K92 MINING INC - KNTNF STOCK NEWS

K92 Mining reported a record Q3 2021 with 87,621 tonnes processed, up 35% from Q3 2020. Production totaled 24,122 oz AuEq, including 21,908 oz gold. September saw an average throughput of 1,100 tpd, leading to the approval of a Stage 2A Expansion to raise capacity by 25% to 500,000 tpa. Despite COVID-19 challenges, the mine improved development by 50% compared to Q2. The company plans to ramp up production at the new Judd Vein System, enhancing operational flexibility.

K92 Mining has approved the Stage 2A Expansion at its Kainantu Gold Mine in Papua New Guinea, increasing processing throughput by 25% to 500,000 tonnes per annum. The expansion, costing approximately US$2.5 million, will be funded from existing cash flows. Significant upgrades include an additional filter press and a T-1000 crusher, with planned installations for flotation cells in 2022. The decision is also supported by positive mining exploration results from the Judd Vein System, expected to enhance operational flexibility and efficiencies. Full commissioning is set for Q3 2022.

K92 Mining Inc. (KNTNF) announced it has mailed the Notice of Meeting and Management Information Circular for its Annual General and Special Meeting set for October 28, 2021. The meeting will be held virtually due to COVID-19 safety protocols. Shareholders are encouraged to vote by proxy. Key voting matters include the election of eight incumbent directors, re-appointment of auditors, adoption of new Articles of Incorporation, and approval of a Share Compensation Plan. The board recommends voting in favor of all items.

K92 Mining (KNTNF) has been added to the S&P/TSX Composite Index, effective September 20, 2021. This significant milestone recognizes K92’s growth and expanding investor base. CEO John Lewins expressed pride in the achievement and highlighted ongoing efforts including ramping up the Stage 2 Expansion and planning for a Stage 3 Expansion. Exploration activities show promising results with only 20% of the vein field tested. K92 Mining operates the Kainantu Gold Mine in Papua New Guinea, producing gold, copper, and silver since declaring commercial production in February 2018.

K92 Mining announced significant results from the Kora deposit at the Kainantu gold mine, highlighting multiple high-grade intersections in recent diamond drilling. Key findings include drill hole KMDD0383, which recorded 6.45 m at 106.95 g/t gold equivalent (AuEq) from the K1 vein. Overall, 32 drill holes showed high-grade mineralization, with 8 intersections exceeding 20 g/t AuEq. This data supports resource upgrades for the upcoming Stage 3 Expansion Feasibility Study.

K92 Mining has announced promising results from diamond drilling on the Judd vein system at the Kainantu Gold Mine in Papua New Guinea. Significant intersections include:

• JDD0022: 8.51 m at 48.56 g/t Au, 47 g/t Ag, 0.54% Cu (49.93 g/t AuEq)
• JDD0019: 3.70 m at 52.27 g/t Au, 39 g/t Ag, 0.60% Cu (53.63 g/t AuEq)
• JDD0021: 8.35 m at 17.87 g/t Au, 28 g/t Ag, 0.67% Cu (19.18 g/t AuEq)

All drilled holes intersected mineralization, with 29% exceeding 20 g/t AuEq. The company plans to initiate stoping in Q4 2021 as drilling continues to define the maiden resource.

K92 Mining Inc. (KNTNF) has announced promising initial results from the Judd Vein #1 development at its Kainantu Gold Mine in Papua New Guinea. The new findings, averaging 16.48 g/t gold equivalent (AuEq), indicate significant high-grade mineralization over an 83-metre strike length with an average vein thickness of 3.5 metres. Notably, 57% of sampled faces achieved grades over 10 g/t AuEq. The company plans to commence production stoping in Q4 following successful underground development and metallurgical tests, marking a strategic step in expanding its operations.

K92 Mining Inc (OTCQX: KNTNF) reported Q2 2021 financial results with a net income of $4.4 million or $0.02 per share. The company achieved a record quarterly production of 25,015 oz AuEq, a 53% increase year-over-year, despite COVID-19 challenges impacting operations. Cash costs were US$736/oz, with all-in sustaining costs of US$1,057/oz. As of June 30, 2021, cash balance stood at $56 million. Looking ahead, K92 expects stronger production in the second half of the year, particularly with plans for the Judd Vein System.