RE:KNT 3rd Q earnings and trailing 12 months LiveSimply,
I fully agree when you write... "If a strong resource update is also realized in this quarter then this should provide a further catalyst along with a rising gold price."
As we await the Q3, 2021 Financial reporting early next week, we can project some expectations based on Q3, 2021 production data which has already been provided by K92 Mining :
Year 2020 : Q1 Q2 Q3 Q4
Avg, Head Grade 13.6 17.6 11.3 14.3
Gold ozs. Equiv. Produced 19,944 26,847 22,261 28,809
Year 2021 :
Avg, Head Grade 8.5 10.3 9.0 ? I anticipate closer to Q4, 2020
Gold ozs. Equiv. Produced 18,912 25,015 24,127
We know about the strategic desisions in the Covid reality of 2021, to maintain production during the first 3 quarters of 2021 with lower grade feed mix from surface and given the published significant difference between Actual Gold Produced in Q3 and Gold Sold in Q3, 2021, I roughly estimate that Q3, 2021 Revenues can show approx. $3 million increase compared to $35.518 million in Q2, 2021.
Resource update, when published will be very interesting. If, as I expect, we get average Head Grade back in 12 to 14 range level in Q4, 2021 this will be very helpful and of course the trend in Price of Gold is obviously important,
Peace,
Good Decision-making to All,
ElJ