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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.


TSX:KNT - Post by User

Post by perky416on Jan 13, 2021 6:56am
175 Views
Post# 32283055

Record quarterly production in Q4!

Record quarterly production in Q4!
Record quarterly production in Q4 of 29,820 oz of gold equivalent (AuEq)(1) or 28,809 oz gold, 493,584 lbs copper and 10,395 oz silver, representing a 26% AuEq increase from Q4 2019. Record annual production of 98,872 oz AuEq or 95,109 oz gold, 1,853,078 lbs copper and 36,067 oz silver, representing a year-over-year AuEq increase of 20%. Record quarterly plant throughput with 68,932 tonnes processed, representing a 127% increase from Q4 2019. Record quarterly mining material movements and development metres, with 207,600 tonnes of total material movements (mill feed and waste) and 1.9 km of development advance, respectively in Q4. Mining operations achieved beginning of year target of 1,100 tpd by year-end, despite the challenges of the COVID-19 pandemic. This resulted in a ~3,000 tonnes stockpile increase from the previous quarter to ~21,000 tonnes at 11.8 g/t AuEq at year-end.
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