|Bid||3.6300 x 0|
|Ask||3.6400 x 0|
|Day's Range||3.4000 - 3.6500|
|52 Week Range||1.2700 - 4.4650|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||22.62|
|Earnings Date||Mar. 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.49|
Q1 production of 19,240 oz of gold, 339,993 lbs copper and 6,937 oz silver for a total of 19,934 gold equivalent (“AuEq”) oz. Record tonnage of 47,313 tonnes treated in Q1 2020.
VANCOUVER, British Columbia, March 27, 2020 -- K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) is pleased to announce results from its financial statements.
K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) 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, which addresses major issues such as occupational health, hygiene and safety, business continuity, travel, supply chain, statutory compliance, communications, testing, risk assessment and contingency planning.
K92 Mining Inc. (TSXV: KNT; OTCQX: KNTNF) (“K92” or “the Company”) 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 ranking is comprised of the strongest companies on TSX Venture Exchange, selected based on the equally weighted criteria in 2019 of: share price appreciation, trading volume amount and market capitalization growth.
Drill Hole KMDD0167 records bulk intersection of 30.1 m at 22.7 g/t Au, 5 g/t Ag and 0.54% Cu (23.6 g/t AuEq). The bulk intersection comprises multiple veins, including:° K1 of.
K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) 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. K92 Mining Inc. is engaged in the production of gold, copper and silver from the Kora and Kora North deposits of the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine.
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Exploration to increase significantly with $8-10 million projected in 2020. Two additional surface drill rigs and one underground rig was ordered and is expected arrive in Q2 2020. Growth capital costs forecasted to be between $20-$25 million, which includes completion of the Kainantu Stage 2 Expansion and the twin incline development designed for up to 2 million tonnes per annum throughput.
K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT, OTCQX: KNTNF) 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. This reflects our operational performance during 2019 in which K92 increased gold equivalent production 74% from the previous year, exceeded the top end of our upgraded annual production guidance, and made significant progress from exploration, both near-mine and regionally.
Arrival of the production long hole drill marks the beginning of Kainantu’s transition from an exclusively cut and fill mine to a high-productivity, lower-cost, long hole open stoping extraction method. A key focus has been on waste development for the expansion and there are now seven sublevels established - previously three operating sublevels in 2018. Preparation for development of Kainantu Twin Incline has commenced with earthworks underway.
Tonnage treated through the process plant was 30,336 tonnes, at an average grade of 25.22 g/t gold and 0.35% copper, achieving recoveries of 93.9% for gold and 92.5% for copper. Production for 2019 is a record of 79,838 oz of gold, 951,792 lbs copper and 22,984 oz silver for a total of 82,256 AuEq oz, representing a year-over-year increase of 74%. This exceeds the top end of the upgraded production guidance range of 72,000 to 80,000 AuEq oz.
All planned holes in Phase 1 diamond drill program completed, for a total of 3,451.2 metres, with multiple holes ending in porphyry mineralization.Three porphyry consultant.
K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce the appointment of Cyndi Laval to its Board of Directors. Ms. Laval is a partner in Gowling WLG's Vancouver office.