Operations have delivered strong performance despite the ongoing COVID-19 State of Emergency in Papua New Guinea , with gold equivalent production on track to exceed 1Q 2020. On June 16, the SOE ended, resulting in a further easing of some restrictions. The process plant has performed well, with daily throughput of over 700 tonnes achieved on [...]
K92 Mining Inc. is pleased to announce results from the updated resource estimate that has been completed on the Kora deposit, at its producing Kainantu Gold Mine in Papua New Guinea. The resource estimate is based on surface and underground exploration diamond drilling and underground face sampling . Kora Deposit Mineral Resource Estimate [...]
K92 Mining Inc. is pleased to announce results from its financial statements for the three months ended March 31, 2020. First Quarter 2020 Highlights: Safety Strong safety record continues, with no lost time injuries and one of the best safety records in the Australasia region since start of operations. Proactive and focused management of COVID-19 [...]
K92 Mining Inc. provides the following update on recent activity with regards to community relations. Last week, during the State of Emergency related to the COVID-19 pandemic, a group of disaffected youths from the Bilimoian community blocked the haul road from the process plant to the Company’s Kainantu Gold Mine, demanding that the access road [...]
K92 Mining Inc. announces the creation of the Company’s COVID-19 Assistance Fund to support the Papua New Guinea National Government, the Eastern Highlands and Morobe Provincial Governments and our local communities in PNG respond to the COVID-19 pandemic. An initial sum of 1.5 million Papua New Guinea Kina will be allocated to the fund. The [...]
K92 Mining Inc. is pleased to announce results from its financial statements for the three and twelve months ended December 31, 2019. Fourth Quarter 2019 Highlights Record quarterly cash costs of US$461 per gold ounce and all-in sustaining costs of US$658 per gold ounce. Record quarterly gold equivalent production of 23,646 AuEq ounces, exceeding [...]
K92 Mining Inc. is providing an operational update on the impact of the Covid-19 pandemic and emergency response plans. To date there has been no significant impact on operations at the Company’s Kainantu Gold Mine in Papua New Guinea as a result of the Covid-19 pandemic. The Company initiated a Covid-19 Management Plan at the operation [...]
K92 Mining Inc. is pleased to announce it has been named to the TSX Venture Exchange’s 2020 Venture 50, which is an annual ranking of top performing companies from five industry sectors: Mining, Oil & Gas, Clean Technology and Life Sciences, Diversified Industries, and Technology. K92 is ranked second in the Mining category. The Venture 50 [...]
Drill Hole KMDD0167 records bulk intersection of 30.1 m at 22.7 g/t Au, 5 g/t Ag and 0.54% Cu . The bulk intersection comprises multiple veins, including: ° K1 of 10.0 m at 17.6 g/t Au, 1 g/t Ag, 0.10% Cu ; ° Kora Link of 5.1m at 8.5 g/t Au, 4 g/t Ag, 0.44% Cu ; ° K2 of 10.1 m at 45.7g/t Au, 12 g/t Ag, 1.29% Cu . Drill Hole KMDD0177 [...]
K92 Mining Inc. announces the grant of 2,234,000 stock options to employees, directors and consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $3.85 per share, expire five years from the date of grant, and vest in increments over twelve months from the date of grant. About K92 [...]
Production in 2020 is expected to grow 34-46% year over year, with Gold Equivalent production of between 110,000 and 120,000 ounces. Second half of 2020 is projected to deliver the strongest production and lowest costs, with the Kainantu Stage 2 Expansion targeting run-rate throughput by end of 2020. High margin production forecasted in 2020, with [...]
K92 Mining Inc. is pleased to announce it has been named to the 2020 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year [...]