RE:DeclineTaylorB,
I suspect from your recent BBoard post that you are not well experienced in the realities of mine production and the importance of Head Grades and commodity mix in the feeds, in maximizing value from overall mine reserves, when you write:
"Obviously the market has lost faith in K92 management due to years of under delivering. The fact that K92 has not been able to increase production in over 2 years says something is very wrong at the company."
I respectfully offer some actual K92 Mining Production figures( as distinct from Net Income per share; EDIBTA; Inventory Build; Realized Sales Prices; Growth Capital Expenditure; Exploration & Evaluation Expenditures; Cash Costs; AISC; etc...), in disagreement with your production assessment:
Year................................ 2020...... 2012...... 2022...... Y-O-Y...... 2023....... Y-O-Y
Tons Processed 230,365 336,221 448,087 +33.27% 503,488 +12.37%
Gold ozs. Produced 95,109 95,055 107,546 +13.14% 100,533 -6.52%
Gold Equiv. ozs. Prod. 98,872 104,196 122,806 +17.86% 117, 607 -4.23%
Av. Gold Head Grade g/t 14 9.8 8.3 -15.3% 6.8% -18.1%
Note: Head Grade is a Key Considerations, as is Commodity Mix(Strategic) in feed
Cu pounds Produced ? 3,375,528 6,247,950 +85.1% 7,690,477 +23.1%
Silver ozs. Produced ? 70,782 126,043 +78% 160,628 +27.4%
I hope these few briefly extracted Production numbers are useful to you and BBoard colleagues,
Peace,
Good decision-making to All,
ElJ