Production in 2024 is expected to be 120,000 to 140,000 ounces gold equivalent . The second half of the year is expected to be the strongest, as operations progressively ramp up ahead of the new 1.2 million tonnes per annum Stage 3 Process Plant commissioning, scheduled for the end of Q1 2025. Cash costs between $820-$880 per ounce gold and all-in sustaining costs of $1,440-$1,540 per ounce gold forecasted for 2024. The [...]
First two holes from K92's maiden drill program at the Arakompa project , located ~4.5 km from the Kainantu process plant, recorded significant mineralization, with 4 high grade lodes intersected in hole KARDD0002 recording 7.20 m at 24.76 g/t AuEq, 5.70 m at 9.94 g/t AuEq, 5.30 m at 6.06 g/t AuEq and 3.60 m at 3.38 g/t AuEq, and similar mineralization to the producing high grade Kora and Judd vein systems . Significant [...]
Record quarterly production of 39,101 ounces gold equivalent or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver, and quarterly sales of 31,931 oz gold, 2,995,585 lbs copper and 61,712 oz silver. Annual production of 117,607 ounces AuEq or 100,533 oz gold, 7,690,477 lbs copper and 160,628 oz silver, and annual sales of 96,013 oz gold, 7,446,581 lbs copper and 157,613 oz silver, exceeding the updated production [...]
K92 Mining Inc. is pleased to announce the promotions of David Medilek to the position of President & Chief Operating Officer and Chris Kinver to the position of Vice President Projects & Engineering. Mr. Medilek is a mining professional with over 16 years of mining capital markets, corporate strategy and technical operating experience. Mr. Medilek joined K92 in 2019, most recently holding the position of President, and [...]
Quarterly production of 26,225 ounces gold equivalent or 22,227 oz gold, 1,784,009 lbs copper and 40,233 oz silver, and quarterly sales of 18,339 oz gold, 1,255,291 lbs copper and 30,484 oz silver. Production for the quarter was impacted from the safety incident on June 28 , that resulted in the suspension of underground mining for 9 days which delayed high-grade stoping tonnes originally scheduled in September to Q4, and [...]
K92 Mining Inc. announces that it will release its 2023 third quarter financial results before the North American trading markets open on Tuesday, November 14, 2023. Conference Call and Webcast to Present Results K92 will host a conference call and webcast to present the 2023 third quarter financial results at 8:30 am on Tuesday, November 14, 2023. Listeners may access the conference call by dialing toll-free to [...]
K92 Mining Inc. is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which Trafigura will provide a US$100 million senior secured loan to K92. In addition, the Papua New Guinea subsidiary of the Company, K92 Mining Limited, and Trafigura have amended and restated the offtake agreement dated July 1, 2019 for the purchase by [...]
K92 Mining Inc. is pleased to announce that it has published its 2022 Sustainability Report. This is K92's fourth annual sustainability report, outlining the environmental, social and governance practices and performance of the Company. The report builds on our strong foundation in ESG reporting and disclosure, including reporting in accordance with the Sustainability Accounting Standards Board Metals and Mining Standard [...]
K92 Mining Inc. is pleased to announce that the Board of Directors has authorized the Company's award of the engineering, procurement, construction and commissioning Lump Sum Contract for the 1.2 million-tonnes-per-annum Stage 3 Expansion Process Plant to GR Engineering Services Limited following a tender process. The EPC Lump Sum Contract award amount is US$81 million and is fixed price / lump sum, significantly [...]
K92 Mining Inc. announces that it will release its 2023 second quarter financial results before the North American trading markets open on Thursday, August 10, 2023. Conference Call and Webcast to Present Results K92 will host a conference call and webcast to present the 2023 second quarter financial results at 8:30 am on Thursday, August 10, 2023. Listeners may access the conference call by dialing toll-free to [...]
Strong quarterly production of 30,794 ounces gold equivalent or 27,405 oz gold, 1,526,547 lbs copper and 34,001 oz silver, representing an 18% increase from Q2 2022 and 43% increase from Q1 2023, and quarterly sales of 28,141 oz gold, 1,657,115 lbs copper and 36,253 oz silver. The second half of the year is expected to be the stronger operationally, with 2023 guidance unchanged. Operational performance strengthened [...]
