KNT

K92 Mining Announces Imminent Resumption of Underground Operations

Retrieved on: 
Monday, April 8, 2024
Letter, Mineral Resources Limited, MRA, Safety, TSX, KNT, Press release

VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) announces that it has commenced preparations to resume underground operations within two days, following the receipt of a letter from the Mineral Resources Authority (“MRA”) of Papua New Guinea vacating the Form 29 that was issued on March 13, 2024 (see March 19, 2024 Press Release).

Key Points: 
  • VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) announces that it has commenced preparations to resume underground operations within two days, following the receipt of a letter from the Mineral Resources Authority (“MRA”) of Papua New Guinea vacating the Form 29 that was issued on March 13, 2024 (see March 19, 2024 Press Release).
  • The receipt of the letter vacating Form 29, follows a presentation by an Independent Safety Auditor to the MRA.
  • Findings from the audit indicated that the Underground Safety Management Plan is good, conforms to criteria in ISO45001 and has been implemented.
  • The Safety Auditor also did not find any substandard document, process or system, and noted that the Underground Safety Management Plan is comparable to other operations in Australia and Asia.

K92 Mining Announces Strong 2023 Q4 and Annual Financial Results – Record Quarterly Revenue, Net Income, Operating Cash Flow, EBITDA, Production, Ore Mined, Ore Processed and Development; Annual Production, Cash Cost and AISC Better Than Guidance

Retrieved on: 
Monday, April 1, 2024
Tax, Silver, AISC, Kora, Inference, Gold, Copper, Strike, Record, Bank statement, TSX, Treasury, Depreciation, KNT, Printed circuit board

Record quarterly production of 39,101 ounces gold equivalent (“AuEq”), or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver (1) (2).

Key Points: 
  • Record quarterly production of 39,101 ounces gold equivalent (“AuEq”), or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver (1) (2).
  • Cash costs of US$430/oz gold, second lowest to date, and all-in sustaining costs (“AISC”) of US$1,062/oz gold (2).
  • Record amount of ore mined of 155,062 tonnes and record total mined material (ore plus waste) of 347,529 tonnes, a 39% and 21% increase from Q4 2022, respectively.
  • Cash costs of US$585/oz gold and AISC of US$1,162/oz gold, beating original guidance ranges for cash cost of $620 to $680/oz gold, and AISC of $1,180 to $1,300/oz gold (2).

K92 Mining Provides Operations Update

Retrieved on: 
Tuesday, March 19, 2024
Mineral Resources Limited, Death, TSX, KNT, Police

VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) announces that underground operations at the Kainantu Gold Mine have been temporarily suspended after a non-industrial incident occurred on the Company’s mining lease on March 10, 2024, resulting in a deceased employee.

Key Points: 
  • VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) announces that underground operations at the Kainantu Gold Mine have been temporarily suspended after a non-industrial incident occurred on the Company’s mining lease on March 10, 2024, resulting in a deceased employee.
  • Processing operations were temporarily suspended for three days and have resumed processing stockpiles.
  • Preliminary findings from K92 and the Royal Papua New Guinea Constabulary (Police) have concluded that the death is a non-industrial suspicious incident.
  • K92 is working with the relevant Government authorities under the Criminal Code Act and Mining (Safety) Act to support their investigations.

K92 Mining 2023 Fourth Quarter Financial Results Conference Call Details

Retrieved on: 
Friday, February 23, 2024
EDT, TSX, KNT, Webcast

VANCOUVER, British Columbia, Feb. 23, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces that it will release its 2023 fourth quarter financial results after the North American trading markets close on Monday, April 1, 2024.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 23, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces that it will release its 2023 fourth quarter financial results after the North American trading markets close on Monday, April 1, 2024.
  • K92 will host a conference call and webcast to present the 2023 fourth quarter financial results at 8:30 am (EDT) on Tuesday, April 2, 2024.
  • Listeners may access the conference call by dialing toll-free to 1-800-319-4610 within North America or +1-604-638-5340 from international locations.
  • The conference call will also be broadcast live (webcast) and may be accessed via the following link: https://services.choruscall.ca/links/k92mining2023q4.html

K92 Mining Announces Strong Operational Guidance

Retrieved on: 
Thursday, February 22, 2024
Investment, TSX, KNT, Kainantu, IDP, PEA, DFS, Gold, Ventilation, Movement, AISC

Cash costs between $820-$880 per ounce gold and all-in sustaining costs (“AISC”) of $1,440-$1,540 per ounce gold forecasted for 2024.

Key Points: 
  • Cash costs between $820-$880 per ounce gold and all-in sustaining costs (“AISC”) of $1,440-$1,540 per ounce gold forecasted for 2024.
  • In 2023, Kainantu effectively operated with one mining front, and by the end of 2024, we plan to have three fronts producing, with a fourth planned for 2025.
  • We look forward to providing updates in due course.”
    VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to provide its operational outlook for 2024.
  • Cost guidance for 2024 forecasts cash costs between $820-$880 per ounce gold and AISC of $1,440-$1,540 per ounce gold.

K92 Mining Announces Record Quarterly Production of 39,101 oz AuEq, Multiple Operational Records and Exceeds Annual Production Guidance

Retrieved on: 
Tuesday, January 9, 2024
Copper, Record, KNT, Gold, TSX, Silver, Mining, Printed circuit board

Record quarterly production of 39,101 ounces gold equivalent (“AuEq”)(1) or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver, and quarterly sales of 31,931 oz gold, 2,995,585 lbs copper and 61,712 oz silver.

