K92 Mining (TSX: KNT) has released production results for the first quarter of 2025. Production is said to have hit 47,817 gold equivalent ounces, the second highest quarterly production figure on record, and a 71% year over year increase.
Production for the quarter was comprised of 45,735 ounces of gold, 1.1 million pounds of copper and 34,035 ounces of silver, which follows 103,449 tonnes of ore being processed with grades of 14.3 g/t gold, 0.50% copper and 11.1 g/t silver. Recoveries stood at 95.8% of gold and 95.1% of copper.
Commenting on the strong results, CEO John Lewins stated, “This has resulted in yet another consecutive quarter where our net cash balance has grown, even after investing considerable capital into the Stage 3 Expansion and making a PNG Corporate Tax payment of US$12 million. As at the end of March, 75% of expansion capital has been spent or committed and, importantly, the transformation of K92 into a Tier 1 Mid-Tier producer is nearly upon us, with commissioning of the new 1.2 million tonnes per annum Stage 3 Process Plant set to commence in the second half of this quarter.”
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K92 Mining last traded at $11.19 on the TSX.
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