Welcome to our dedicated page for K92 Mining news (Ticker: KNTNF), a resource for investors and traders seeking the latest updates and insights on K92 Mining stock.
K92 Mining Inc. (OTCQX: KNTNF) generates frequent news updates related to its gold, copper and silver production at the Kainantu Gold Mine in Papua New Guinea and its ongoing expansion and exploration programs. Company announcements cover operational performance, financial results, project milestones and regional exploration results, providing context for how the business is progressing over time.
News releases often highlight quarterly production and sales figures for gold, copper and silver, reported in both metal units and gold equivalent ounces. K92 regularly reports on metallurgical recoveries, ore processed, ore mined and mine development metrics, as well as cash cost and all-in sustaining cost measures. These updates give investors and followers insight into how the Kainantu operation is performing relative to company guidance.
A significant portion of K92’s news flow focuses on the Stage 3 Expansion at Kainantu, including the construction and commissioning of the 1.2 million tonnes-per-annum process plant and related infrastructure such as ventilation upgrades, ore and waste passes, pastefill facilities and power station expansions. The company also issues releases on the progress of enabling projects for a potential Stage 4 Expansion, which aims to support higher mining throughputs and two standalone process plants.
In addition, K92 publishes detailed exploration updates, particularly for the Arakompa project and the Wera prospect, as well as near-mine drilling at Kora and Judd. These releases include drilling results, interpretations of mineralized systems and discussions of potential bulk mining zones or porphyry-style mineralization. Corporate news, such as leadership changes in community affairs and external relations, is also reported. For investors and observers tracking KNTNF, this news page provides a centralized view of K92 Mining’s operational, financial and exploration developments.
K92 Mining Inc. (OTCQX: KNTNF) has filed a new technical report detailing an updated resource estimate for the Kora gold deposit and a maiden estimate for the Judd deposit in Papua New Guinea. The report, effective January 20, 2022, aligns with National Instrument 43-101 standards and was prepared by a qualified team. The company, which has been in commercial production since February 2018, is expanding its operations based on recent economic assessments. K92 Mining is well-positioned financially for future growth in gold, copper, and silver production.
K92 Mining reported strong financial results for Q4 and full year 2021, showcasing operational excellence and significant growth.
Highlights include:
- Record quarterly revenue of US$53.9 million, up 12% year-over-year.
- Record AuEq production of 36,145 oz in Q4, a 21% increase.
- Full-year revenue reached US$154.3 million, with cash costs at US$614/oz.
- A record cash position of US$71.3 million as of December 31, 2021.
The company is poised for future growth with ongoing expansion plans.
K92 Mining Inc. (KNTNF) will release its fourth quarter and annual financial results for 2021 after North American markets close on March 30, 2022. A conference call and webcast will be held on March 31, 2022, at 8:30 am EDT to discuss these results. The company, engaged in gold, copper, and silver production at the Kainantu Gold Mine in Papua New Guinea, is positioned strongly financially. K92 has embarked on an expansion of the mine, informed by an updated Preliminary Economic Assessment.
K92 Mining announced an updated resource estimate for the Kora deposit and a maiden resource for the Judd deposit at its Kainantu Gold Mine in Papua New Guinea. The Kora resource now includes a Measured and Indicated Resource of 2.1 million ounces at 9.20 g/t AuEq, a 91% increase from April 2020. The Judd deposit features a Measured and Indicated Resource of 0.13 million ounces at 11.00 g/t AuEq. Exploration shows potential for further resource growth, with drilling operations currently ongoing at multiple sites.
K92 Mining reported significant drilling results from Kora South and Judd South at the Kainantu gold mine in Papua New Guinea. Hole KUDD0001 intersected multiple high-grade zones, including 15.25 m at 15.87 g/t AuEq and a notable dilatant zone of 66.55 m at 5.02 g/t AuEq. Hole KUDD0002 also showed strong results with intersections like 6.20 m at 17.26 g/t AuEq and 0.93 m at 36.39 g/t AuEq. The company completed an airborne geophysics program, revealing extensive untested potential and confirming the mineralization trends extend further south than previously known. These findings are crucial for K92’s future drilling campaigns.
K92 Mining expects significant growth in its 2022 operational outlook, projecting up to a 34% increase in gold equivalent production to 115,000 to 140,000 ounces. Cash costs are forecasted at $560-$640 per ounce gold, while all-in sustaining costs (AISC) are estimated at $890-$970 per ounce. The company plans to invest $12-$15 million in exploration activities, and growth capital costs are projected at $41-$47 million, supporting expansions and infrastructure upgrades.
K92 Mining achieved record production at its Kainantu Gold Mine in Q4 2021, totaling 36,145 oz of AuEq, which included 33,220 oz of gold, exceeding guidance. The annual total reached 104,196 oz AuEq. Significant material movement of 99,713 tonnes processed marked a 45% increase from Q4 2020. The quarter saw high recoveries of 92.8% for gold and 92.9% for copper, with continuous improvements expected from the gravity circuit integration. Notably, development of the Judd #1 Vein has been successful, enhancing operational flexibility and throughput.
K92 Mining has reported significant underground drilling results from the Kora deposit at the Kainantu gold mine, Papua New Guinea. The recent 50 drill holes showcased high-grade mineralization, with notable intersections such as:
- KMDD0415: 7.51 m at 192.92 g/t AuEq
- KMDD0312: 7.60 m at 41.91 g/t AuEq
- KMDD0441: 12.65 m at 36.54 g/t AuEq
All drill holes intersected mineralization, indicating strong continuity and resource expansion potential. This data will be included in the upcoming resource update and supports ongoing exploration and expansion plans.
K92 Mining Inc. (KNTNF) reported strong financial results for Q3 2021, achieving record production levels. Key highlights include:
- Quarterly revenue of $35.4 million, with a net income of $4.9 million.
- Record quarterly tonnage of 87,621 tonnes treated, a 35% increase from Q3 2020.
- Gold equivalent production of 24,122 oz.
- Strong cash position of $55 million as of September 30, 2021.
- COVID-19 challenges impacted costs, increasing cash costs to $670-$720 per ounce.
- Expansion plans approved to increase throughput by 25% by Q3 2022.
K92 Mining Inc (TSX: KNT; OTCQX: KNTNF) held its 2021 annual general and special meeting (AGM) virtually on October 28, 2021. A total of 145,080,169 common shares, representing 65.23% of the outstanding shares, were voted. All eight director nominees were elected, with R. Stuart (Tookie) Angus receiving 90.33% approval. Other resolutions passed included setting the number of directors to eight, re-appointing PricewaterhouseCoopers LLP as auditor, adopting the Share Compensation Plan, and adopting new Articles for the Company. For detailed results, documents are available on K92’s website and SEDAR.