K92 Mining - KNTNF STOCK NEWS

K92 Mining Inc. has announced the promotions of David Medilek to President and Warren Uyen to Chief Operating Officer. Medilek brings over 15 years of experience in mining capital markets, while Uyen has over 30 years in the industry. Both have been key contributors to K92's success. The company operates the Kainantu Gold Mine in Papua New Guinea and has a strong financial position, having declared commercial production in February 2018.

K92 Mining has received a 10-year extension on Mining Lease 150 for the Kainantu Gold Mine, now valid until June 2034. This decision highlights significant support from the Government of Papua New Guinea. In addition, K92's Board has approved Stage 3 and 4 Expansions, increasing annual throughput targets to 1.2 million tonnes and 1.7 million tonnes, respectively. The expansions are projected to peak at 500,192 ounces AuEq in 2027, with low all-in sustaining costs. The company anticipates these developments will transform Kainantu into a Tier 1 mine.

K92 Mining Inc. (KNTNF) reported its third quarter financial results for the three and nine months ended September 30, 2022. The company achieved record ore processed at 117,938 tonnes, a 35% increase from Q3 2021, and reported cash costs of US$503/oz gold. Quarter revenue reached US$36.4 million, up 3% year-over-year, with net income of US$3.1 million. A notable cash position of US$106.7 million was reported, alongside significant production of 32,995 oz AuEq. The company also indicated ongoing expansion plans, including the Stage 2A Expansion and a maiden resource estimate at the Blue Lake porphyry project.

K92 Mining Inc. has filed a new Technical Report detailing an Integrated Development Plan for its Kainantu Gold Mine in Papua New Guinea, effective January 1, 2022. Prepared by a team of mining experts, the report aligns with National Instrument 43-101 standards. The company continues to focus on gold, copper, and silver production while exploring nearby mineral deposits. Notably, K92 declared commercial production at Kainantu in February 2018 and has since updated its economic assessments. The report is accessible on SEDAR and K92's official website.

Kora South drill hole KMDD0495 reported multiple intersections, including 30.55 m at 12.82 g/t gold equivalent (AuEq), marking significant mineralization. The hole ended early due to ground conditions and lies 400 metres down-dip from KUDD0002, which previously recorded 35.90 m at 5.98 g/t AuEq. Other highlighted results include KUDD0017 with 25.00 m at 20.89 g/t AuEq from the J1 Vein. The results showcase the high-grade continuity of the Kora-Kora South and Judd-Judd South vein systems, expanding the known strike length significantly. Overall, the drilling confirms robust resource growth potential.

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.