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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 ElJon Jan 13, 2022 8:13pm
282 Views
Post# 34315179

Pondering Q4, 2021 Costs

Pondering Q4, 2021 CostsThere are many numbers, strategies and plans that are critical in assessing prospects and in the identified publically published numbers below I have not dealt with the very critical item of  Reserves.
But for ease of reference for BB colleague BB I identify at a simple summary level Production and cost data for K92 Mining:  (Note that Sales of product in a period, as distinct from production,  is integral to Costs calculations

                     Yr.2018   Yr.2019   Yr.2020   Q1,2021   Q2, 2021   Q3, 2021   Q4, 2021   Yr 2021

Cash Cost     $ 589       $494       $651        $745        $736          $596        > $500 est.   
AISCost           809          680        782         1038        1056           752              675 approx. est.

Avg.Hd Grade  19.1        20.8       14.0          8.5          10.3           9.0             11.2           9.8

Actual oz.Gold 45,810   79,838   95,109    17,774     22,153       21,908       33,220       95,055
Gold Equiv. oz 47,237   82,256   98,872    18,912     25,015       24,122       36,146      104,196

K92 mining has a bright future with production planned to be up by 25% and costing only $2.5 million Capex from Stage 2A completion in Q3, 2022 followed by Stage 3 planned for late 2023  and updates to Reserves at intervening times,

Peace,
Giid Decision-making to All,
ElJ


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