K92 Mining - KNTNF STOCK NEWS

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.

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.