedSpeak Offers Nothing New
Nowhere To Hide
TDG Gold tables Shasta resource estimate
New Assays From KORE Mining (TSXV:KORE) Increases the Scale Target Areas at the Imperial Gold Project
-1.81 Fall Turns Harmony Gold Mining Company Limited (HMY) Into A Losing Stock For Investors
AmmPower Produces First Ammonia From Demonstration Unit
-
Energy & Critical Metals2 hours agoUranium Inventories Are Scarily Low – What that Means for Energy Security, Prices and New Projects
-
Energy & Critical Metals23 hours ago
Five Ideas to Add Lithium Exposure to Your Portfolio
-
Financing News21 hours agoROSEN, RESPECTED INVESTOR COUNSEL, Encourages Pure Gold Mining Inc. Investors With Losses to Inquire About Securities Class Action Investigation – LRTNF
-
Gold20 hours agoTrading Places: Creasy wins the week – again – with extra substantial Galileo holdings
-
Companies23 hours agoFully-funded Core Assets eyeing next phase of exploration at Blue
-
Economics20 hours agoKey Takeaways From Powell’s WSJ Interview
-
Financing News14 hours agoSama Enters into Share Purchase Agreements for Sale of 5,625,000 shares in SRG Mining Inc.
-
Financing News17 hours agoUranium Royalty Corp. Grants Incentive Stock Options
