K92 Mining Inc. is providing an update to shareholders regarding the trading activity of its common shares on the TSX Venture Exchange and OTCQX. Although we do not generally respond to market activity, we feel it is appropriate at this time to comment based on the level of trading activity in KNT and KNTNF Shares on August 19, 2019. K92 is aware [...]
For the three months ended June 30, 2019, K92 sold 18,824 gold oz for the period at a cost of US$551/oz1 and an all-in sustaining cost of US$681/oz1 Head grade of 16.7 g/t Au Revenue less Cost of Sales for the three months ended June 30, 2019 was US$10,784,119 Increased production guidance for 2019 to 72,000 to 80,000 gold equivalent oz . Decreased [...]
K92 provides an update on the Kora Expansion Project at the Kainantu Gold Mine: Installation of Gravity Circuit complete and commissioning underway, which is expected to increase recoveries and payabilities Underground Mining Fleet expanded with delivery of new grader and larger trucks and loaders New ventilation system commissioned and [...]
K92 Mining Inc. announces that, further to the Company’s press release dated July 11, 2019, the Company has closed its bought deal private placement for aggregate gross proceeds of $20,700,690, pursuant to which the Company issued 10,895,100 common shares at a price of C$1.90 per Share . The Offering was led by Clarus Securities Inc., as lead [...]
Loan Agreement for US $15 million for expansion of the Kainantu Gold Mine. Offtake Agreement for 100% production of copper/gold flotation concentrate at competitive terms. Agreements with Trafigura, offtake partner since start of K92 operations at Kainantu. VANCOUVER, British Columbia, July 25, 2019 -- K92 Mining Inc. is pleased to announce that [...]
Eleven underground and surface drill holes at Kora North, all reporting K1 and K2 vein mineralization, with a total of 12 vein intersections averaging greater than 10 g/t AuEq, including 4 separate vein intersections averaging greater than 20 g/t AuEq Drill Hole KMDD0162 records multiple intersections including 6.70 m at 120.6 g/t Au, 11 g/t Ag and [...]
K92 Mining Inc. is pleased to announce that K92 and Barrick Gold Corp. , through its wholly-owned subsidiary, have entered into an amendment agreement amending the share sale agreement dated June 11, 2014 . Under the amended terms, K92 will provide Barrick with a cash payment of US$12,500,000 within 60 days from the date of the Amendment Agreement [...]
K92 Mining Inc. is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters to purchase, on a bought deal private placement basis, 9,474,000 common shares in the capital of the Company at a price of $1.90 per Common Share , for aggregate [...]
Executed Loan Agreement with Trafigura for US $15 million for expansion of the Kainantu Gold Mine. Offtake Agreement covering 100% production of copper/gold concentrates at competitive industry terms with no minimum quantity requirements. Continuing relationship with Trafigura, our offtake partner since the start of operations at Kainantu [...]
Q2 2019 Production highlights include: Q2 production of 18,980 oz of gold, 261,800 lbs copper and 6,894 oz silver for a total of 19,652 gold equivalent oz Tonnage treated through the process plant increased by over 40% from the previous record quarter to 37,913 tonnes, at average grade of 16.7 g/t gold and 0.34% copper, achieving recoveries of [...]
The second of the six planned 400 to 600 metre deep holes intersected 219.6 metres at 0.16 g/t Au and 0.11 % Cu, including 147.7 metres at 0.21 g/t Au and 0.13% Cu from 456.9 metres to end of hole, with the hole ending in mineralization. The third deep hole, KTDD0007 intersected 303.3 metres at 0.22 g/t Au and 0.14% Cu from 190 metres to [...]
K92 Mining Inc. is pleased to announce the appointment of Warren Uyen as Senior Vice President Operations and David Medilek as Vice President Business Development and Investor Relations. Mr. Uyen is a Mining Engineer with over 30 years’ experience in the Mining Industry in Australia and Asia. He has extensive experience in the management of [...]