Welcome to our dedicated page for K92 MINING news (Ticker: KNTNF), a resource for investors and traders seeking the latest updates and insights on K92 MINING stock.
K92 Mining Inc (KNTNF) is a mining company focused on exploring, developing, and operating mineral properties. With a strong presence in gold, silver, and copper mining, the company has shown significant growth and expansion in recent years. K92 Mining Inc is known for its innovative approach, sustainable practices, and commitment to community development. Currently, the company is engaged in various projects, including the Kora, Irumafimpa, and Judd Veins, showcasing its potential for long-term success in the mining industry.
K92 Mining announced high-grade drilling results from its Kainantu Gold Mine in Papua New Guinea. Two new dilatant zones were identified near the twin incline at Kora, with strike lengths of approximately 60 metres in K1 and 100 metres in K2. These zones are located approximately 175 metres south from current development, enabling potential near-term mining.
Key highlights include high-grade intercepts from K2 dilatant zone (up to 19.02 g/t AuEq over 13.50m) and K1 dilatant zone (up to 15.63 g/t AuEq over 16.10m). The drilling also extended high-grade zones within Kora's K1 and K2 Veins up-dip from the main mine, with multiple areas exceeding resource model grades.
At Judd's J1 Vein, drilling recorded extensions of high-grade zones up-dip from the main mine, including exceptional results of 178.59 g/t AuEq over 5.00m.
K92 Mining has filed a technical report containing an Updated Integrated Development Plan (IDP) for its Kainantu Gold Mine Project in Papua New Guinea. The report, dated November 28, 2024, with an effective date of January 1, 2024, was prepared by multiple Qualified Persons in accordance with National Instrument 43-101. The technical report, which includes key results, assumptions, and estimates for the Kainantu Project, is now available on SEDAR+ and the company's website.
K92 Mining reported record Q3 2024 financial results with significant achievements: record quarterly production of 44,304 ounces gold equivalent, record revenue of $122.7 million, and record net income of $46.5 million ($0.20 per share). The company maintained strong cash costs of $584/oz gold and AISC of $941/oz gold, significantly below 2024 guidance. Cash position strengthened to $120.3 million, with an additional $20.3 million in restricted cash. The Stage 3 Expansion is progressing well, with 63% of growth capital spent or committed, targeting process plant commissioning in Q2 2025.
K92 Mining has announced significant results from its maiden surface diamond drill program at Arakompa, located near the Kainantu Gold Mine in Papua New Guinea. Key highlights include:
- Discovery of a potential thick high-grade zone, with drill hole KARDD0029 recording 20.60 m at 9.87 g/t gold equivalent, including 10.70 m at 14.97 g/t AuEq.
- Extension of bulk tonnage strike by ~250 metres to the south, with total interpreted strike now exceeding 750 metres.
- Multiple high-grade intersections encountered, including 1.30 m at 35.72 g/t AuEq in KARDD0018.
- Exploration expanded from one drill rig to four at Arakompa.
- K92 is targeting a maiden mineral resource estimate for Arakompa by Q1 2025.
The company believes these results demonstrate significant potential for the Arakompa project, with mineralization open along strike and at depth.
K92 Mining has released an Updated Integrated Development Plan (IDP) for its Kainantu Gold Mine, effective January 1, 2024. The plan includes two scenarios: the Stage 3 Expansion (DFS Case) and the Stage 4 Expansion (PEA Case). The DFS Case projects a 100% throughput increase to 1.2 mtpa, with an after-tax NPV5% of $680 million at $1,900/oz gold, extending mine life to 2030. The PEA Case envisions a 200% throughput increase to 1.8 mtpa, with an after-tax NPV5% of $2.3 billion at $1,900/oz gold, extending mine life to 2037.
The updated IDP integrates a significant increase in mineral resources, improved off-take agreements, and higher commodity prices. The DFS Case estimates an average annual production of 303,288 oz AuEq, with average cash costs of $380 per gold ounce. The PEA Case estimates 413,593 oz AuEq annually, with cash costs of $174 per gold ounce.
The project is fully funded through existing cash balances and credit facilities. As of September 30, 2024, 68% of the total growth capital for expansions has been spent or committed.
K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) has announced the upcoming release of its Updated Kainantu Gold Mine Integrated Development Plan. The plan will be released after North American trading markets close on Wednesday, October 16, 2024.
Following the release, K92 will host a conference call and webcast to present the updated plan at 5:30 pm (EDT) on the same day. Interested parties can access the conference call by dialing 1-844-763-8274 (toll-free within North America) or +1-647-484-8814 (from international locations).
Additionally, a live webcast of the conference call will be available through the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=XJgneEhG
K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) has announced the details for its 2024 third quarter financial results conference call. The company will release its financial results before the North American trading markets open on Thursday, November 14, 2024. K92 will host a conference call and webcast to present the results at 8:30 am (EST) on the same day.
Investors and interested parties can access the conference call by dialing toll-free 1-844-763-8274 within North America or +1-647-484-8814 from international locations. Additionally, a live webcast of the conference call will be available through the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=bBRYFhsh
K92 Mining announced record Q3 2024 production results for its Kainantu Gold Mine in Papua New Guinea. Highlights include:
- Record quarterly production of 44,304 ounces gold equivalent (AuEq) or 41,702 oz gold, 1,278,492 lbs copper, and 37,613 oz silver
- Record quarterly sales of 45,248 oz gold, 1,615,185 lbs copper, and 46,062 oz silver
- Record metallurgical recoveries: 95.3% for gold and 95.1% for copper
- Ore processed: 104,992 tonnes with head grade of 13.8 g/t AuEq
- Ore mined: 112,333 tonnes with total mine development of 2,190 metres
The company is well-positioned to meet its 2024 operational guidance of 120,000-140,000 ounces AuEq, having delivered over 80% of the lower end of annual guidance in the first 9 months.
K92 Mining (TSX: KNT; OTCQX: KNTNF) reported strong financial results for Q2 2024, despite temporary operational suspension. Key highlights include:
- Production: 24,347 oz AuEq (21,661 oz gold, 1,246,639 lbs copper, 26,754 oz silver)
- Cash costs: US$919/oz gold; AISC: US$1,510/oz gold
- Revenue: US$47.8 million
- Net income: US$6.1 million (US$0.03 per share)
- Cash position: US$71.1 million (excluding US$20 million restricted cash)
- Secured credit facilities up to US$150 million with Trafigura
The company's Stage 3 and 4 Expansions are progressing well, with 57% of growth capital spent or committed. Exploration results from Kora, Judd, and Arakompa projects show promising high-grade intersections. K92 maintains its 2024 operational guidance and expects higher production in H2 2024.
K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) has announced the schedule for its 2024 second quarter financial results conference call. The company will release its financial results after North American trading markets close on Tuesday, August 13, 2024. A conference call and webcast to present these results will be held at 5:30 pm (EDT) on the same day.
Investors and interested parties can access the conference call by dialing toll-free 1-844-763-8274 within North America or +1-647-484-8814 from international locations. Additionally, a live webcast of the conference call will be available through a provided link.
FAQ
What is the current stock price of K92 MINING (KNTNF)?
What is the market cap of K92 MINING (KNTNF)?
What is K92 Mining Inc known for?
What projects is K92 Mining Inc currently engaged in?
What sets K92 Mining Inc apart in the mining industry?
How has K92 Mining Inc shown growth and expansion?
