|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.5730 - 1.7460|
|52 Week Range||0.5100 - 2.0800|
|Beta (3Y Monthly)||-0.48|
|PE Ratio (TTM)||8.29|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
OTCQB: KNTNF) is providing an update to shareholders regarding the trading activity of its common shares (“Shares”) on the TSX Venture Exchange and OTCQX. K92 is aware of various media reports on recent negotiations between Barrick Gold Corporation and the Government of Papua New Guinea relating to the renewal of the special mining lease for the Porgera Mine. While K92 is not a party to those negotiations and has no affiliations with the Porgera Mine, K92 believes that some of these reports may have inadvertently caused some confusion and contributed to recent volatility in the Company’s share price.
For the three months (brackets six months) ended June 30, 2019, K92 sold 18,824 (37,240) gold oz for the period at a cost of US$551/oz1 ($472/oz1) and an all-in sustaining cost.
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.
OTCQB: KNTNF) 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 (the “Shares”) at a price of C$1.90 per Share (the “Offering”). The Offering was led by Clarus Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters which included PI Financial Corp., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Cormark Securities Inc., Eight Capital, GMP Securities L.P., and Haywood Securities Inc. (collectively, the “Underwriters”).
Offtake Agreement for 100% production of copper/gold flotation concentrate at competitive terms. OTCQB: KNTNF) is pleased to announce that, further to its news release dated July 2, 2019, K92 has received the US $15 million loan (the “Loan”) from Trafigura Pte Ltd. (“Trafigura”), a market leader in the global commodities industry, pursuant to a loan agreement.
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,.
OTCQX: KNTNF) is pleased to announce that K92 and Barrick Gold Corporation (“Barrick”), through its wholly-owned subsidiary, have entered into an amendment agreement (“Amendment Agreement”) amending the share sale agreement dated June 11, 2014 (“Original Agreement”). 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, to eliminate the contingent payment arrangement under the terms of the Original Agreement which continued until March 6, 2025 (refer to K92’s consolidated interim financial statements for the three months ended March 31.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. OTCQB: KNTNF) 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 (collectively, the “Underwriters”) to purchase, on a bought deal private placement basis, 9,474,000 common shares in the capital of the Company (the “Common Shares”) at a price of $1.90 per Common Share (the “Issue Price”), for aggregate gross proceeds of $18,000,600 (the “Offering”).
OTCQX: KNTNF) is pleased to announce record throughput in Q2, with production 25% above budget at 19,652 oz AuEq for the second quarter of 2019 (“Q2”) at its Kainantu Gold Mine in Papua New Guinea. Mining operations in Q2 continued to focus on Kora North and comprised cut and fill stope mining from the K1 vein from the 1185 and 1205 mRL level as well as development tonnes from the K2 vein on the 1170 mRL level and K1 on the 1205 mRL level.
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.
OTCQX: KNTNF) 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 both open pit and underground mines covering project development and operations.
VANCOUVER, British Columbia, June 04, 2019 -- Drill Hole KMDD0119, with a K2 intersection approximately 100 metres above the existing Kora North Resource and 100 metres below.
For the three months ended March 31, K92 produced 19,125 gold ozs or 19,778 gold equivalent (AuEq) oz for the year at a cost of US$377/gold oz or US$395/gold equivalent oz and.
Drill Hole KMDD0128 records multiple intersections including 2.05 m at 363.91 g/t Au, 17 g/t Ag and 0.08% Cu (364.25 g/t AuEq) plus 11.45 m at 7.61 g/t Au, 22 g/t Ag and 1.26%.
For the year ended December 31, 2018, K92 produced 45,810 gold oz, or 47,237 gold equivalent (AuEq) oz, at a cost of $594/gold oz or $601/AuEq oz and an all-in sustaining cost.
OTCQX: KNTNF) is pleased to announce record production of 19,778 oz AuEq for first quarter of 2019 (“Q1”) at its Kainantu Gold Mine in Papua New Guinea. Q1 production represents a new record for the Kainantu Gold Mine, being almost 20% higher than the previous record production of 16,451 AuEq oz achieved in Q4 2018. Mining operations in Q1 continued to focus on Kora North and comprised cut and fill stope mining from the K1 vein from the 1185 mRL level as well as development tonnes from the K2 vein on the 1170 mRL level and K1 on the 1205 mRL level.
Initial diamond drilling program underway, with the first of six planned 400- metre deep holes completedFirst hole KTDD0001 intersects 175 metres at 0.28 g/t Au and 0.22% Cu.
K92 Mining announces formal decision to double capacity at its Kainantu Gold Mine to 400,000 tonnes per annum, increasing production an average of 120,000 ozs AuEq per annum..
Drill Hole KMDD0124 records multiple intersections including 7.45 m at 116.49 g/t Au, 17 g/t Ag and 0.96% Cu (118.19 g/t Au Eq) plus 13.52 m at 7.64 g/t Au, 18 g/t Ag and 0.31%.
OTCQX: KNTNF) (“K92” or “the Company”) is pleased to announce it has been named to the TSX Venture Exchange’s 2019 Venture 50. The Venture 50 ranking is comprised of the strongest companies on TSX Venture Exchange, selected based on the equally weighted criteria in 2018 of: share price appreciation, trading volume amount and market capitalization growth.
K92 Mining Inc. (“K92”) (KNT:TSXV, OTCQX: KNTNF) is pleased to announce it has been named to the 2019 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 total return and average daily dollar volume growth in the previous calendar year. Companies in the 2019 OTCQX Best 50 were ranked based on their performance in 2018. K92 Chief Executive Officer, John Lewins, states, “During 2018, K92 established and declared commercial production, achieved cash flow positive operations, exceeded the top end of our annual production guidance.
K92 announces record production of 16,844 ozs AuEq in Q4 and a record annual production of 47,237 ozs AuEq from the Kainantu Gold Mine Highlights include: Q4 production of.
Drill Hole KMDD0105 records multiple intersections including 6.00 m at 43.20 g/t Au, 290 g/t Ag and 0.51% Cu (47.66 g/t Au Eq) plus 2.01 m at 4.73 g/t Au, 15 g/t Ag and 1.44% Cu.
K92 Mining files Independent Technical Report, Mineral Resources Estimate Update and Preliminary Economic Assessment of Kora North and Kora Gold Deposits, Kainantu Project, Papua New Guinea and corrects cash cost. OTCQX: KNTNF) (“K92” or “the Company”) has filed and made available for download on the Company’s SEDAR profile, a technical report titled, “Independent Technical Report, Mineral Resources Estimate Update and Preliminary Economic Assessment of Kora North and Kora Gold Deposits, Kainantu Project, Papua New Guinea” with an effective date of September 30, 2018 (the “Technical Report”) prepared by Anthony Woodward BSc (Hons.), M.Sc., MAIG, Simon Tear BSc (Hons), EurGeol, PGeo IGI, EurGeol, Christopher Desoe BE (Min)(Hons), FAusIMM, RPEQ, MMICA, Lisa J. Park, BEng (Chem), GAICD, FAusIMM.
VANCOUVER, British Columbia, Jan. 08, 2019 -- K92 Mining announces positive results of the updated Preliminary Economic Assessment (PEA) The key outcomes from the PEA were:.