Karora shares plunge despite production recovery

TORONTO-based, Western Australia-focused gold miner Karora Resources staged a second quarter production rally, but its shares plunged sharply overnight despite the good news.

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Karora's production rose for the quarter

The miner's production rallied from the first quarter's COVID-plagued 27,489 ounces to 30,652oz, which executive chairman Paul Andre Huet said kept it within guidance.
 
Costs were not revealed.