Karora Resources: Highlights from Q1 2024 and Merger with Westgold Resources

Despite the adversity, Karora Resources has managed to reduce its operating costs, not least due to additional nickel revenues, and increase its cash flow. The outlook for 2024 remains promising, with projected gold production of between 170,000 and 185,000 ounces at all-in-sustaining costs of between USD 1,250 and USD 1,375 per ounce. The merger with Westgold Resources, which will create Australia's largest unhedged gold producer, promises further synergies of more than USD 400 million and significant growth opportunities.

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