RE:New Press Release - K92 Mining 2023 Second Quarter Financial Results Conference Call DetailsIn this my first post since the tragic accident, in which two men lost their lives working for us shareholders at K92's mine, I strongly feel that any comment by me on upcoming Second Quarter Financial Results for K92 Mining, should include urging our company to be very generous to the families directly effected, including exceeding, if necessary, insurance money and contracted obligations. When the bread-winner is lost, children and spouses suffer in multiple ways and economic hardship for education of children and general family support should not be an additional and onerous burden.
Our published operating results for Q2, 2023 are encouraging and on the company projected path for year 2023 performance range : (Extracted Summary from publisted operating results)
........................................... Q1, 2023...............Q2, 2023...............Q2, 2022
Gold Equiv. Produced ozs. 21,488 30,794 26,085
Gold ozs. Produced 17,593 27,405 22,934
Avg. Gold Head Grade g/t 5.21 8.2 7.2
Avg. Gold Equiv. Grade 6.35 9.23 8.2
Gold Sold ozs. 17,602 28,141 23,674
Copper Sold lbs. 1.5 M 1.657 M 1.35 M
Silver Sold ozs. ? 36,253 27,033
Price of Gold Realized $US $1,807 (Aug. 9 report) $1,783
Net Income / share $0.021 see note 1 $0.022
EBIDTA / share $0.06 see note 2 $0.06
Note 1: I anticipate, with modest assumptions on unreleased financial details, that Net Income per share for Q2, 2023, will be $0.03 based on rounding from approx. $0.0275
Note 2: I anticipate with similar modest assumptions on unreleased financial details, that EBIDTA per share for Q2, 2023, will be $0.07 based on rounding from approx. $0.069
The final tweeking operating benefits from Extension Stage 2A will be seen in H2, 2023, but stage 3 is the "big impactor" ahead,
Peace,
Good Decision-making to All,
ElJ