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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 ElJon Oct 09, 2024 10:38pm
134 Views
Post# 36260315

RE:K92 Mining Announces Q3 Production Results

RE:K92 Mining Announces Q3 Production ResultsVery impressive Q3, 2024 operating results are outlined in this K92 Mining Announcement, with great Head Grade accomplished in the feed mix process.

A few selected extracts for convenience of BBoard colleagues:

-  Record quarterly production of 44,304 ounces gold equivalent (“AuEq”) or 41,702 oz gold, 1,278,492 lbs copper and 37,613 oz silver, and record quarterly sales of 45,248 oz gold, 1,615,185 lbs copper and 46,062oz silver. 

-  Quarterly ore processed of 104,992 tonnes with a head grade of 13.8 grams per tonne (“g/t”) AuEq, or 13.0 g/t gold, 0.58% copper and 13.0 g/t silver

-  Throughput was deliberately reduced to maximize recoveries at the higher feed grade.

-  2nd Half of year 2024 was expected to be the strongest, and it has certainly delivered thus far, with record ounces produced and sold, and record recoveries while benefiting from record gold prices in Q3.

-   In less than 9 months from now, the new Stage 3 Expansion Stand alone plant is scheduled to commence commissioning, marking a mojor milestone for K92 that has taken multiple years to reach, and it effectively represents the beginning of the company becoming a Tier 1 Mid-Tier Producer.  

Peace,
Good Decision-making tro All,
ElJ
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