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.

Video Articles

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

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

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

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

K92 Mining Releases Assays From Twelve Drill Holes At Kora Deposit

K92 Mining (TSXV: KNT) this morning released results from drilling that is ongoing at its...

Thursday, August 27, 2020, 08:38:02 AM

K92 Mining Intersects 49.93 G/T Gold Equivalent Over 6.25 Metres At Kainantu Mine

K92 Mining Inc. (TSX: KNT) announced today the results from its ongoing diamond drill program...

Monday, August 30, 2021, 08:46:44 AM

K92 Mining Preliminary Economic Assessment Values Kora Stage 3 Expansion At NPV of US$1.5 Billion

K92 Mining (TSXV: KNT) this evening released the results of a preliminary economic assessment (PEA)...

Monday, July 27, 2020, 05:01:50 PM

K92 Mining: Canaccord Raises Target To $12.50 From $8.75

Yesterday morning Canaccord analyst Tom Gallo upgraded his twelve-month price target on K92 Mining (TSXV:...

Wednesday, October 7, 2020, 12:33:00 PM

K92: BMO Anticipates Stage 3 Expansion To Come Earlier Than Expected

On October 7th, K92 Mining Inc. (TSX: KNT) announced that the board of directors has...

Friday, October 15, 2021, 04:33:00 PM