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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

Comment by tuesdaynightridon Jul 22, 2024 9:40pm
202 Views
Post# 36143651

RE:When

RE:When

Unfortunately, with the 19 k gold eq oz sold in the 2nd q due to nearly 30 day
shutdown, we're at the bottom of 2024 production 120-140k guidance.

Two positive catalysts to look for next quarter:

1.) KNT has adjusted 2024 guidance to the light side of 120-140k range.
     So, if 120k is the new target and it is met, then we should see 35k gold eq oz
     for the next 2 quarters. 
2.) The results of a potential significant resource update from early 2024 should be
      released on or before 4th q... hopefully by end October.
       Good question for analyst at meeting... when will knt provide a resource update?.

The bigger question though are the stage 3 and 4 funding details last updated 1/1/2023.
Time for a thorough update on current expenses (ie what has been spent,
what needs to be spent and loan payback period.
 


 

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