Karora Resources Inc. (T:KRR*CA)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 141 Adelaide Street West, Suite 1608
Tel: 1-416-3630649
Website: https://www.karoraresources.com
IR: See website
Key People
Paul Andre Huet
Chairman of the Board, Chief Executive Officer
Barry Lee Dahl
Chief Financial Officer
Oliver Turner
Executive Vice President - Corporate Development
Michael Doolin
Senior Vice President - Technical Services
Greg Mincham
Vice President - Human Resources
Leigh Junk
Managing Director - Australia
Bevan Jones
Chief Operating Officer, Australia
Business Overview
Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company's portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south of the Beta Hunt Mine in Higginsville, Western Australia. HGO has a mineral gold resource and reserve and prospective land package totaling approximately 1,900 square kilometers. The operation includes a 1.6 million tons per annum (Mtpa) processing plant, 192 mining tenements, including the Aquarius, Hidden Secret, Mousehollow, Two Boys, Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Lakewood Gold Mill is located just outside Kalgoorlie, Western Australia and approximately 60 kilometers from the Beta Hunt Mine, has a processing capacity of 1.0 Mtpa.
Financial Overview
For the nine months ended 30 September 2023, Karora Resources Inc revenues increased 43% to C$314.5M. Net income increased from C$341K to C$10.6M. Revenues reflect Beta Hunt gold mine segment increase of 42% to C$191.9M, HGO Gold Mine/Mill Australia segment increase of 51% to C$155.7M, Australia (Country) segment increase of 42% to C$191.9M.
Employees: 351 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $695.08M as of Sep 30, 2023
Annual revenue (TTM): $411.37M as of Sep 30, 2023
EBITDA (TTM): $123.39M as of Sep 30, 2023
Net annual income (TTM): $20.19M as of Sep 30, 2023
Free cash flow (TTM): $44.98M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 178,291,820 as of Feb 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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