KARORA RESOURCES REPORTS RECORD PRODUCTION, REVENUE AND CASH FLOW FOR 2023 [Yahoo! Finance]
ASX LTD UNSP/ADR (ASXFY)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Yahoo! Finance
The Company's audited condensed interim financial statements and management discussion & analysis ("MD&A) are available on SEDAR at www.sedarplus.ca and on the Company's website at www.karoraresources.com . All dollar amounts are in Canadian dollars, unless otherwise noted. RECORD 2023 GOLD PRODUCTION 2023 production was a record 160,492 ounces, increased 20% from 133,887 ounces for 2023, driven by a 37% increase gold produced from the Beta Hunt Mine. The Company exceeded 2023 production guidance of 145,000 – 160,000 ounces. Q4 2023 production of 40,295 increased 8% from 37,309 ounces in the fourth quarter of 2022, was up 2% compared to production of 39,547 ounces in the third quarter of 2023 ("the previous quarter") due to a 57% improvement in production from Beta Hunt partially offset by lower production at HGO. AISC INLINE WITH 2023 GUIDANCE Cash operating costs and all-in sustaining costs ("AISC") per ounce sold averaged US$1,128 and US$1,248 , respectively, in 2023 comp
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