Karora's consolidated cash balance increased to $50.2 million as at June 30, 2020, a 31% increase from $38.4 million on March 31, 2020. The improved cash balance is after payments into gold hedge agreements during the second quarter. As of June 30, 2020, Karora is completely unhedged and will have full exposure to spot gold prices going forward. That is really good. The $50 million cash after investing at HGO, payinghedges, etc, shows excellent cashflow. And this was done with lower gold$ than we have now and no highgrade. Our cashflow should be spectacular in Q3
This is new 52 week highs for KRR on both TSX and OTC, while gold and GDXJ are down. Their production base is very steady, right about 100,000oz. Now we have 4 good Qs in a row without those poor 1Q and 2Q 2019 Qs to harm the financial ratios, this will bring in more investors.
Karora is so far ahead of where is was 1 year ago today. Well done Huet.
Then comes Q3 with FDV mined for high grade so maybe Q3 is 35,000oz??, more drill results, more resources, sorter in place?, another nearby mine and or mill bot, way way less royalties than Q3 2019, Sprott touting us Friday after Friday, much much higher gold price this Q than Q3 2019 (it was $1450 a year ago) that alone would be an extra $12 million USD profit for the Q ignoring the lower AISC/royalties, drill results on the big new geophysics target at HGO, no gold hedges costing us millions, etc.
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