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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: LoneClone1/11/2023 4:22:07 PM
1 Recommendation

Recommended By
Anchan

   of 78404
 
KRR, SSL, RRI

Karora Resources aka KRR issued a brief year end update on gold production at their mines and mills in Australia. In Q4 they produced 37298 oz Au making full year production a record at 133836 oz, at the top end of KRR's guidance. They also announced they added $12M to their cash stash in Q4, building it to $69M at year end.

We will get more details, especially on all-important costs, when their financials come out.

Message 34150681

Sandstorm Gold Royalties aka SSL issued a PR with the headline 'Sandstorm Gold Royalties Announces Record Sales and Revenue in 2022 '. As I have sold my last few shares, this will likely be SSL's last appearance in this digest. I am going to let you read the IKN blog's dissection of why that seemingly positive headline is not something for this self-serving management to be proud of.

iknnews.com

Message 34150700

Prospect generator Riverside Resources aka RRI released a review of 2022 and a look forward into their plans for 2023. There is nothing new regarding their portfolio of PM and copper prospects in Mexico and Ontario, but their list of goals for 2023, which I will leave it to you to review, is impressive, especially given that RRI normally gets done what they say they are going to do. I am particularly excited about their copper prospects in Mexico, especially the partnership with BHP.

Riverside remains an exemplar for the prospect generator model, with only 77M shares out after 15 years in business -- something not many junior miners can match unless they have done rollbacks -- as well as no debt, no warrants, and over $8M in cash.

Message 34150765
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