K92 MINING INC - KNTNF STOCK NEWS

K92 Mining reported strong production results for Q2 2022 at the Kainantu Gold Mine, achieving record throughput of 108,853 tonnes and 114,471 tonnes of mill feed, marking increases of 44% and 59% year-over-year, respectively. The quarter yielded 26,085 oz of gold equivalent, positioning the company to meet its annual guidance of 115,000 to 140,000 oz AuEq. Robust metallurgical recoveries were also noted, reaching 91% for gold and 90.9% for copper. Development activities exceeded budget by 38%, enhancing long-term operational capability.

K92 Mining Inc. announced the results of its 2022 Annual General Meeting (AGM), held virtually on June 30, 2022. A total of 148,725,971 shares were voted, representing 65.57% of the company's outstanding shares. All nine director nominees were elected, with R. Stuart (Tookie) Angus receiving 97.48% votes in favor. Shareholders also approved setting the number of directors at nine and reappointing PricewaterhouseCoopers LLP as auditors. K92 continues its operations at the Kainantu Gold Mine in Papua New Guinea and has a robust financial position.

K92 Mining announces the latest underground drilling results from the Kora and Judd deposits at the Kainantu gold mine in Papua New Guinea. Drill hole JDD0051 reported 8.80 m at 61.17 g/t gold equivalent (AuEq), while KMDD0402 showed intersections of 4.20 m at 37.38 g/t AuEq. Results indicate high-grade mineralization and continuity with all 116 completed drill holes intersecting valuable minerals. Significant expansion potential is noted in both deposits with drilling ongoing at Kora and Judd.

K92 Mining Inc. has appointed Christopher Kinver as the Project Director for the Kora Expansion, responsible for Stage 2A and Stage 3 expansions at the Kainantu Mine in Papua New Guinea. Kinver brings nearly 20 years of mining experience, having previously held senior roles with OceanaGold and BHP Billiton. He has been with K92 since 2019, enhancing his familiarity with the Kainantu operation. This leadership change aims to leverage his expertise for successful project delivery, strengthening K92's position in the mining sector.

K92 Mining announced strong financial results for Q1 2022, including a revenue of US$52.4 million, up 78% year-over-year. Gold equivalent production reached 28,188 oz, a 49% increase, with cash costs of US$536/oz and all-in sustaining costs of US$788/oz. The company also reported a record cash position of US$79.9 million. Expansion efforts are ongoing, with production growth and exploration activities ramping up, including a new Gold Doré Export Mining License.

K92 Mining Inc. (KNTNF) will release its 2022 first quarter financial results on May 16, 2022, before North American markets open. A conference call and webcast will take place at 8:30 am (EDT) on the same day for results presentation. The company, engaged in gold, copper, and silver production at the Kainantu Gold Mine in Papua New Guinea, has been expanding its operations based on positive assessments. K92 declared commercial production in February 2018 and boasts a strong financial position.

K92 Mining reported a strong performance in Q1 2022 at its Kainantu Gold Mine, achieving a production of 28,188 oz AuEq, which includes 24,152 oz of gold, 1,524,827 lbs of copper, and 28,142 oz of silver. This marks a 49% increase compared to Q1 2021. The company also reached record monthly mill throughput of 1,219 tpd in March. Q1 sales totaled 29,798 oz AuEq. However, productivity faced delays in equipment delivery, affecting operations. The company is optimistic about upcoming expansions targeting 1,370 tpd and plans to increase exploration budgets.

K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) has appointed Nan H. Lee to its Board of Directors. With over 30 years of experience as a mining and geo-environmental engineer, Ms. Lee brings expertise in operational mine engineering, project management, and community relations. She has notable experience in environmental assessments for uranium projects in Canada and served as VP of Project Development at UEX Corporation. The Company’s Chairman, Tookie Angus, expressed enthusiasm for Ms. Lee's contribution to K92's strategic objectives, enhancing the Board's strength and diversity.

K92 Mining Inc. (OTCQX: KNTNF) has filed a new technical report detailing an updated resource estimate for the Kora gold deposit and a maiden estimate for the Judd deposit in Papua New Guinea. The report, effective January 20, 2022, aligns with National Instrument 43-101 standards and was prepared by a qualified team. The company, which has been in commercial production since February 2018, is expanding its operations based on recent economic assessments. K92 Mining is well-positioned financially for future growth in gold, copper, and silver production.