Interview with Paul Huet, Chairman & CEO & Oliver Turner, Executive VP of Karora Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/karora-resources-tsxkrr-record-gold-production-future-growth-plans-3296

Recording date: 18th September 2023

With a focus on sustainable growth, Karora Resources has set its sights on becoming the next mid-tier gold producer. Headquartered in Western Australia, Karora operates the integrated Beta Hunt mine and Higginsville Gold Operations. 

Karora aims to increase gold production to 170,000-195,000 ounces by 2024. The company achieved record annual production of 133,836 ounces in 2022 and has produced over 80,000 ounces in the first half of 2023. 

The company believes growing to 200,000 ounces per year production in a Tier 1 mining jurisdiction will re-rate its valuation to the next tier of gold producers. Karora is debt-free and well-positioned to self-fund its growth plan from operational cash flow.

To meet its production goals, Karora continues to expand its mineral resources through acquisition, exploration and development. The company's multi-asset portfolio provides diversity across several high-quality gold properties.

Processing capacity is a key enabler, with Karora operating two mills in Western Australia - Higginsville and Lakewood - with combined capacity of 2.5 million tonnes per annum. These mills are fed from Karora's flagship mines Beta Hunt and Higginsville, as the company executes its growth strategy with sustainable costs and production in mind.

Karora reached carbon neutrality in 2021 and 2022 and is committed to ESG leadership.

View Karora Resources' Company Profile: https://www.cruxinvestor.com/companies/karora-resources