K92 Mining - KNTNF STOCK NEWS

K92 Mining (TSX: KNT; OTCQX: KNTNF) has announced it will release its 2024 fourth quarter financial results before North American markets open on Monday, March 17, 2025. The company will host a conference call and webcast to present these results at 8:30 am (EDT) on the same day.

Investors can access the conference call by dialing 1-844-763-8274 (North America toll-free) or +1-647-484-8814 (international). A live webcast will also be available through the company's provided link.

K92 Mining has announced its 2025 operational guidance, projecting significant production growth of 160,000 to 185,000 ounces gold equivalent (AuEq), up from 149,515 oz AuEq in 2024. The increase is driven by the commissioning of the new 1.2 million tonnes per annum Stage 3 Expansion process plant, scheduled for Q2 2025.

The company forecasts net by-product cash costs of $710-$770 per ounce gold and all-in sustaining costs (AISC) of $1,460-$1,560 per ounce gold. Growth capital is expected to be $105-$110 million in 2025, with 70% of the Stage 3 and 4 Expansion capital already spent or committed by end of 2024.

A substantial exploration budget of $17-$20 million is planned for 2025, focusing on multiple targets including Arakompa, Maniape, Kora South, and Judd South. The company maintains strong financial position with $60 million in undrawn credit facilities and gold put contracts securing downside protection until mid-2025.

K92 Mining (TSX: KNT; OTCQB: KNTNF) announced several key management changes to strengthen its leadership team. Heidi Grobler, with over 20 years of mining industry experience, has been promoted to Vice President of Human Resources. Stanley Komunt, an experienced community and government relations leader, has been appointed as General Manager, External Affairs designate, succeeding Mark Schubert upon his retirement in 2025.

Andrew Kohler has been promoted to Interim Vice President of Exploration following the departure of Chris Muller. Kohler, who joined K92 in 2016 as Chief Geologist, was part of the team that discovered the Kora North Deposit, which received the Thayer Lindsley Award in 2021. Muller, who served as Executive Vice President of Exploration, was instrumental in discovering the Blue Lake porphyry and delivering a maiden 10.8 million ounces AuEq inferred resource in 2022.

K92 Mining reported record Q4 2024 production of 53,401 oz gold equivalent (AuEq), representing a 37% increase from Q4 2023 and a 21% increase from Q3 2024. The company achieved record annual production of 149,515 oz AuEq, significantly exceeding their guidance range of 120,000-140,000 oz AuEq.

Q4 highlights include record metallurgical recoveries of 96.4% for gold and 94.7% for copper, with December achieving monthly records of 97.1% and 96.1% respectively. The mine processed 96,614 tonnes with a head grade of 18.0 g/t AuEq, the highest since Q2 2020. Total material movements reached the second-highest on record at 306,430 tonnes.

The company is advancing its Stage 3 Expansion, with approximately 70% of growth capital spent or committed as of December 31, 2024. Commissioning of the expanded process plant is scheduled for late-Q2 2025.

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.