K92 Mining Stock Price, News & Analysis

K92 Mining Inc. (KNTNF) reported strong second-quarter financial results for the period ending June 30, 2022. The company achieved record production, processing 108,853 tonnes, with a gold equivalent output of 26,085 oz. Financial highlights include a cash position of $81.7 million and a 5% increase in revenue to $37.4 million year-over-year. The net income rose by 17% to $5.1 million. K92 continues its expansion efforts, with the Stage 2A Expansion on track and significant exploration progress, including a maiden resource estimate of 10.8 million oz AuEq at the Blue Lake project.

K92 Mining announced a significant maiden resource estimate for the Blue Lake porphyry project, located near its Kainantu Gold Mine in Papua New Guinea. The estimate includes 10.8 million ounces of gold equivalent (AuEq) at 0.61 g/t AuEq and 4.7 billion lbs of copper equivalent (CuEq) at 0.38% CuEq, based on a total of 549 million tonnes of mineralized material. The deposit shows considerable potential for expansion and is noted for its equal ratio of gold and copper. Future exploration will target higher-grade zones and additional nearby porphyry systems.

K92 Mining Inc. (KNTNF) will release its 2022 second quarter financial results on August 15, 2022, before North American markets open. A conference call and webcast will follow at 8:30 am EDT to discuss these results. K92 operates the Kainantu Gold Mine in Papua New Guinea and is expanding operations based on an updated Preliminary Economic Assessment. The company emphasizes its strong financial position and operational expertise in the mining sector.

K92 Mining reported strong production results for Q2 2022 at the Kainantu Gold Mine, achieving record throughput of 108,853 tonnes and 114,471 tonnes of mill feed, marking increases of 44% and 59% year-over-year, respectively. The quarter yielded 26,085 oz of gold equivalent, positioning the company to meet its annual guidance of 115,000 to 140,000 oz AuEq. Robust metallurgical recoveries were also noted, reaching 91% for gold and 90.9% for copper. Development activities exceeded budget by 38%, enhancing long-term operational capability.

K92 Mining Inc. announced the results of its 2022 Annual General Meeting (AGM), held virtually on June 30, 2022. A total of 148,725,971 shares were voted, representing 65.57% of the company's outstanding shares. All nine director nominees were elected, with R. Stuart (Tookie) Angus receiving 97.48% votes in favor. Shareholders also approved setting the number of directors at nine and reappointing PricewaterhouseCoopers LLP as auditors. K92 continues its operations at the Kainantu Gold Mine in Papua New Guinea and has a robust financial position.

K92 Mining announces the latest underground drilling results from the Kora and Judd deposits at the Kainantu gold mine in Papua New Guinea. Drill hole JDD0051 reported 8.80 m at 61.17 g/t gold equivalent (AuEq), while KMDD0402 showed intersections of 4.20 m at 37.38 g/t AuEq. Results indicate high-grade mineralization and continuity with all 116 completed drill holes intersecting valuable minerals. Significant expansion potential is noted in both deposits with drilling ongoing at Kora and Judd.

K92 Mining Inc. has appointed Christopher Kinver as the Project Director for the Kora Expansion, responsible for Stage 2A and Stage 3 expansions at the Kainantu Mine in Papua New Guinea. Kinver brings nearly 20 years of mining experience, having previously held senior roles with OceanaGold and BHP Billiton. He has been with K92 since 2019, enhancing his familiarity with the Kainantu operation. This leadership change aims to leverage his expertise for successful project delivery, strengthening K92's position in the mining sector.

K92 Mining announced strong financial results for Q1 2022, including a revenue of US$52.4 million, up 78% year-over-year. Gold equivalent production reached 28,188 oz, a 49% increase, with cash costs of US$536/oz and all-in sustaining costs of US$788/oz. The company also reported a record cash position of US$79.9 million. Expansion efforts are ongoing, with production growth and exploration activities ramping up, including a new Gold Doré Export Mining License.

K92 Mining Inc. (KNTNF) will release its 2022 first quarter financial results on May 16, 2022, before North American markets open. A conference call and webcast will take place at 8:30 am (EDT) on the same day for results presentation. The company, engaged in gold, copper, and silver production at the Kainantu Gold Mine in Papua New Guinea, has been expanding its operations based on positive assessments. K92 declared commercial production in February 2018 and boasts a strong financial position.