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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

Metals & Mining Gold
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

K92 Mining Inc > New Press Release - K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities
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Comment by GoldInsect777on Sep 26, 2023 11:39am
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Post# 35654612

RE:New Press Release - K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities

RE:New Press Release - K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals PayabilitiesI don't understand. How is this good news? I thought the entire thesis of KNT was that it would not have to take on additional debt to fund it's operations?
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