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K92 Mining Inc. T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.


TSX:KNT - Post by User

Bullboard Posts
Post by ITSTHELAWon Aug 16, 2018 8:03am
159 Views
Post# 28470446

Balance sheet looks a lot better

Balance sheet looks a lot betterWorking capital is almost positive (current assets of 12.1mil vs current liabilities of 12.3mil)! What an improvement from Dec.31/17 (ca of 4.5mil vs cl of 14.6mil). Great improvement, 5mil from financing in March, 2mil from the warrants and positive cash flows from operations has the company in a much better financial position. Looking forward to updated drilling results soon. Now if only the price of gold...
Bullboard Posts