Gold producer Karora says its 2022 net earnings down due to higher costs Karora
- Karora Resources today announced record gold production of 133,887 ounces in 2022, at the top end of the company's guidance range of 120,000 – 135,000 ounces and up 19% from 2021, driven by higher tonnes processed following the acquisition of the Lakewood Mill in July 2022.
However, Karora noted that its unit costs showed"marked improvement" in the second half of 2022, which positioned the company to achieve its guidance for all-in sustaining costs of US$1,100 – US$1,200 per ounce sold. In 2022, the company's adjusted earnings were C$21.1 million versus C$48.6 million in 2021, and adjusted EBITDA totaled C$91.5 million compared to C$104.3 million a year earlier.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Firearms, stolen boat and motor found in Campbell RiverThe boat and engine police found was confirmed to have been stolen from Chemainus in 2022.
Read more »
Long-term job vacancies, worker absences due to illness or disability reach record high in 2022Long-term job vacancies in Ontario reached a record high in 2022 as hiring challenges continued to wreak havoc on the labour market, according to the province’s financial watchdog.
Read more »
Where GTA Homes Have Experienced the Biggest, and Smallest, Value Drops Since the 2022 PeakThe GTA's property values have changed drastically in the last year. Richmond Hill has proven the most resilient. Brock region, on the other hand, less so. JohnPasalis | ronmortgageguy | DavelleMorrison | GTA propertvalue realestate realestatenews
Read more »
Bath bar not foamy enough: Top complaints the Better Business Bureau received in 2022In another case, a person wanted a refund after not receiving enough seasoning fillings in their ramen noodle package.
Read more »
Colorado Avalanche sign head coach Jared Bednar to three-year extensionBednar helped lead the Avalanche past the Lightning in the 2022 Stanley Cup Final.
Read more »
Calgary Board of Education takes $34M out of reserves to cover staff costs, enrolment growthCalgary Board of Education takes $34M out of reserves to cover staff costs, enrolment growth yyc yycbe
Read more »