Karora increases net earnings in third quarter on higher gold sales and realized price

- Karora Resources today reported it produced 39,547 gold ounces in Q3 2023, up 3% from 38,437 ounces in Q3 2022, primarily due to higher average gold grade at the Higginsville operation.

Karora said that the increase in costs from the third quarter of 2022 largely reflected the impact of higher processing costs during the quarter and continued cost pressures in areas such as labor, contractors, power and fuel. In addition, nickel produced in the third quarter 2023 was not sold during the quarter.

Net earnings for the three months ended September 30, 2023 totalled $6.9 million compared to $4.4 million for the three months ended September 30, 2022. Karora also reported that the company is maintaining its 2023 full-year guidance ranges of between 145,000 to 160,000 ounces for gold production and AISC costs of between US$1,100 to US$1,250.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold producer Endeavour Mining increases adjusted net earnings in Q3, reiterates 2023 guidanceA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Martinrea International sees earnings, sales rise in third quarterTORONTO — Martinrea International Inc. says net income for the third quarter was $53.7 million, up from $35.9 million a year earlier. Sales for the quarter were $1.4 billion, up from $1.2 billion during the same quarter last year.
Source: SooToday - 🏆 8. / 85 Read more »

Martinrea International sees earnings, sales rise in third quarterTORONTO — Martinrea International Inc. says net income for the third quarter was $53.7 million, up from $35.9 million a year earlier. Sales for the quarter...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Martinrea International sees earnings, sales rise in third quarterMartinrea International Inc. says net income for the third quarter was $53.7 million, up from $35.9 million a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »