K92 Mining Inc. is pleased to announce results from its financial statements for the three and twelve months ended December 31, 2019. Fourth Quarter 2019 Highlights Record quarterly cash costs of US$461 per gold ounce and all-in sustaining costs of US$658 per gold ounce. Record quarterly gold equivalent production of 23,646 AuEq ounces, exceeding budget by 30% and increasing 23% from the third quarter. Record quarterly [...]
K92 Mining Inc. is providing an operational update on the impact of the Covid-19 pandemic and emergency response plans. To date there has been no significant impact on operations at the Company’s Kainantu Gold Mine in Papua New Guinea as a result of the Covid-19 pandemic. The Company initiated a Covid-19 Management Plan at the operation, which addresses major issues such as occupational health, hygiene and safety [...]
K92 Mining Inc. is pleased to announce it has been named to the TSX Venture Exchange’s 2020 Venture 50, which is an annual ranking of top performing companies from five industry sectors: Mining, Oil & Gas, Clean Technology and Life Sciences, Diversified Industries, and Technology. K92 is ranked second in the Mining category. The Venture 50 ranking is comprised of the strongest companies on TSX Venture Exchange [...]
Drill Hole KMDD0167 records bulk intersection of 30.1 m at 22.7 g/t Au, 5 g/t Ag and 0.54% Cu . The bulk intersection comprises multiple veins, including: ° K1 of 10.0 m at 17.6 g/t Au, 1 g/t Ag, 0.10% Cu ; ° Kora Link of 5.1m at 8.5 g/t Au, 4 g/t Ag, 0.44% Cu ; ° K2 of 10.1 m at 45.7g/t Au, 12 g/t Ag, 1.29% Cu . Drill Hole KMDD0177 records multiple intersections including 14.60 m at 5.96 g/t Au, 35g/t Ag and [...]
K92 Mining Inc. announces the grant of 2,234,000 stock options to employees, directors and consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $3.85 per share, expire five years from the date of grant, and vest in increments over twelve months from the date of grant. About K92 K92 Mining Inc. is engaged in the production of gold, copper and silver from [...]
Production in 2020 is expected to grow 34-46% year over year, with Gold Equivalent production of between 110,000 and 120,000 ounces. Second half of 2020 is projected to deliver the strongest production and lowest costs, with the Kainantu Stage 2 Expansion targeting run-rate throughput by end of 2020. High margin production forecasted in 2020, with Cash Costs between $520-580 per ounce gold and all-in sustaining costs [...]
K92 Mining Inc. is pleased to announce it has been named to the 2020 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous [...]
OTC Markets Group Inc. , operator of the OTCQX®, OTCQB® and Pink® financial markets for 10,000 U.S. and global securities, today announced the 2020 OTCQX® Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market, based on an equal weighting of one-year total [...]
Stage 2 Expansion from 200,000 tpa to 400,000 tpa continues to progress well. Key equipment received in late-2019, including new production long hole drill, 17t-bucket underground LHD loader, twin boom autodrill development jumbo and integrated emulsion charging unit. Arrival of the production long hole drill marks the beginning of Kainantu’s transition from an exclusively cut and fill mine to a high-productivity [...]
Q4 production of 23,096 oz of gold, 216,656 lbs copper and 5,243 oz silver for a total of 23,646 gold equivalent oz. Tonnage treated through the process plant was 30,336 tonnes, at an average grade of 25.22 g/t gold and 0.35% copper, achieving recoveries of 93.9% for gold and 92.5% for copper. Production for 2019 is a record of 79,838 oz of gold, 951,792 lbs copper and 22,984 oz silver for a total of 82,256 AuEq oz [...]
All planned holes in Phase 1 diamond drill program completed, for a total of 3,451.2 metres, with multiple holes ending in porphyry mineralization. Three porphyry consultant reports completed on Blue Lake in 3Q19. Reports were completed by Applied Petrologic Services and Research ; Plus Minerals Consultants , and; porphyry consultant Greg Corbett . The work included a detailed assessment of drill core and surface [...]
K92 Mining Inc. is pleased to announce the appointment of Cyndi Laval to its Board of Directors. Ms. Laval is a partner in Gowling WLG's Vancouver office. She is a past leader of the firm's national Corporate Finance, M&A and Private Equity Group, as well as a former co-leader and current member of its Mining Group. She has over 25 years of experience specializing in the areas of mining law, corporate finance, mergers and [...]