Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by techfan49on May 21, 2020 7:12am
343 Views
Post# 31054941

Very Important Question and Answer

Very Important Question and AnswerJohn Lewins, CEO: Today we delivered a resource of just under 5 million ounces with a grade of 9.5 grams per tonne. Measured and Indicated is almost three-times what it was previously and it is even higher at 10.5 grams per tonne. Eric King: John, your company has been one of the best performing stocks in the world. I understand that companies, including yours, are no longer issuing forecasts due to the uncertainties associated with the virus shutdowns, but your people voluntarily chose to keep working the entire time and have clearly delivered in a huge way. For 2021-2023, what are you looking for in terms of production and cash flow? $140 Million Of Cash Flow John Lewins: As you said, Eric, operations are continuing and we have also continued to produce and create very large cash flow. For next year, 2021, we are looking at our full expansion operating for the entire year. That means we will see 140,000 ounces of gold equivalent production. Our cash costs will be around $600 and all-in sustaining costs will be in the mid-$700s. With the gold price where it is today, we are talking about $1,000 an ounce as a margin. That would give us $140 million of cash flow for next year. Growing To $250-$300 Million Of Cash Flow In 2023, we expect to commission the next phase of our expansion. Our PEA study, which is being worked on as we speak, is looking like it will ramp up production to 1,000,000 tonnes per annum. That will mean that our gold production will increase to 250,000-300,000 ounces per year, and with cash costs around $600 and all-in sustaining costs in the mid-$700s. That would dramatically increase our cash flow to a staggering $250-300 million per annum.
<< Previous
Bullboard Posts
Next >>