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. reports operating, financial, exploration and development updates tied to the Kainantu Gold Mine in the Eastern Highlands Province of Papua New Guinea. The company produces gold, copper and silver at Kainantu and conducts exploration and development on nearby mineral deposits, including the Kora and Judd systems and the Blue Lake copper-gold porphyry project.
Recurring news covers gold-equivalent production, ore mined and processed, sales volumes, costs, financial results, expansion projects, mine infrastructure, processing capacity, drilling results and operational guidance. Updates also address site construction, fleet and ventilation upgrades, safety matters and conference-call details for periodic results.
K92 Mining Inc. (KNTNF) has announced the passing of board member Graham Wheelock, who served on the company's Board of Directors since February 2016. Wheelock had an extensive 40-year career in mining, notably co-founding Gem Diamonds Limited in 2005 and helping manage its IPO in 2007 with a £600 million market capitalization. His experience included roles at Anglo American plc and De Beers, where he served as Acting General Manager for De Beers Namaqualand Mines, overseeing 2,300 employees and 4.5 million tons of annual production. The company will continue to be supported by its directors under the leadership of Chair Anne Giardini, KC.
K92 Mining (KNTNF) reported strong Q1 2025 production results, achieving 47,817 ounces gold equivalent (AuEq), marking a 74% increase from Q1 2024. The company processed 103,449 tonnes of ore with impressive head grades of 14.9 g/t AuEq and achieved strong metallurgical recoveries of 95.8% for gold and 95.1% for copper.
The quarter saw total material movement of 315,182 tonnes and set a new monthly development advance record of 954 metres in March. The mine benefited from recently commissioned infrastructure upgrades, including an interim ventilation system that exceeded expectations with a 50% increase in mine airflow.
The Stage 3 Expansion is progressing well with 75% of capital spent or committed, and commissioning of the new 1.2 million tonnes per annum process plant is set to begin in Q2 2025. The company maintained strong financial performance, growing its net cash balance despite investing in expansion and making a US$12 million PNG Corporate Tax payment.
K92 Mining (TSX: KNT; OTCQX: KNTNF) has scheduled the release of its 2025 first quarter financial results before North American markets open on Monday, May 12, 2025. The company will host a conference call and webcast to discuss the results at 8:30 am (EDT) on the same day.
Investors can join the conference call by dialing 1-833-752-3535 (North America toll-free) or +1-647-846-8278 (international). A live webcast will also be available through the company's provided link.
K92 Mining has filed amended technical reports for its Blue Lake Porphyry Deposit and Kainantu Gold Mine Project in Papua New Guinea. The amendments include:
1. For Blue Lake Technical Report: Removal of copper equivalent inferred resource calculation and updated gold equivalent formula. The inferred mineral resource stands at 686 Mt at 0.66 g/t AuEq for 14.6 Moz AuEq, with 0.19 g/t Au (4.2 Moz), 2.4 g/t Ag (53.6 Moz), and 0.21% Cu (1.4 Mt).
2. For Kainantu Technical Report: Removal of the Stage 4 Expansion Preliminary Economic Assessment (PEA) Case, while maintaining the Stage 3 Expansion Definitive Feasibility Study (DFS) Case. The Stage 3 Expansion process plant (1.2 mtpa) is under construction and designed for potential capacity expansion.
K92 Mining (TSX: KNT; OTCQB: KNTNF) has appointed Robert Smillie as Vice President - Exploration, while Andrew Kohler will return to his role as Chief Geologist after serving as Interim VP Exploration.
Smillie brings over 35 years of mining industry experience, specializing in epithermal gold and copper-gold systems across the Asia Pacific region. His notable achievement includes leading the discovery of the Townsville project at Ok Tedi Mining in PNG, the most significant near-mine copper-gold discovery in over 30 years, featuring a zoned skarn breccia extending over 800 metres vertically. At Ok Tedi, he managed exploration programs with annual budgets up to AUD$25 million.
Smillie holds an MBA from Victoria University and geology degrees from Otago University. He is a Fellow of both the Society of Economic Geologists and Australasian Institute of Mining and Metallurgy.
K92 Mining reported record-breaking Q4 and full-year 2024 financial results. Q4 highlights include record production of 53,401 ounces gold equivalent, with cash costs of US$483/oz gold and AISC of US$837/oz gold. The company achieved record quarterly net income of US$55.5 million and revenue of US$120.3 million.
Full-year 2024 performance exceeded guidance with production of 149,515 ounces AuEq, representing a 27% increase from 2023. Annual revenue reached US$350.6 million, up 75% year-over-year, while net income surged 235% to US$111.2 million.
The company's Stage 3 Expansion is progressing well, with 70% of growth capital spent or committed. Commissioning of the 1.2 million tpa process plant is on track for Q2 2025. Strong drilling results were reported from Kora, Judd, and Arakompa projects, with significant high-grade intersections and bulk mining potential identified.
K92 Mining has announced significant drilling results from its Arakompa project, located 4.5 km from the Kainantu Gold Mine Process Plant in Papua New Guinea. The maiden drill program, the first in 32 years, has confirmed two major high-grade sub-parallel veins (AR1 and AR2) with substantial thickness and strike lengths.
Key findings include:
- AR1 and AR2 veins defined to depths over 500 metres with strike lengths of 675 and 775 metres respectively
- Average true thickness of 3.14 metres for AR1 and 2.94 metres for AR2
- Strong high-grade hit rates at +5 g/t AuEq of 50% for AR1 and 42% for AR2
- Bulk tonnage zone extended 150 metres south, now defined 900 metres along strike
The company aims to deliver a maiden mineral resource estimate for Arakompa by mid-2025, with plans to enhance exploration activities using a new compact heli-portable rig scheduled to arrive mid-2025.