K92 Mining - KNTNF STOCK NEWS

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.

K92 Mining Inc. (KNTNF) has announced promising results from the ongoing diamond drilling at the Kora deposit in Papua New Guinea. Drill holes KMDD0286 and KMDD0292 reported high-grade intersections, including 3.00 m at 71.64 g/t AuEq and 5.35 m at 37.98 g/t AuEq, respectively. Overall, the latest results highlight the continued high-grade continuity of the Kora deposit with 45 intersections exceeding 5 g/t AuEq. CEO John Lewins expressed optimism about the ongoing exploration and anticipated further updates in the near term.

K92 Mining reported a record Q2 2021 production of 25,015 oz AuEq (22,153 oz gold, 1,098,730 lbs copper, and 14,914 oz silver), despite challenges from COVID-19. The company achieved 75,667 tonnes throughput, a 53% increase from Q2 2020. Operational efficiency improved significantly in late Q2, yielding 16,284 oz AuEq from mid-May to end of June. The anticipated production stoping from the Judd Vein System is planned for Q4, which is expected to enhance output further.

K92 Mining Inc. (KNTNF) will release its 2021 second quarter financial results on August 16, 2021. A conference call and webcast to discuss these results is scheduled for August 17, 2021, at 8:30 AM EDT. K92 operates the Kainantu Gold Mine in Papua New Guinea, producing gold, copper, and silver since declaring commercial production in February 2018. The company is financially strong and is expanding its mining operations based on a recent Preliminary Economic Assessment.

K92 Mining (KNTNF) reported strong Q1 2021 results, achieving a record quarterly revenue of US$29.5 million, up 7% year-over-year. The company produced 18,654 oz of gold equivalent and increased its cash balance by US$15 million, totaling US$66 million. Despite operational challenges due to COVID-19 and an underground loader incident, production efficiency is expected to recover in Q2. The company also reported a net income of US$2.2 million with cash costs of US$745/oz and all-in sustaining costs of US$1,038/oz, highlighting a solid financial position.

K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) announced that the Australian government has lifted travel restrictions for expatriate fly-in fly-out workers between Papua New Guinea and Australia, initially imposed on March 17, 2021. The move follows enhanced COVID-19 protocols and allows K92 personnel to resume international travel. Despite some operational impacts due to lower expatriate personnel during the restrictions, the Kainantu Gold Mine continued operations without significant disruption. The completion of an updated resource estimate is now delayed until Q4 2021, but overall 2021 guidance remains unaffected.