K92 Mining Inc T.KNT

New Press Release - K92 Mining Announces 2023 Q1 Financial Results Including Multiple Process Plant Records Significantly Exceeding the Stage 2A Expansion Design and Record Development

VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce financial results for the three months ended March 31, 2023.SafetyZero Lost Time Injuries (“LTI”) during the quarter, and proactive and focused...read article.

[cyber37]

....and still using Covit as an excuse; very disappointed from poor results. The sad thing is it is just getting worst from here. Still holding but KNT needs to get their act together  & show some increase in production & not just digging up more dirt. G37

[Bjornsjodin82]

Im not happy with the results  either.  But expansion takes time.  We have to wait to the end of next year. Then we Will see the rewards from the twin incline and the new plant.  

[ElJ]

"still using Covit as an excuse; very disappointed from poor results. The sad thing is it is just getting worst from here.".... I draw a very different conclusion.  This is mining and there are a few Key figures in the Q1, 2023 results that underpin all the other numbers: Grade 5.2  compared to 8.3 Avg. for full year 2022 and $1807/oz  Gold Price Realized 

[cyber37]

......and on April 18, 2022 KNT closed at $10.38/share; on May 16, 2023 those same KNT shares closed at $6.21/share. AND H2, 2023 is forecased to be even worst......need I say more? G37

[cyber37]

EIJ; even with your apparent knowledge of mining industry your reasoning does not explain this 40% share decline. Market is NOT convinced that KNT is on the right path to increasingly elusive 300k oz production targets & consistently ‘votes’…..for over 2 years now with lower & lower share price. IMHO this trend reflects poorly on management – (announcing laughable results of 0.6 g/t!.

[RONNIE111]

Do you have any fact to back up your apparent claim that the expansion to 300,000 oz is not on track, as K92 claims?  You know, besides what you seem to say as your proof , that the 'market' is saying that.  Personally I don't put a ton of faith into the 'market' and how 'smart' it might or not be.  And then you said that the 'market' has said

[cyber37]

It would be even more amazing if ‘pigs could fly’. The fact still is that KNT trades below $6/share today & that is well over 40% down from its’ high; all this while gold is well over $2k/oz. At the same time AISC went from $800/oz to $1500/oz. - with no meaningful production increases or reserves addition. Company must have a plan & more important must show the path to achieving it beyond

[RONNIE111]

Which explains absolutely nothing, and doesn't answer any of my questions re- your previous post. 

[cyber37]

There is nothing to explain here; share price today said it all & market is always right. What I see here is parasitic day traders ‘feeding’ on this stock day in and day out because of poor IR; what I don’t see however is an indication that KNT is on track to achieve that annual 300k ozs. This is only my opinion based on rather limited experience with a mining sector investing. I’m still

[RONNIE111]

Just for me to get this straight- the market is always right (about K92) but yet the share price is dictated by parasitic day traders.  Not sure how to connect those two things.  And  your conclusion that K92 wont achieve the 300,000 production target on time , is just your opinion based on limited experience.  Ok , so basically you just say that for fun.   I only

[cyber37]

Yes I’m gullible but it comes with a positive nature I have chosen & yes the market is always right at the end…..Bre-Ex for one. The trick is to see the turbulence before the fall & I’m the first one to admit that I’m not that wise. IMHO the short term market oscillations are mainly due to day trading. Aside from providing additional liquidity it is mainly parasitic in nature; it sucks out

[Bjornsjodin82]

The aisc is up this year and next due to the expansion of the mine, equipment and the raise of the tailings dam for example.  Reserve update Will come q3 if i remember correct. The dirt they have dug upp is for making new levels to mine , and the Twin incline.  

[ElJ]

A few extracts from Q1, 2023 Managements D & A:  Mill Throughput: Record monthly average daily throughput of 1,490 tonnes per day (“tpd”), achieved in March, 9% is above the Stage 2A Expansion run-rate of 1,370 tpd, Importantly, these records were achieved prior to commissioning of the final major Stage 2A Expansion plant upgrade, the flotation expansion, planned for

[ElJ]

Cyber37,                   I hope that  your focus and perhaps agonizing on "this 40% share decline" does not cause some solid observations over the past couple of days by posters such as GripnRip, Ronnie111, Goldstd69, to go unheeded. Another concern that you raise in my mind is your declared KNT investment decision of 

[cyber37]

True, other than 911 GT3 RS I have no "exit strategy"....but this does not mean I'm holding because I don't know what to do with KNT shares. For now I’m simply disappointed with production company makes but “still holding strong”. G37