KRRGF - Karora Resources reports Q1 earnings; on track to achieve full-year 2023 guidance
2023-05-15 07:37:57 ET
- Karora Resources press release ( OTCQX:KRRGF ): Q1 Non-GAAP EPS of C$0.03.
- Revenue of C$96.81M (+48.3% Y/Y).
- Production of 39,827 ounces exceeded target levels and increased 45% from the first quarter of 2022 reflecting growth of 27% in tonnes processed and a 13% improvement in average grade.
- Cash operating costs and all-in sustaining costs per ounce sold averaged US$1,124 and US$1,213, respectively, compared to US$1,310 and US$1,396, respectively, for same period a year earlier.
- AISC per ounce sold was in line with full-year 2023 guidance of US$1,100 – US$1,250.
- Production ended the quarter on track to achieve full-year 2023 guidance of 145,000 – 160,000 ounces.
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Karora Resources reports Q1 earnings; on track to achieve full-year 2023 guidance