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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 Oct 28, 2018 1:10pm
162 Views
Post# 28884327

Should be a good Q4

Should be a good Q4Management reafirmed production of 42-46k gold equivalent ozs (taking into consideration the FOG slowed production in q3). They have produced 30 437 oz equivalent as at the end of q3. So they should produce 11.5k plus in q4. The end of q3 they were producing 1kozeq+ per week. Gold recovery was 94% in September.
They are updating the Kora estimate based on all the updated drilling results soon.
Drill results continue to be very good. 15mil to increase production to 100k ozeq annually (hopefully partially financed internally).
Cash flow positive. Balance sheet and working capital should be getting stronger.

Seems like everything is improving and there is lot to look forward to. Share price will reflect all the positives soon. Now if only the price of gold....
Bullboard Posts