The gold price has broken out significantly and should have ended the bearish formation. This means that new highs are in prospect. All precious metal mining companies should also benefit from this. Karora Resources is one of them. Gold producer Karora Resources reported strong consolidated gold production of 39,548 ounces from its Beta Hunt and Higginsville mines in Western Australia for the third quarter of 2023. The company is on track to become a +200,000 ounce gold producer from 2025 with additional nickel co-production.
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