Friday, May 30, 2025

Latest

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 an estimated gold equivalent production of 115,000 – 140,000 ounces, a 34% increase over its 2021 production of 104,196 ounces.

“2021 was a record year and we plan to deliver another record year in 2022,” said CEO John Lewins. The 2021 annual production exceeded the company’s guidance of 96,000 to 102,000 ounces, which lowered in November 2021 from 115,000 to 135,000 ounces due to COVID-19’s impact on its operations.

The company also said it plans to deliver “low-cost production”, benchmarking 2022’s cash costs and all-in sustaining costs at US$560 – US$640 per gold ounce and US$890 – US$970 per gold ounce.

The firm is also anticipating incurring growth capital costs of US$41 – US$47 million, including the ongoing Stage 2A expansion to 500,000 tonnes per year at the Kainantu mine. A twin incline is also being developed to support the Stage 3 expansion, designed to increase throughput up to 2 million tonnes per annum.

On exploration, the company estimates spending US$12 – US$15 million, which will be focused on “resource growth from previously largely infill-drilling at Kora, with plans to drill the Judd, Kora, Judd South and Kora South vein systems, and the Blue Lake porphyry.”

K92 Mining last traded at $6.96 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

K92 Mining Sees Canaccord Lift Target To $12.50 After Strong Second Quarter

Earlier this week, K92 Mining Inc. (TSX: KNT) reported its second quarter financial results. The...

Friday, August 19, 2022, 04:44:00 PM

K92 Mining Produces 28,188 Gold Equivalent Ounces In Q1 2022

K92 Mining Inc. (TSX: KNT) announced on Monday its operating results for the first quarter...

Tuesday, April 12, 2022, 03:01:00 PM

K92: BMO Trims 2022 Production Estimates After Q2 Results

K92 Mining Inc. (TSX: KNT) reported its second quarter production results last week. The company...

Monday, July 18, 2022, 11:30:50 AM

K92 Mining: Scotiabank, PI Financial Raise Price Target Following Kora PEA

Yesterday evening K92 Mining (TSXV: KNT) released a positive preliminary economic assessment on their phase...

Tuesday, July 28, 2020, 04:26:09 PM

K92 Mining: BMO Reiterates Ratings After 2022 Guidance Release

On January 24th, K92 Mining Inc. (TSX: KNT) announced their 2022 operational guidance, wherein the...

Sunday, January 30, 2022, 01:12:00 PM