Karora Resources, Inc. (TSE:KRR) has released an update.
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Karora Resources Inc. has updated its 2024 gold production guidance to 170,000 – 185,000 ounces with an all-in sustaining cost of US$1,250 – US$1,375 per ounce, indicating a significant production increase from the previous year. The company is executing a three-year growth plan to ramp up their Beta Hunt mine and upgrade processing plants, aiming for a 2.0Mtpa operation rate by year’s end. This growth is in spite of industry-wide cost pressures, which have led to a slight adjustment in the projected gold production and increased AISC.
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