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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

Comment by ITSTHELAWon Oct 13, 2020 7:48am
212 Views
Post# 31705990

RE:News!

RE:News!Production off 22k oz is a little on the low side but everything else is looking up!

"We are especially excited about the remainder of this year for Kainantu. The fourth quarter is expected to deliver our strongest quarterly production to date, benefitting from the completion of the Stage 2 Plant Expansion in Q3. Exploration activities are also ramping up considerably, with nine drill rigs now on site, and one more rig expected to arrive by end of year. Drill rigs are currently targeting the Judd, Karempe and Kora vein systems, with exploration on Kora South planned to commence this quarter. The second drill program is also scheduled to commence at Blue Lake this quarter. We expect to provide exploration updates on our vein field exploration programs near-term."
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