Key Points: 
  • Record quarterly production of 39,101 ounces gold equivalent (“AuEq”)(1) or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver, and quarterly sales of 31,931 oz gold, 2,995,585 lbs copper and 61,712 oz silver.
  • Annual production of 117,607 ounces AuEq or 100,533 oz gold, 7,690,477 lbs copper and 160,628 oz silver, and annual sales of 96,013 oz gold, 7,446,581 lbs copper and 157,613 oz silver, exceeding the updated production guidance range of 111,000 to 116,000 ounces AuEq.
  • Strong metallurgical recoveries achieved concurrent with the plant throughput records, of 91.7% for gold and 93.6% for copper.
  • Annual production achieved 117,607 oz AuEq or 100,533 oz gold, 7,690,477 lbs copper and 160,628 oz silver, exceeding the updated production guidance range of 111,000 to 116,000 oz AuEq.

K92 Mining Announces Executive Promotions of David Medilek to President & Chief Operating Officer and Chris Kinver to Vice President Projects & Engineering

Retrieved on: 
Tuesday, January 9, 2024
Engineering, OceanaGold, KNT, Research, Barrick Gold, University, Mineral, Kainantu, BHP, Growth, Macquarie Group, Project manager, TSX, Evaluation, COVID-19, Camborne School of Mines, Engineers Australia, Plutonic Gold Mine, CFA Institute, Management

VANCOUVER, British Columbia, Jan. 09, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to announce the promotions of David Medilek to the position of President & Chief Operating Officer and Chris Kinver to the position of Vice President Projects & Engineering.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 09, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to announce the promotions of David Medilek to the position of President & Chief Operating Officer and Chris Kinver to the position of Vice President Projects & Engineering.
  • Mr. Medilek is a mining professional with over 16 years of mining capital markets, corporate strategy and technical operating experience.
  • Mr. Medilek joined K92 in 2019, most recently holding the position of President, and prior to that was its Vice President Business Development and Investor Relations.
  • John Lewins, K92 Chief Executive Officer and Director, stated, “Over the past several years, David and Chris have made considerable contributions to the success of the Company.

K92 Mining Announces Strong 2023 Q3 Financial Results Including Strengthening Financial Position and Process Plant Records

Retrieved on: 
Tuesday, November 14, 2023
IDP, FEED, Oil, Engineering, Stage 4, Workforce, Bank statement, Gold, Copper, Tax, Depreciation, KNT, Mining, Silver, Key Stage 3, K1, TSX, EPC, Rare-earth element, Printed circuit board, Bookkeeping, Road, Marble, Drug, Kora

VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce financial results for the three months and nine months ended September 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce financial results for the three months and nine months ended September 30, 2023.
  • The average mill head grade in Q3 was 7.32 g/t AuEq or 6.20 g/t gold, 0.72% copper and 12.84 g/t silver.
  • During the quarter, the Company entered into a US$100 million senior secured loan and amended offtake agreement with Trafigura Pte Ltd, further strengthening K92’s financial position and future metals payabilities.
  • In addition, all process plant long-lead item contracts have already been awarded on a fixed price basis (excluding freight).

K92 Mining Announces Q3 Production Results With Multiple Mill Throughput Records and First Ore Mined From the Twin Incline Area 2 Months Earlier Than Expected

Retrieved on: 
Thursday, October 12, 2023
Mining, TSX, J1, Silver, Gold, Safety, Record, Maintenance, Fatality, KNT, Copper, Printed circuit board, Rare-earth element, Palladium, Uranium mining, Q3

VANCOUVER, British Columbia, Oct. 12, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces production results for the third quarter (“Q3”) of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 26,225 oz AuEq or 22,227 oz gold, 1,784,009 lbs copper and 40,233 oz silver. Sales during the quarter were 18,339 oz gold, 1,255,291 lbs copper and 30,484 oz silver.

Key Points: 
  • Q4 production is expected to be the strongest for the year driven by a higher grade mining sequence.
  • Targeted diamond drilling of this area will commence shortly, and mining Kora via the twin incline is planned to commence in December.
  • We anticipate a strong boost to mine flexibility and productivity as this second mining front is developed.
  • Fourth quarter production is expected to be the strongest for the year, driven by a higher grade stoping and ore development mining sequence.

K92 Mining 2023 Third Quarter Financial Results Conference Call Details

Retrieved on: 
Wednesday, September 27, 2023
Webcast, TSX, KNT, EST

VANCOUVER, British Columbia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces that it will release its 2023 third quarter financial results before the North American trading markets open on Tuesday, November 14, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces that it will release its 2023 third quarter financial results before the North American trading markets open on Tuesday, November 14, 2023.
  • K92 will host a conference call and webcast to present the 2023 third quarter financial results at 8:30 am (EST) on Tuesday, November 14, 2023.
  • Listeners may access the conference call by dialing toll-free to 1-800-319-4610 within North America or +1-604-638-5340 from international locations.
  • The conference call will also be broadcast live (webcast) and may be accessed via the following link: https://services.choruscall.ca/links/k92mining2023q3.html