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 mineral exploration leader focused on gold, copper, and silver resources. This page aggregates official news releases, technical reports, and strategic updates directly from the company.
Investors and analysts will find timely updates on exploration results, financial filings, and operational milestones. Our curated collection includes drill core analyses, resource estimates, and partnership announcements – all essential for evaluating the company's progress.
Key content categories include quarterly financial results, mineral resource updates, technical exploration data, and corporate developments. Each release is presented in its original form to maintain accuracy and compliance.
Bookmark this page for streamlined access to K92 Mining's verified disclosures. Check back regularly for critical updates that impact long-term resource evaluation and market positioning.
K92 Mining reported strong financial results for Q4 and full year 2021, showcasing operational excellence and significant growth.
Highlights include:
- Record quarterly revenue of US$53.9 million, up 12% year-over-year.
- Record AuEq production of 36,145 oz in Q4, a 21% increase.
- Full-year revenue reached US$154.3 million, with cash costs at US$614/oz.
- A record cash position of US$71.3 million as of December 31, 2021.
The company is poised for future growth with ongoing expansion plans.
K92 Mining Inc. (KNTNF) will release its fourth quarter and annual financial results for 2021 after North American markets close on March 30, 2022. A conference call and webcast will be held on March 31, 2022, at 8:30 am EDT to discuss these results. The company, engaged in gold, copper, and silver production at the Kainantu Gold Mine in Papua New Guinea, is positioned strongly financially. K92 has embarked on an expansion of the mine, informed by an updated Preliminary Economic Assessment.
K92 Mining announced an updated resource estimate for the Kora deposit and a maiden resource for the Judd deposit at its Kainantu Gold Mine in Papua New Guinea. The Kora resource now includes a Measured and Indicated Resource of 2.1 million ounces at 9.20 g/t AuEq, a 91% increase from April 2020. The Judd deposit features a Measured and Indicated Resource of 0.13 million ounces at 11.00 g/t AuEq. Exploration shows potential for further resource growth, with drilling operations currently ongoing at multiple sites.
K92 Mining reported significant drilling results from Kora South and Judd South at the Kainantu gold mine in Papua New Guinea. Hole KUDD0001 intersected multiple high-grade zones, including 15.25 m at 15.87 g/t AuEq and a notable dilatant zone of 66.55 m at 5.02 g/t AuEq. Hole KUDD0002 also showed strong results with intersections like 6.20 m at 17.26 g/t AuEq and 0.93 m at 36.39 g/t AuEq. The company completed an airborne geophysics program, revealing extensive untested potential and confirming the mineralization trends extend further south than previously known. These findings are crucial for K92’s future drilling campaigns.
K92 Mining expects significant growth in its 2022 operational outlook, projecting up to a 34% increase in gold equivalent production to 115,000 to 140,000 ounces. Cash costs are forecasted at $560-$640 per ounce gold, while all-in sustaining costs (AISC) are estimated at $890-$970 per ounce. The company plans to invest $12-$15 million in exploration activities, and growth capital costs are projected at $41-$47 million, supporting expansions and infrastructure upgrades.
K92 Mining achieved record production at its Kainantu Gold Mine in Q4 2021, totaling 36,145 oz of AuEq, which included 33,220 oz of gold, exceeding guidance. The annual total reached 104,196 oz AuEq. Significant material movement of 99,713 tonnes processed marked a 45% increase from Q4 2020. The quarter saw high recoveries of 92.8% for gold and 92.9% for copper, with continuous improvements expected from the gravity circuit integration. Notably, development of the Judd #1 Vein has been successful, enhancing operational flexibility and throughput.
K92 Mining has reported significant underground drilling results from the Kora deposit at the Kainantu gold mine, Papua New Guinea. The recent 50 drill holes showcased high-grade mineralization, with notable intersections such as:
- KMDD0415: 7.51 m at 192.92 g/t AuEq
- KMDD0312: 7.60 m at 41.91 g/t AuEq
- KMDD0441: 12.65 m at 36.54 g/t AuEq
All drill holes intersected mineralization, indicating strong continuity and resource expansion potential. This data will be included in the upcoming resource update and supports ongoing exploration and expansion plans.
K92 Mining Inc. (KNTNF) reported strong financial results for Q3 2021, achieving record production levels. Key highlights include:
- Quarterly revenue of $35.4 million, with a net income of $4.9 million.
- Record quarterly tonnage of 87,621 tonnes treated, a 35% increase from Q3 2020.
- Gold equivalent production of 24,122 oz.
- Strong cash position of $55 million as of September 30, 2021.
- COVID-19 challenges impacted costs, increasing cash costs to $670-$720 per ounce.
- Expansion plans approved to increase throughput by 25% by Q3 2022.
K92 Mining Inc (TSX: KNT; OTCQX: KNTNF) held its 2021 annual general and special meeting (AGM) virtually on October 28, 2021. A total of 145,080,169 common shares, representing 65.23% of the outstanding shares, were voted. All eight director nominees were elected, with R. Stuart (Tookie) Angus receiving 90.33% approval. Other resolutions passed included setting the number of directors to eight, re-appointing PricewaterhouseCoopers LLP as auditor, adopting the Share Compensation Plan, and adopting new Articles for the Company. For detailed results, documents are available on K92’s website and SEDAR.
K92 Mining announced significant progress in the development of the Judd Vein System at its Kainantu Gold Mine in Papua New Guinea. A total of 211 metres of high-grade mineralization was recorded, with an average grade of 21.69 g/t AuEq. The northern extension measured 97 metres at 18.29 g/t AuEq, while the southern extension spanned 114 metres at 24.44 g/t AuEq. Notably, 26% of sampled faces yielded grades exceeding 10 g/t AuEq, demonstrating strong mineralization potential. Long hole drilling has commenced, with first production expected in Q4, enhancing operational flexibility.
