Karora Resources (KRRGD) (formerly known as RNC Minerals) released its Q2 2020 financial results. As Karora avoided any major impacts of the coronavirus crisis, it was able to record production results consistent with previous quarters and financial results much better compared to the previous quarters. Given the current gold prices, it is possible to expect a major improvement also in Q3.
In Q2, Karora produced 24,078 toz gold. It means only a 3% decline compared to the previous quarter. Karora has reiterated its 2020 production guidance of 90,000-95,000 toz gold. As 48,894 toz