Value Microcaps Junior Miners

[Lone Clone]

KRR, IPT

Karora Resources aka KRR announced Q4 results for its gold and nickel mines in Australia. We already knew the production numbers were good, but in these inflationary times it's all about costs, and KRR did well there too, with cash costs of $1031/oz Au in Q4 allowing them to meet guidance for all of 2022. They reiterated that they are on target to achieve their goal of 170-195k oz Au at an AISC of US$1000-1200 per ounce sold by 2024, as well as a major increase in Ni production in H2 2024.

Even after a testing year cost-wise, they exited 2023 in good financial shape, with a cash stash of $69M and an undrawn line of credit for $60M. This will be a busy year, with more decline development underway at Beta Hunt, mill enhancements, and an extensive exploration programme in the works.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34234321

Impact Silver aka IPT released annual results from mining at its Zacualpan Ag/Au/Pb/Zn property in Mexico, which contains several operating mines and a mill plus a plethora of exploration prospects. In general, 2002 was a good year for IPT; mill grade was the same as 2021, while an increase in mill throughput partly offset a decrease in silver prices. They did manage to generate a profit, and as a result at year end had a healthy cash stash of $15.3M and no debt.

For years IPT was content to bump along at break even or thereabouts, but under newly energized management the focus is clearly on the future. They recently bought the nearby operating Plomosas Zn/Pb/Ag mine and mill, and see potential not only to upgrade mining and milling operations but also huge exploration upside. As well, back at Zacualpan they are evaluating the use of ore sorting technology to bring the Capire open pit and associated mill back into operation. They will also be conducting an extensive exploration programme at various prospects at Zacualpan.

If these plans work out, we will see a different IPT a year from now.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34235225