K92 Mining Inc. is pleased to announce financial results for the three months ended March 31, 2024. Production Quarterly production of 27,462 ounces gold equivalent or 24,389 oz gold, 1,443,300 lbs copper and 35,650 oz silver , representing a 39% increase from Q1 2023. Cash costs of US$934/oz gold and all-in sustaining costs of US$1,366/oz gold . Ore processed of 130,632 tonnes or 1,436 tpd , an 11% increase from Q1 2023 [...]
K92 Mining Inc. announces that it will release its 2024 first quarter financial results before the North American trading markets open on Monday, May 13, 2024. Conference Call and Webcast to Present Results K92 will host a conference call and webcast to present the 2024 first quarter financial results at 8:30 am on Monday, May 13, 2024. Listeners may access the conference call by dialing toll-free to 1-844-763-8274 within [...]
Quarterly production of 27,462 ounces gold equivalent or 24,389 oz gold, 1,443,300 lbs copper and 35,650 oz silver, and quarterly sales of 27,996 oz gold, 1,582,668 lbs copper and 38,812 oz silver. Production for the quarter exceeded budget, even with the temporary suspension of underground operations on March 10, 2024 , and prior to the temporary suspension was on track to be one of our strongest to date. Underground [...]
K92 Mining Inc. announces that it has commenced preparations to resume underground operations within two days, following the receipt of a letter from the Mineral Resources Authority of Papua New Guinea vacating the Form 29 that was issued on March 13, 2024 . The receipt of the letter vacating Form 29, follows a presentation by an Independent Safety Auditor to the MRA. Findings from the audit indicated that the Underground [...]
K92 Mining is pleased to announce financial results for the three and twelve months ended December 31, 2023. Production Fourth Quarter 2023 Record quarterly production of 39,101 ounces gold equivalent, or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver. Cash costs of US$430/oz gold, second lowest to date, and all-in sustaining costs of US$1,062/oz gold. Record quarterly ore processed of 151,908 tonnes or 1,651 [...]
K92 Mining Inc. announces that underground operations at the Kainantu Gold Mine have been temporarily suspended after a non-industrial incident occurred on the Company's mining lease on March 10, 2024, resulting in a deceased employee. Processing operations were temporarily suspended for three days and have resumed processing stockpiles. Preliminary findings from K92 and the Royal Papua New Guinea Constabulary have [...]
K92 Mining Inc. announces that it will release its 2023 fourth quarter financial results after the North American trading markets close on Monday, April 1, 2024. Conference Call and Webcast to Present Results K92 will host a conference call and webcast to present the 2023 fourth quarter financial results at 8:30 am on Tuesday, April 2, 2024. Listeners may access the conference call by dialing toll-free to 1-800-319-4610 [...]
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 [...]