2019 Third Quarter Highlights For the three months ended September 30, 2019, K92 produced 18,636 oz gold, 209,287 lbs copper and 5,284 oz silver for a total of 19,170 gold equivalent oz. AuEq production for the three months ended September 30, 2019, exceeded budget by 14% and represents a significant increase of 93% from the same quarter last year. For the three months , ended September 30, 2019, K92 reports cash cost of [...]
Third Quarter 2019 Production highlights include: Q3 production of 18,636 oz of gold, 209,287 lbs copper and 5,284 oz silver for a total of 19,170 gold equivalent oz. Tonnage treated through the process plant was 32,094 tonnes, at an average grade of 19.19 g/t gold and 0.32% copper, achieving recoveries of 94.1% for gold and 92.1% for copper. Kainantu Mine added another quarter without any lost time injuries , increasing [...]
Drill Hole KMDD0143 one of the deepest holes drilled to date at Kora/Kora North records multiple intersections including 7.40 m at 23.72 g/t Au, 26g/t Ag and 1.71% Cu plus 2.00 m at 5.09 g/t Au, 24 g/t Ag and 4.16% Cu plus 4.3 m at 1.61 g/t Au, 54 g/t Ag and 2.16% Cu Drill Hole KMDD0176, which only targeted the K1 vein, records one of the widest K1 intersection yet encountered of 42.5 m at 7.98 g/t Au, 25 g/t Ag and 0.85 [...]
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 K92 Mining Inc. is engaged in the production of gold, copper and silver from the [...]
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 multiple intersections including 9.81 m at 6.15 g/t Au, 7 g/t Ag and 0.19% Cu [...]
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 Director, stated, “K92 is extremely pleased to have closed out this final [...]
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 contingent payment arrangement under the terms of the share sale agreement [...]
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 of various media reports on recent negotiations between [...]
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 cost guidance for 2019 to cash costs of $560/oz1 to $600/oz1 and AISC of [...]
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 [...]
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