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 has released its second set of drill results from the maiden surface diamond drill program at Arakompa, situated near the Kainantu Gold Mine in Papua New Guinea. This is the first drilling at Arakompa in 32 years, with the program revealing significant findings.
The new results include 9 holes, adding up to a total of 11 holes released. Highlights are notable bulk intersections such as KARDD0006: 94.40 m at 3.14 g/t AuEq, KARDD0011: 86.60 m at 2.12 g/t AuEq, and multiple high-grade lodes like KARDD0006: 12.60 m at 19.87 g/t AuEq.
Currently, three drill rigs are operational, with a fourth set to begin soon. The company aims to complete a maiden resource estimate by Q1 2025. Mineralization remains open along strike and depth, with approximately 20% of the 1.7 km mineralized corridor tested. The PR highlights the potential for Arakompa to contribute to K92's organic growth beyond its existing expansions at Kora and Judd.
K92 Mining Inc. announced strong financial results for Q1 2024, with a 39% increase in production compared to Q1 2023. The company reported a cash position of US$73.4 million, debt-free status, and quarterly revenue of US$59.8 million, up 48% from the previous year. Progress on Stage 3 and 4 Expansions is on track, with 52% of growth capital spent or committed as of April 30, 2024. Exploration drilling results at the Arakompa project and Kora-Kora South/Judd-Judd South deposits show significant potential for expansion.
K92 Mining Inc. announces high-grade drilling results from Kora, Kora South, Judd, and Judd South deposits, revealing multiple dilatant zones and extensions of high-grade zones. Notable intercepts include the discovery of a new dilatant zone and extensions of existing zones, showcasing the significant resource expansion potential and opportunities for high-grade zone expansion. The company remains optimistic about the growth prospects at Kainantu Gold Mine.
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