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    KRR   CA48575L2066

KARORA RESOURCES INC.

(KRR)
  Report
Delayed Toronto Stock Exchange  -  04:15 2022-07-05 pm EDT
3.100 CAD   -6.06%
06/16Karora Announces Results of Annual and Special Meeting of Shareholders
AQ
06/16TRANSCRIPT : Karora Resources Inc. - Shareholder/Analyst Call
CI
06/15Karora Resources Completes Oversubscribed $69 Million Bought Deal Financing
MT
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Karora Resources Announces Agreement to Acquire the Lakewood Gold Mill and Significantly De-Risk Growth Plan

05/24/2022 | 06:56pm EDT

Karora Resources Inc. announced that it has entered into a binding agreement to acquire the operating, fully permitted 1.0 Mtpa Lakewood Mill gold processing facility located near Kalgoorlie, Western Australia, approximately 60 kilometres from the Beta Hunt Mine. The acquisition price of AUD 80 million is comprised of AUD 70 million in cash and AUD 10 million in Karora shares. Karora successfully tolled Beta Hunt material through the Lakewood mill in First Quarter 2022, achieving 94% Au recovery. The transaction is subject to, among other conditions, satisfactory completion by Karora of its due diligence, Toronto Stock Exchange approval and Australian regulatory approval. Closing will occur three business days following the satisfaction or waiver of such conditions. The AUD 10 million in Karora share consideration will be satisfied by the issuance of shares based on a 20-day volume weighted average share price on the TSX and applicable currency exchange rates. Karora has paid a AUD 500,000 deposit to the seller to be deducted from the cash portion of the purchase price due at closing.


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All news about KARORA RESOURCES INC.
06/16Karora Announces Results of Annual and Special Meeting of Shareholders
AQ
06/16TRANSCRIPT : Karora Resources Inc. - Shareholder/Analyst Call
CI
06/15Karora Resources Completes Oversubscribed $69 Million Bought Deal Financing
MT
06/15Karora Resources Closes Oversubscribed $69 Million Bought Deal Financing
AQ
06/13Karora Resources Announces That Leading Independent Proxy Advisory Firms ISS and Glass ..
AQ
06/10Karora Resources Says 2 Independent Proxy Advisory Firms Recommend Shareholders Vote Fo..
MT
06/10Karora Resources Announces that Leading Independent Proxy Advisory Firms ISS and Glass ..
AQ
06/10Karora Resources Secures Lower-Cost $80 Million Credit Agreement with Macquarie Bank
MT
06/09Karora Resources Bolsters Balance Sheet with Lower Cost $80 Million Credit Agreement wi..
CI
06/09Karora Resources Bolsters Balance Sheet with Lower Cost $80 Million Credit Agreement wi..
AQ
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Analyst Recommendations on KARORA RESOURCES INC.
More recommendations
Financials
Sales 2022 305 M 233 M 233 M
Net income 2022 49,4 M 37,8 M 37,8 M
Net cash 2022 88,0 M 67,4 M 67,4 M
P/E ratio 2022 12,2x
Yield 2022 -
Capitalization 560 M 429 M 429 M
EV / Sales 2022 1,55x
EV / Sales 2023 0,77x
Nbr of Employees 210
Free-Float 98,9%
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Technical analysis trends KARORA RESOURCES INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 3,30 CAD
Average target price 6,76 CAD
Spread / Average Target 105%
EPS Revisions
Managers and Directors
Paul Andre Huet Chairman, President & Chief Executive Officer
Barry L. Dahl Chief Financial Officer
Michael Benjamin Doolin Senior Vice President-Technical Services
Peter J. Goudie Independent Director
Scott Mckee Hand Lead Independent Director
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