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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 tuesdaynightridon Jul 13, 2023 9:26pm
196 Views
Post# 35540537

RE:RE:New Press Release - K92 Mining 2023 Second Quarter Financial Results Conference Call Details

RE:RE:New Press Release - K92 Mining 2023 Second Quarter Financial Results Conference Call Details

My estimated eps for the 2nd quarter will be $0.05 eps. This exceeds expectations based on
average gold price in the range of +$95 higher in 2nd q than 1st q 2023 and improved
efficiencies in processing.

Even with an AISC in the 1st quarter being at $1500, KNT still managed to have $0.02 eps which
also included the 8 days downtime and a feed grade at 5.2 g/t.... much better numbers in 2nd even with 3 day underground mining shutdown due to tragedy.

For 2nd half, they maintain guidance of 120- 140k gold eq oz for year. They produced 17593 (1st q) and 30794 (2nd q). Therefore, in order to meet the lower end of guidance (120k), they would
have to average 35800 oz in bothe 3rd and 4th q.

Did I see quidance for 217k gold eq oz in 2024 somewhere? If I did and AISC is still projected
below $1000  per their charts, then this really is a multi bagger (2-3 times) by end 2024.

Time will tell but eps certainly headed in right direction

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