- Karora Resources reported on Monday that its record production of 40,823 ounces of gold in Q2 2023 exceeded target levels and increased 33% from Q2 2022.
Cash operating costs and all-in sustaining costs per ounce sold averaged US$1,068 and US$1,160, respectively, in Q2 2023 compared to US$1,130 and US$1,190, respectively, in Q2 2022. Importantly, Karora said that its cash flow provided by operating activities in Q2 2023 of C$34.4 million tripled from C$11.2 million in Q2 2022.
Chairman and CEO Paul Andre Huet commented,"I am delighted with our team's performance during the second quarter, which included achieving record gold production, gold ounces sold and revenue, as well as significantly improved earnings performance and strong growth in cash flow. We ended the first half of 2023 well positioned to achieve our full-year guidance for 2023.
Source: News Formal (newsformal.com)
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