Impact: Positive
Karora Resources (KRR) announced record consolidated gold production of 133,836 oz and gold sales of 132,047 oz Au in 2022 from its Beta Hunt and Higginsville mines in Australia. This marks a 19% increase from the production recorded in 2021 of 112,814 oz Au (read more). Karora achieved the upper end for 2022 guidance of 120k to 135k oz Au, and is on track to archive its LT production guidance of 185k to 205k oz by 2024. Aggressive drilling on a very large prospective land package, including in close proximity to its mines, should continue to provide Karora with considerable organic resource growth. We speculate that this growth, nickel by-products, and ability to expand its existing 1.6Mtpa Higginsville Mill could set it on a path to surpass its 205k oz production target.
