|Karora Resources aka KRR released its Q3 financials today. We already knew production was strong at over 30k oz Au, but now we know that tonnes milled and grade were up and costs were similar compared to last quarter. The company reaffirmed 2021 guidance of 105-115k oz Au.|
KRR's strong financial position continues to improve, Cash flow and earnings were up, and even though they spent a lot on development, thanks to $10M+ from the exercise of warrants their cash stash is up to $86.7M. with no debt. As newer high grade areas are brought into production and they start producing nickel again, I expect the cash on hand to grow steadily, perhaps the main reason the shares are trading at a 10-year high. Now we just need some coverage from the Canadian brokerages.
I won't give details -- you'll have to be a subscriber to get them -- but the IKN newsletter spent plenty of time on Minera Alamos aka MAI, detailing how continued selling by Osiisko Royalties has the shares at fire sale prices even as production at their Sanatana gold kine in Mexico ramps up to commercial production by January. I am tempted to add more to my already outsized position; anything under 60 cents is a bargain at this point.
Gold is still coiling, but Saville sees the fundamentals as finally starting to improve, though he still warns of the possibility of a dip below the August low before a proper advance gets underway again.
Likewise, the weekly chart fir GDX is getting more bullish