K92 MINING INC - KNTNF STOCK NEWS

K92 Mining Inc. reported strong production results for Q3 2022 at its Kainantu Gold Mine, achieving a record gold equivalent production of 32,995 oz AuEq, which includes 29,256 oz gold, 1,666,076 lbs copper, and 32,161 oz silver. The quarter saw a significant 35% increase in mill throughput from Q3 2021, processing 117,938 tonnes or 1,282 tpd. Mine production hit a record of 122,035 tonnes ore mined, up 37% year-over-year. The company remains well-positioned to meet its annual production guidance of 115,000 to 140,000 oz AuEq.

K92 Mining Inc. (KNTNF) will release its 2022 Q3 financial results on November 14, 2022, before North American markets open. A conference call and webcast to discuss these results is scheduled for 8:30 AM EST the same day. K92 operates the Kainantu Gold Mine in Papua New Guinea, where it produces gold, copper, and silver. It declared commercial production in February 2018 and has a strong financial position. A maiden resource estimate for the Blue Lake project was completed in August 2022.

K92 Mining Inc. (KNTNF) has announced the filing of a technical report on the Blue Lake gold-copper porphyry deposit in Papua New Guinea. The report, with an effective date of August 1, 2022, provides a maiden resource estimate and was prepared in accordance with National Instrument 43-101. Located 4 km from K92's producing Kora and Judd deposits, Blue Lake was discovered in 2017 and has undergone two diamond drill programs totaling 26 holes and 16,474.8 metres. K92 is financially strong and engaged in the production and exploration of minerals in the region.

K92 Mining Inc. (KNTNF) has been recognized in the Toronto Stock Exchange's 2022 TSX30, ranking 11th for a 337% share price increase over three years. This accolade highlights K92's robust growth amid challenges like the COVID-19 pandemic. The company has successfully implemented multiple expansions, enhancing production capacity significantly. Additionally, K92's exploration success includes a maiden inferred resource estimate of 10.8 million oz gold equivalent at Blue Lake. CEO John Lewins praised the team's commitment and noted that government support was crucial during this period.

K92 Mining has announced its Integrated Development Plan (IDP) for the Kainantu Gold Mine Project in Papua New Guinea. The IDP comprises two scenarios: the Stage 3 Expansion (DFS) and Stage 4 Expansion (PEA). The DFS indicates a peak annual production of 308,793 ounces AuEq by 2026, with an after-tax NPV5% of $586 million at $1,600/oz gold. The PEA highlights potential for increased throughput to 1.7 mtpa and a peak production of 500,192 ounces AuEq in 2027, with an after-tax NPV5% of $1.3 billion. Both cases are fully funded by mine cash flow.

K92 Mining reported that operations at the Kainantu Gold Mine in Papua New Guinea resumed normally after a 7.6 magnitude earthquake on September 11, 2022. Operations were briefly halted as safety inspections were conducted, revealing no injuries to personnel and only minor damage to equipment, leading to an 8-hour stoppage. The company emphasized the resilience of its operations and the safety protocols in place. K92 Mining has been engaged in gold, copper, and silver production since declaring commercial production in February 2018 and maintains a strong financial position.

K92 Mining Inc. (KNTNF) reported strong second-quarter financial results for the period ending June 30, 2022. The company achieved record production, processing 108,853 tonnes, with a gold equivalent output of 26,085 oz. Financial highlights include a cash position of $81.7 million and a 5% increase in revenue to $37.4 million year-over-year. The net income rose by 17% to $5.1 million. K92 continues its expansion efforts, with the Stage 2A Expansion on track and significant exploration progress, including a maiden resource estimate of 10.8 million oz AuEq at the Blue Lake project.

K92 Mining announced a significant maiden resource estimate for the Blue Lake porphyry project, located near its Kainantu Gold Mine in Papua New Guinea. The estimate includes 10.8 million ounces of gold equivalent (AuEq) at 0.61 g/t AuEq and 4.7 billion lbs of copper equivalent (CuEq) at 0.38% CuEq, based on a total of 549 million tonnes of mineralized material. The deposit shows considerable potential for expansion and is noted for its equal ratio of gold and copper. Future exploration will target higher-grade zones and additional nearby porphyry systems.