Karora Resources Hits Gold with Record 2023 Performance

Karora Resources, Inc. (TSE:KRR) has released an update.

Karora Resources Inc. has announced a record-breaking year in 2023 with gold production surging by 20% to 160,492 ounces, significantly exceeding their production guidance. The company also reported a record revenue of $416.3 million, which is a 31% increase over the previous year, alongside a robust operating cash flow surge of 50%, amounting to $132.7 million. Despite some operational challenges, Karora’s financial performance showed strong growth, with adjusted earnings rising by 71% compared to the previous year.

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