Karora Resources, Inc. (TSE:KRR) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Karora Resources Inc. has announced a record-breaking year in 2023 with gold production surging by 20% to 160,492 ounces, significantly exceeding their production guidance. The company also reported a record revenue of $416.3 million, which is a 31% increase over the previous year, alongside a robust operating cash flow surge of 50%, amounting to $132.7 million. Despite some operational challenges, Karora’s financial performance showed strong growth, with adjusted earnings rising by 71% compared to the previous year.
For further insights into TSE:KRR stock, check out TipRanks’ Stock Analysis page.