Brief: Karora Announces Record Quarterly Adjusted EBITDA Of $23 Million And Record Low AISC Of US$1,044 Per Ounce Since HGO Acquisition

Karora Resources

12/11/2020 12:36

Nov 12 (Reuters) - Karora Resources Inc  KRR.TO :
    * KARORA ANNOUNCES RECORD QUARTERLY ADJUSTED EBITDA OF $23
MILLION
AND RECORD LOW AISC OF US$1,044 PER OUNCE SINCE HGO ACQUISITION
    * KARORA RESOURCES INC - Q3 2020 CONSOLIDATED GOLD
PRODUCTION WAS
24,717 OUNCES
    * KARORA RESOURCES INC - MAINTAINS ITS 2020 COST GUIDANCE OF
US$1,050-US$1,200 PER OUNCE
    * KARORA RESOURCES INC - CONTINUES TO TARGET AISC COSTS OF
ABOUT
US$1,000 PER OUNCE BY END OF 2020
    * KARORA RESOURCES INC QTRLY EARNINGS PER SHARE $0.24
    * KARORA RESOURCES INC QTRLY ADJUSTED EARNINGS BEFORE
INTEREST,
TAXES, DEPRECIATION AND AMORTIZATION OF $0.16 PER SHARE
    * KARORA RESOURCES INC QTRLY REVENUE $59.4 MILLION VERSUS
$43.1
MILLION

Source text for Eikon:  ID:nCNWPZDQCa 
Further company coverage:  KRR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))