K92 Mining Inc. announces the grant of 1,265,000 stock options to employees and consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $1.92 per share, expire five years from the date of grant, and vest in increments over twelve months from the date of grant. About K92 [...]
Drill Hole KMDD0166 records multiple intersections including 7.43 m at 24.52 g/t Au, 4 g/t Ag and 0.35% Cu plus 3.97 m at 16.55 g/t Au, 5 g/t Ag and 0.34% Cu Drill Hole KMDD0168 records multiple intersections including 4.05 m at 20.53 g/t Au, 7 g/t Ag and 0.29% Cu plus 12.95 m at 20.30 g/t Au, 18 g/t Ag and 0.98% Cu Drill Hole KMDD0170 records [...]
K92 Mining Inc. is pleased to announce that K92 has now paid out the final outstanding gold ounces owed to Cartesian Royalty Holdings II under the Gold Prepayment Agreement which formed part of the financing agreements with CRH . The Company now has no outstanding liabilities or obligations to CRH. John Lewins, K92 Chief Executive Officer and [...]
K92 Mining Inc. is pleased to announce that K92 has now paid US$12.5 million to Barrick Gold Corp. under the Amendment Agreement previously announced on July 17, 2019. Under the terms of the Amendment Agreement, K92 was to provide Barrick with a cash payment of US$12.5 million within 60 days from the date of the Amendment Agreement to eliminate the [...]
K92 Mining Inc. is providing an update to shareholders regarding the trading activity of its common shares on the TSX Venture Exchange and OTCQX. Although we do not generally respond to market activity, we feel it is appropriate at this time to comment based on the level of trading activity in KNT and KNTNF Shares on August 19, 2019. K92 is aware [...]
For the three months ended June 30, 2019, K92 sold 18,824 gold oz for the period at a cost of US$551/oz1 and an all-in sustaining cost of US$681/oz1 Head grade of 16.7 g/t Au Revenue less Cost of Sales for the three months ended June 30, 2019 was US$10,784,119 Increased production guidance for 2019 to 72,000 to 80,000 gold equivalent oz . Decreased [...]
K92 provides an update on the Kora Expansion Project at the Kainantu Gold Mine: Installation of Gravity Circuit complete and commissioning underway, which is expected to increase recoveries and payabilities Underground Mining Fleet expanded with delivery of new grader and larger trucks and loaders New ventilation system commissioned and [...]
K92 Mining Inc. announces that, further to the Company’s press release dated July 11, 2019, the Company has closed its bought deal private placement for aggregate gross proceeds of $20,700,690, pursuant to which the Company issued 10,895,100 common shares at a price of C$1.90 per Share . The Offering was led by Clarus Securities Inc., as lead [...]
Loan Agreement for US $15 million for expansion of the Kainantu Gold Mine. Offtake Agreement for 100% production of copper/gold flotation concentrate at competitive terms. Agreements with Trafigura, offtake partner since start of K92 operations at Kainantu. VANCOUVER, British Columbia, July 25, 2019 -- K92 Mining Inc. is pleased to announce that [...]
Eleven underground and surface drill holes at Kora North, all reporting K1 and K2 vein mineralization, with a total of 12 vein intersections averaging greater than 10 g/t AuEq, including 4 separate vein intersections averaging greater than 20 g/t AuEq Drill Hole KMDD0162 records multiple intersections including 6.70 m at 120.6 g/t Au, 11 g/t Ag and [...]
K92 Mining Inc. is pleased to announce that K92 and Barrick Gold Corp. , through its wholly-owned subsidiary, have entered into an amendment agreement amending the share sale agreement dated June 11, 2014 . Under the amended terms, K92 will provide Barrick with a cash payment of US$12,500,000 within 60 days from the date of the Amendment Agreement [...]
K92 Mining Inc. is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters to purchase, on a bought deal private placement basis, 9,474,000 common shares in the capital of the Company at a price of $1.90 per Common Share , for aggregate [...]