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) reported Q2 2021 financial results with a net income of $4.4 million or $0.02 per share. The company achieved a record quarterly production of 25,015 oz AuEq, a 53% increase year-over-year, despite COVID-19 challenges impacting operations. Cash costs were US$736/oz, with all-in sustaining costs of US$1,057/oz. As of June 30, 2021, cash balance stood at $56 million. Looking ahead, K92 expects stronger production in the second half of the year, particularly with plans for the Judd Vein System.
K92 Mining Inc. (KNTNF) has announced promising results from the ongoing diamond drilling at the Kora deposit in Papua New Guinea. Drill holes KMDD0286 and KMDD0292 reported high-grade intersections, including 3.00 m at 71.64 g/t AuEq and 5.35 m at 37.98 g/t AuEq, respectively. Overall, the latest results highlight the continued high-grade continuity of the Kora deposit with 45 intersections exceeding 5 g/t AuEq. CEO John Lewins expressed optimism about the ongoing exploration and anticipated further updates in the near term.
K92 Mining reported a record Q2 2021 production of 25,015 oz AuEq (22,153 oz gold, 1,098,730 lbs copper, and 14,914 oz silver), despite challenges from COVID-19. The company achieved 75,667 tonnes throughput, a 53% increase from Q2 2020. Operational efficiency improved significantly in late Q2, yielding 16,284 oz AuEq from mid-May to end of June. The anticipated production stoping from the Judd Vein System is planned for Q4, which is expected to enhance output further.
K92 Mining Inc. (KNTNF) will release its 2021 second quarter financial results on August 16, 2021. A conference call and webcast to discuss these results is scheduled for August 17, 2021, at 8:30 AM EDT. K92 operates the Kainantu Gold Mine in Papua New Guinea, producing gold, copper, and silver since declaring commercial production in February 2018. The company is financially strong and is expanding its mining operations based on a recent Preliminary Economic Assessment.
K92 Mining (KNTNF) reported strong Q1 2021 results, achieving a record quarterly revenue of US$29.5 million, up 7% year-over-year. The company produced 18,654 oz of gold equivalent and increased its cash balance by US$15 million, totaling US$66 million. Despite operational challenges due to COVID-19 and an underground loader incident, production efficiency is expected to recover in Q2. The company also reported a net income of US$2.2 million with cash costs of US$745/oz and all-in sustaining costs of US$1,038/oz, highlighting a solid financial position.
K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) announced that the Australian government has lifted travel restrictions for expatriate fly-in fly-out workers between Papua New Guinea and Australia, initially imposed on March 17, 2021. The move follows enhanced COVID-19 protocols and allows K92 personnel to resume international travel. Despite some operational impacts due to lower expatriate personnel during the restrictions, the Kainantu Gold Mine continued operations without significant disruption. The completion of an updated resource estimate is now delayed until Q4 2021, but overall 2021 guidance remains unaffected.
K92 Mining Inc. (OTCQX: KNTNF) has granted 2,420,000 stock options to its employees, directors, and consultants, effective May 3, 2021. The options are exercisable at $8.02 per share, expiring in five years, and will vest over twelve months. The company is engaged in producing gold, copper, and silver from the Kora deposit in Papua New Guinea and announced commercial production commencement in February 2018. K92 is in a robust financial position and is expanding its mine based on an updated Preliminary Economic Assessment.
K92 Mining has announced that it will release its 2021 first quarter financial results on May 13, 2021, after North American market close. A conference call and webcast will follow on May 14, 2021, at 8:30 AM EDT for detailed discussion of the results. K92 operates the Kainantu Gold Mine in Papua New Guinea, producing gold, copper, and silver, with commercial production declared in February 2018. The company is financially strong and is currently expanding its mine based on updated Preliminary Economic Assessments from January 2019 and July 2020.
K92 Mining reported a record Q1 throughput of 73,221 tonnes, a 54% increase from Q1 2020, with an average of 1,000 tonnes per day. Production included 18,654 oz AuEq (17,774 oz gold, 426,153 lbs copper, 7,925 oz silver). Despite challenges such as a shortage of explosives and an underground loader incident, K92 maintained operational resilience, deferring some production to Q2. The company strengthened its financial position, repaying $5 million in loans and increasing cash reserves to $66 million.
K92 Mining Inc. (OTCQX: KNTNF) announced robust financial results for Q4 and the full year 2020, achieving record revenues of US$48 million in Q4, up 44% year-over-year, and US$159 million for the year, a 56% increase. The company produced 29,820 oz of gold equivalent in Q4, a 26% rise from the previous year, and 98,872 oz annually, a 20% increase. Cash costs were US$639/oz and all-in sustaining costs at US$768/oz in Q4. A successful Stage 2 Plant Expansion, now doubling capacity, and a promising Stage 3 Expansion PEA drive further growth potential.