K92 Mining Inc T.KNT

Excellent Q4, 2021 K92 Mining update

[ElJ]

Excellent update…there are prospects inherent in this K92 Mining Q4, 2021 Operations Report that are great to anticipate. Based on the various updates from the company, I had anticipated 35,000 oz. of Gold Equiv. in Q4, 2021 and this was pleasantly surpassed by achieved 36,146 oz of Gold equiv. in the quarter. Key “take-aways” for me included:
 

• John Lewins stating that, “The fourth quarter delivered our strongest quarter to date at the Kainantu Gold Mine, with record production, record mill throughput, record mine throughput, above budget processing recoveries and an excellent start to stoping activities at Judd, our new mining front…. We believe that Q4 represented a major inflection point for Kainantu both operationally and with exploration… In 2022, we look to take another step forward with the Stage 2A Expansion, increasing nameplate throughput by +25% to 500,000 tonnes per annum, targeting commissioning in Q3 2022… with an estimated plant expansion capital cost of US$2.5 million”.
• Multiple daily records were set during the quarter, with 21 days exceeding 1,300 tpd throughput and a daily record of 1,538 tonnes set on October 24, 2021. Excluding 5 consecutive days of downtime due to scheduled plant maintenance, the mill operated at an average throughput of 1,146 tonnes per day (“tpd”), exceeding Stage 2 Expansion design throughput of 1,100 tpd.
• Importantly, recoveries were also strong during the quarter at 92.8% for gold and 92.9% for copper, both exceeding budget. Plant capabilities are expected to also further improve with the full integration of the gravity circuit planned for Q1 2022.
• The establishment of the Judd Vein System as a new major mining front has provided a significant boost to operational flexibility and material movements.
• The Kainantu Gold Mine operates under a comprehensive COVID-19 Management Plan and has continuously operated during the pandemic. A considerable focus is on health and safety and risk-mitigation.
• “Exploration, activities have recently shifted from an extended period of infill drilling at Kora to now almost entirely focused on resource growth. Step-out drilling is underway at Judd, Judd South, Kora, Kora South and also the Blue Lake Porphyry. We certainly are excited about our 2022 exploration program.”

Peace,
Good Decision-making to All,
ElJ

[cyber37]

All good;  however one number I was looking for is $cost/oz  that I don't see it enywhere. Also like the action in the market today but wish the oppening gap was not there. Still.....good action! G37

[ElJ]

Cyber37,                   It is unclear to me whether you are familiar or not with the process of announcing Operational data and that of Financial data which for many mining companies are approx. 6 weeks apart. The one number that you have said that you are "looking for" will be provided, with lots of other financial data, on or about Monday