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 installation of 3x new 132 kW ventilation fans underway for significant increase in [...]
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 underwriter and sole bookrunner, on behalf of a syndicate of underwriters [...]
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, further to its news release dated July 2, 2019, K92 has received the US $15 [...]
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 0.72% Cu plus 9.20 m at 9.41 g/t Au, 14 g/t Ag and 1.20% Cu Drill Hole [...]
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, to eliminate the contingent payment arrangement under the terms of the [...]
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 gross proceeds of $18,000,600 . The Company has also granted to the [...]
Executed Loan Agreement with Trafigura for US $15 million for expansion of the Kainantu Gold Mine. Offtake Agreement covering 100% production of copper/gold concentrates at competitive industry terms with no minimum quantity requirements. Continuing relationship with Trafigura, our offtake partner since the start of operations at Kainantu. VANCOUVER, British Columbia, July 02, 2019 -- K92 Mining Inc. is pleased to [...]
Q2 2019 Production highlights include: Q2 production of 18,980 oz of gold, 261,800 lbs copper and 6,894 oz silver for a total of 19,652 gold equivalent oz Tonnage treated through the process plant increased by over 40% from the previous record quarter to 37,913 tonnes, at average grade of 16.7 g/t gold and 0.34% copper, achieving recoveries of 93.2% for gold and 92.5% for copper Kainantu Mine achieves three years without [...]
The second of the six planned 400 to 600 metre deep holes intersected 219.6 metres at 0.16 g/t Au and 0.11 % Cu, including 147.7 metres at 0.21 g/t Au and 0.13% Cu from 456.9 metres to end of hole, with the hole ending in mineralization. The third deep hole, KTDD0007 intersected 303.3 metres at 0.22 g/t Au and 0.14% Cu from 190 metres to termination at 493.3 metres, with the hole ending in mineralization, including 165.3 [...]
K92 Mining Inc. is pleased to announce the appointment of Warren Uyen as Senior Vice President Operations and David Medilek as Vice President Business Development and Investor Relations. Mr. Uyen is a Mining Engineer with over 30 years’ experience in the Mining Industry in Australia and Asia. He has extensive experience in the management of both open pit and underground mines covering project development and [...]
Drill Hole KMDD0119, with a K2 intersection approximately 100 metres above the existing Kora North Resource and 100 metres below the existing Kora Resource, records multiple intersections including 49.46 m at 4.58 g/t Au, 33 g/t Ag and 1.09% Cu plus 3.66 m at 39.88 g/t Au, 280 g/t Ag and 0.25% Cu Drill Hole KMDD0146 records multiple intersections including 5.28 m at 53.85 g/t Au, 8 g/t Ag and 0.76% Cu plus 11.00 m at [...]
For the three months ended March 31, K92 produced 19,125 gold ozs or 19,778 gold equivalent oz for the year at a cost of US$377/gold oz or US$395/gold equivalent oz and an all-in sustaining cost of US$533/gold oz or US$545/AuEq oz1 Head grade of 23.6 g/t AuEq Revenue less Cost of Sales for the three months ended March 31, 2019, was US$14,672,640 Initial production guidance for 2019 expected to be between 68,000 and 75,000 [...]
