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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 BlindBoyon Sep 11, 2022 5:04pm
123 Views
Post# 34955360

RE:7.6 earthquake 42 miles east of Kainantu

RE:7.6 earthquake 42 miles east of Kainantuwell stated, and I concure.

 *K92 Mining Announces the Kainantu Gold Mine Operating as Normal After Experiencing Regional Earthquake* VANCOUVER, British Columbia, Sept. 11, 2022 (GLOBE NEWSWIRE) -- *K92 Mining Inc*. ("*K92*" or the "*Company*") (TSX*: KNT; *OTCQX*: KNTNF)* announces that the Kainantu Gold Mine, located in Eastern Highlands Province, Papua New Guinea is operating normally after experiencing a large earthquake yesterday. On September 11 at 9:46 am Papua New Guinea time, a 7.6 magnitude earthquake was recorded approximately 65 km east of the mine site and at a depth of 90 km. According to our protocols, operations were briefly suspended to complete the inspection of the underground mine, surface infrastructure and the health and wellbeing of our personnel. We are pleased to report that the underground was inspected and promptly cleared to resume operation. Surface infrastructure, including the Tailings Storage Facility which has specialized monitoring equipment installed, reported no significant impacts. The Processing Plant reported minor damage to two pumps and associated pipes, which resulted in stoppage of approximately 8 hours for repairs. Importantly, there were no injuries to our personnel. John Lewins, K92 Chief Executive Officer and Director, stated, "/The earthquake  experienced is one of the largest recorded in the Kainantu region for over one hundred years. The operation considers seismicity in its design and we are pleased with the resilience shown after this earthquake, with the operation quickly resuming after adhering to protocols. We are currently gathering information and engaging with our surrounding communities and will look to be of assistance."/

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