Karora Resources is one of the best mining turnaround stories in recent years. In just over a year, CEO Paul Huet and his team have overseen a remarkable transformation. RNC Minerals, became the strong, consistent and commercially sensible gold producer, Karora Resources.
Today, it was the turn of Turner the impressive to sit in the Crux hot seat. Having previously interviewed Huet and the President of Karora's Dumont division, Johnna Muinonen, we have great expectations for Karora representatives. He is a well-spoken, articulate professional.
It has been 12-months of consistently hitting deliverable after deliverable for Karora Resources, and there is a reason the share price of this gold producer has only been heading North. From the transition away from Nickel to gold, to the sale of its 28% stake in Dumont, to the elimination of the Morgan Stanley NSR royalty on HGO operations, to the acquisition of Spargos Reward in Western Australia to add some higher-grade feed into Karora Resources' mill, there seems to be a rigour and thought to the planning, and management of market expectations.
The most recent corporate actions have been even more encouraging. The 1:4.5 share consolidation was done in the best interests of shareholders and tightens up the registry. Moreover, getting Maverix Metals' royalty down to 4.5% on Beta Hunt gold production was an excellent game of chess and eventual negotiation, driving millions into the company's bottom line.
What does the remainder of 2020 have to offer for gold investors? As far as we can gather, quite a lot...
Company page: https://www.karoraresources.com/
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