RE:RE:RE:RE:RE:New Press Release - K92 Mining Announces Q3 Production Results With Multiple Mill Throughput Records and First Ore Mined From the Twin Incline Area 2 Months Earlier Than ExpectedKNT knew 1.5 months into the 3rd quarter the constraints that they reported today (Ie mid- August conference call regarding 2nd quarter earnings)..They never mentioned that their 120-140k Au eq guidance was nowhere near even the low end of guidance which is now revised to 111-116k.
I hold because I too believe that 5 quarters from now, they will have in place an economy of scale that will drive AISC costs back toward $800/oz due to volume and the significantly higher grams/oz.
So we know in 1st half 2025, they project the start of 290k eq ozs.
At November 3rd q earnings report, let's hope they can provide 2024 guidance that will well exceed the high end of 2023 of 140k au eq ozs. Their report today does kind of guide in this direction as they speak of record ore processing and higher grade mining.