K92 Mining Inc. is pleased to announce that on February 12, 2020, a State Delegation, including the Honorable James Marape, Prime Minister of Papua New Guinea, the Honorable Peter Numu, Governor of Eastern Highlands Province, and the Honorable Johnson Tuke, Minister for Mining and local Member of Parliament for Kainantu, met with representatives of K92. Highly productive meetings, presentations and community events were [...]
K92 Mining Inc. is pleased to announce it has been named to the 2021 OTCQX? Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. This is K92's third consecutive year in the OTCQX Best 50 Ranking. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return [...]
Judd Vein #1 1235 Level development extended to 288 metres, representing a 65-metre extension since the November 23, 2020 press release. Development has encountered higher grades as it advances to the South, with the extension recording an average J1 Vein thickness of 3.8 metres at 18.70 g/t gold equivalent or 17.13 g/t Au, 0.82% Cu and 37 g/t Ag from channel sampling. Mineralization style from development drive continues [...]
Production in 2021 is expected to grow 16-36% year over year, with Gold Equivalent production of between 115,000 and 135,000 ounces. High margin production forecasted in 2021, with Cash Costs between $515-565 per ounce gold and All-in Sustaining Costs between $825-$875 per ounce gold. Exploration to increase significantly, with expenditures of $14-17 million projected in 2021. During the course of 2020, the drill rig [...]
Record quarterly production in Q4 of 29,820 oz of gold equivalent or 28,809 oz gold, 493,584 lbs copper and 10,395 oz silver, representing a 26% AuEq increase from Q4 2019. Record annual production of 98,872 oz AuEq or 95,109 oz gold, 1,853,078 lbs copper and 36,067 oz silver, representing a year-over-year AuEq increase of 20%. Record quarterly plant throughput with 68,932 tonnes processed, representing a 127% increase [...]
K92 Mining Inc. is pleased to announce that it has received final approval for the listing of its common shares on the Toronto Stock Exchange . The Common Shares will commence trading on the TSX effective as of the open of the market on December 9, 2020. Upon listing on the TSX, the Common Shares will continue to trade under the symbol “KNT”. In conjunction with listing on the TSX, the Common Shares will be voluntarily [...]
K92 Mining Inc. is pleased to announce that it has been selected by the Prospectors & Developers Association of Canada to receive the 2021 Thayer Lindsley Award for the discovery of its Kora North deposit at its producing Kainantu Gold Mine in Eastern Highlands Province, Papua New Guinea. The award recognizes an individual or team of explorationists credited with a recent significant mineral discovery globally and will be [...]
Drill Hole KMDD0261 records multiple intersections including 9.80 m at 84.92 g/t gold equivalent or 83.27 g/t Au, 10 g/t Ag and 1.03% Cu, extending a known high-grade area ~50 metres up-dip. Drill Hole KMDD0262 records multiple intersections including 3.80 m at 36.23 g/t AuEq or 31.34 g/t Au, 83 g/t Ag and 2.63% Cu. Drill Hole KMDD0229 records multiple intersections including 1.67 m at 31.15 g/t AuEq or 29.76 g/t Au, 8 [...]
Judd Vein #1 1235 Level development extended to 223 metres, representing a 114 metre extension since the September 3, 2020 press release. The extension encountered notably higher-grade material, with the J1 Vein averaging 3.7 metres wide at 13.57 g/t gold equivalent or 12.17 g/t Au, 0.79% Cu and 19 g/t Ag. High grade vein face channel samples include: • 5.46 metres at 109.54 g/t AuEq or 108.0 g/t Au, 0.27% Cu and 100 [...]
K92 Mining Inc. announces that, in response to comments raised by the Toronto Stock Exchange in connection with the Company’s contemplated listing on the TSX it has filed an amended technical report titled, “Revised Independent Technical Report, Mineral Resource Estimate Update and Preliminary Economic Assessment for Expansion of the Kainantu Mine to Treat 1 Mtpa from the Kora Gold Deposit, Kainantu Project, Papua New [...]
K92 Mining Inc. is pleased to announce results from its interim financial statements for the three and nine months ended September 30, 2020. Third Quarter 2020 Highlights: Safety Strong safety record continues, with no lost time injuries and one of the best safety records in the Australasia region since start of operations. Proactive and focused management of COVID-19. K92 continues to operate and has strong preventative [...]
Results reported for the first four holes of K92’s Phase 1 underground drill program of the sparsely drill tested Judd vein system. Drilling has identified a well-mineralized vein system, intersecting multiple parallel veins trending North-South, ~150-200 m East and subparallel to the producing Kora deposit, near mine infrastructure and within the mining lease. JDD0006 intersected multiple veins, including recording [...]