Saturday, July 5, 2025

Latest

K92 Mining Advances Kainantu Mine To Stage 2A Expansion, Increases Annual Throughput To 500,000 Tonnes

K92 Mining Inc. (TSX: KNT) announced on Thursday that it has approved the stage 2A expansion at its Kainantu gold mine in Papua New Guinea. The move is expected to increase the mine’s throughput to 500,000 tonnes per annum or 1,370 tonnes per day.

The stage advancement represents a 25% increase from the stage 2 capacity of 400,000 tonnes per annum or 1,100 tonnes per day. The company said the mine has been consistently performing above requirement, including a notable daily record of 1,408 tonnes on September 22, 2021.

The mining firm also relayed that the incremental capital investment for the expansion is estimated to be US$2.5 million, which it said would be funded from existing cash flow.

“[At] an estimated plant expansion capital cost of US$2.5 million, the expansion is not only funded from existing cash flow but is also expected to considerably strengthen our near-term ability to self-fund the Stage 3 Expansion while continuing to advance our vein field and porphyry exploration,” said K92 Mining CEO John Lewins.

Lewins also added that the decision for the expansion was also supported by “the significant exploration and development results at Judd [vein]”. The first production stope at the vein is expected to be mined within the quarter.

The company said that the full commissioning of the stage 2A expansion is expected to start in Q3 2022.

The mining company previously reported drill results at Kainantu mine in August 2021, highlighting an intersect of 49.93 g/t gold over 6.25 metres.

K92 Mining last traded at $6.12 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

K92 Q4 Earnings: Making Money Hand Over Fist

Gold on Monday crossed the $3,000 mark and managed to sustain that price level, pushing...

Sunday, March 23, 2025, 09:28:00 AM

Haywood Reiterates K92 Mining Price Target, Buy Rating

Las tweek, Haywood Capital Markets put out a quarterly preview and upcoming catalysts for K92...

Sunday, July 11, 2021, 03:08:00 PM

K92 Mining Hits 5.5 G/T Gold Equivalent In New Vein System At Kainantu

K92 Mining (TSXV: KNT) this morning reported results from the first significant exploration undertaken on...

Thursday, September 3, 2020, 08:45:20 AM

K92 Mining Announces 2022 Production Guidance Of 115,000 – 140,000 Gold Equivalent Ounces

K92 Mining Inc. (TSX: KNT) shared today its production outlook for 2022. The report highlighted...

Monday, January 24, 2022, 11:38:00 AM

K92 Mining Posts Record 178% Jump In Net Income In Q4 2024

K92 Mining (TSX: KNT) has released its financial and operating results for Q4 and full...

Monday, March 17, 2025, 09:33:21 AM