Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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Pianoman1997

From: LoneClone	4/18/2023 3:30:11 PM
	3 Recommendations of 78404

KRR, BTO Karora Resources aka KRR gave us the first look at its Q1 production and the new was good, with the Beta Hunt and Higginsville mines producing a record 39810 oz Au. This sets them up for an excellent chance of reaching their 2023 guidance. We also got the first look at their finances, announcing they exited the quarter with a cash balance of $65.8M, down only slightly from last quarter in spite of large expenditures on building raises and upgrading their mining fleet and mills. Full details will come when they release their financial quarterlies early next month. Message 34261782 How time flies. It seems like B2Gold aka BTO just opened their Otjikoto gold mine in Namibia, but it turns out it was 8 years ago, and now they are announcing they are closing the open pit due to lack of remaining ore. They will continue to develop the underground component of the mine, along with processing low grade tailings. Message 34262898 Saville continues to opine that after making a triple top in the $2060-2090 range, the mostly likely scenario for gold is a correction to somewhere around $1900-$1950 before breaking that triple top later thus year and heading to a new ATH. He also expects the gold mining indexes and ETFs to at some point correct back to their 50-day MAs before joining the party. And he points out that COTs show that sentiment is still supportive.

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