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 [...]
Drill Hole KMDD0119, with a K2 intersection approximately 100 metres above the existing Kora North Resource and 100 metres below the existing Kora Resource, records multiple intersections including 49.46 m at 4.58 g/t Au, 33 g/t Ag and 1.09% Cu plus 3.66 m at 39.88 g/t Au, 280 g/t Ag and 0.25% Cu Drill Hole KMDD0146 records multiple intersections [...]
For the three months ended March 31, K92 produced 19,125 gold ozs or 19,778 gold equivalent oz for the year at a cost of US$377/gold oz or US$395/gold equivalent oz and an all-in sustaining cost of US$533/gold oz or US$545/AuEq oz1 Head grade of 23.6 g/t AuEq Revenue less Cost of Sales for the three months ended March 31, 2019, was US$14,672,640 [...]
Drill Hole KMDD0128 records multiple intersections including 2.05 m at 363.91 g/t Au, 17 g/t Ag and 0.08% Cu plus 11.45 m at 7.61 g/t Au, 22 g/t Ag and 1.26% Cu Drill Hole KMDD0142 records multiple intersections including 10.25 m at 26.02 g/t Au, 30 g/t Ag and 0.80% Cu plus 7.96 m at 49.82 g/t Au, 4 g/t Ag and 0.34% Cu Drill Hole KMDD0140 records [...]
For the year ended December 31, 2018, K92 produced 45,810 gold oz, or 47,237 gold equivalent oz, at a cost of $594/gold oz or $601/AuEq oz and an all-in sustaining cost of $795/gold oz or $796/AuEq oz For the quarter ended December 31, 2018, K92 produced 16,451 gold oz, or 16,844 AuEq oz, at a cost of $572/gold oz or $579/AuEq oz and an AISC of [...]
Q1 2019 Production highlights include: Q1 production of 19,125 oz of gold, 264,114 lbs copper and 5,564 oz silver for a total of 19,778 gold equivalent oz Record tonnage of 26,846 tonnes treated in process plant, at average grade of 23.6 g/t gold and 0.48% copper, achieving recoveries of 93.7% for gold and 93.9% for copper No lost time injuries [...]
