K92 Mining Inc (KNTNF)

[douginil]

K92 Mining: Too Cheap To Ignore

Dec. 14, 2023 8:37 AM ETK92 Mining Inc. (KNT:CA) Stock, KNTNF

(Thanks to Taylor Dart on Seeking Alpha)

Summary

- K92 Mining's resource estimate for its Kora and Judd deposits exceeded my expectations, reaching ~7.1 million gold-equivalent ounces.
- Importantly, the company achieved this resource growth with minimal share dilution, increasing its GEOs per share, yet the stock has barely moved since the news.
- With this being an exploration story sector-wide, a top-3 growth story & with K92 set to be the lowest-cost producer sector-wide, the stock is dirt-cheap at ~0.40x P/NAV.

K92 Mining (OTCQX:KNTNF) released an update resource estimate for its Kora and Judd deposits at its Kainantu Mine (effective date September 12th, 2023), and the results exceeded my expectations. As noted in a previous update in June 2023, I expected to see resource growth to 5.6 million GEOs in 2023 as I wasn't sure about the company's ability to get enough infill drilling completed in time to see the full benefit of resource growth this year, but that I expected 6.3 - 7.1 million GEOs to be proven up by year-end 2024. And as the below charts highlight, the company's new resource hit the top end of my estimate a year early, with ~7.1 million gold-equivalent ounces across all categories.

"If we combine these two resources, I see the potential for 6.3 - 7.1 million gold-equivalent ounces to be proven up in the resource category at Kainanatu (Judd + Kora) by year-end 2024 (Q1 2025) and I think there's upside to this figure longer-term once better definition drilling is complete. "

Read more on Seeking Alpha

[douginil]

K92 Mining Announces Q1 Production Results, Achieving Record Development and Monthly & Daily Mill Tonnes Processed

April 6, 2023

Quarterly ore processed of 117,903 tonnes or 1,310 tpd (“tonnes per day”), our third highest on record, even after encountering 8 days of unplanned process plant downtime as previously reported.

Record monthly mill average daily throughput achieved in March of 1,490 tpd, 9% above the Stage 2A Expansion run-rate of 1,370 tpd, plus multiple new daily records set during the quarter, with the highest mill tonnes processed to date being 1,815 tonnes on March 11. Importantly, these records have been achieved prior to commissioning of the final major Stage 2A Expansion plant upgrade, the flotation expansion, planned for commissioning in Q2 2023.

Head grade during the quarter of 5.21 g/t gold, 0.70% copper and 10.14 g/t silver (6.35 g/t gold equivalent (“AuEq”)) with metallurgical recoveries for gold of 89.1% and copper of 91.3%. As previously reported, head grade was notably impacted by underground mining encountering an area with more challenging ground conditions than expected, impacting production stoping rates and access to higher grade material. Generally, mill feed would be supplemented by mining from additional mining fronts in these situations; however, due to development rates being below budget for several quarters during the COVID-19 pandemic, many of the alternative mining areas were not yet developed, therefore supplementing from the low grade stockpile was required. We expect a moderate impact from this in Q2, with the second half of 2023 being our strongest for production driven by a significant increase in our operational flexibility and stope sequencing, and 2023 production in the bottom half of the guidance range.

Quarterly production of 21,488 oz AuEq (1) or 17,593 oz gold, 1,651,297 lbs copper and 29,859 oz silver and quarterly sales of 17,602 oz gold, 1,538,590 lbs copper and 29,164 oz silver.

Record overall mine development of 2,278 m, an increase of 48% from Q1 2022, and significant advancement of the twin incline in Q1, with incline #2 (6m x 6.5m) advanced to 2,172 metres and #3 (5m x 5.5m) advanced to 2,230 metres as of March 31, 2023. Twin incline advance in Q1 was 22% ahead of budget.

Note (1): Gold equivalent for Q1 2023 is calculated based on: gold $1,890 per ounce; silver $22.55 per ounce; and copper $4.05 per pound.

VANCOUVER, British Columbia, April 06, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF ) announces production results for the first quarter (“ Q1 ”) of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 21,488 oz AuEq or 17,593 oz gold, 1,651,297 lbs copper and 29,859 oz silver. Sales during the first quarter were 17,602 oz gold, 1,538,590 lbs copper and 29,164 oz silver.

During the first quarter, the process plant delivered a strong quarterly ore processing rate of 117,903 tonnes or 1,310 tpd, our third highest quarter on record despite experiencing 8 days of combined unplanned maintenance. The unplanned plant maintenance occurred in February due to a mill trunnion bearing failure (2 days downtime) and a limited electrical fire in a cable tray, which damaged a number of cables feeding the wet section of the process plant (6 days downtime) (see February 27, 2023 press release).

After completion of the unplanned maintenance in February, the process plant performed very strongly, setting a new monthly ore processed record of 1,490 tpd in March which is 9% greater than the Stage 2A Expansion design throughput of 1,370 tpd. Additionally, multiple new daily throughput records were achieved during the quarter including 1,726 tonnes processed on February 26, 1,773 tonnes processed on February 28, 1,802 tonnes processed on March 3 and 1,815 tonnes processed on March 11. Importantly these records were achieved prior to the final major upgrade to the Stage 2A Expansion process plant, the flotation expansion to double rougher capacity, which is planned for commissioning in Q2 and is expected to provide a boost to metallurgical recoveries and flexibility to potentially increase throughput further.



Read more at:

[bigone]

No doubt, things don't look good.

[fink]

Ya can’t go wrong holding a few of these hoping in one to hit big.
It just takes one to make all your duds into gains. Like buying snd holding stick shells at sub penny prices. Just takes one yo hit 10k-30k+% to put you on too got years.

I think we have some time before the Fed loses all control of the dollar. Dont know who is buying the 2 year Treasury bond. But it has to be pure manipulation. China doesn’t want our debt.

All I know, other nations are loading up on gold and silver. What backs the dollar? No one wants to use it. Once these paper dollars are dumped on our soil, it’s game on.
Gold above $2,500 it’s over. Best have your stash snd mining stocks full

[bigone]

Time will tell. I am holding tight in hope and anticipation.

[fink]

Me too and resumes.
New and looking.

If world currency’s continue to become backed by gold. I suspect gold miners with confirmed gold in the ground and a known cost to get it out, win.

As the BRICKS nations expand, I see value here. Turkey is buying up the Worlds gold supply. Gold vaults are empty. It’s got to come to a head.

The roll of the dice in here, are they for real or just a cool story?

[fink]

Me too and resumes.
New and looking.

If world currency’s continue to become backed by gold. I suspect hold miners with confirmed gold in the ground and a know cost to get it out, win.

As the BRICKS nations expand, I see value here. Turkey is buying up the Worlds gold supply. Gold vaults are empty. It’s got to come to a head.

The roll of the dice in here, are they for real or just a cool story?

[fink]

Me too and resumes.
New and looking.

If world currency’s continue to become backed by gold. I suspect hold miners with confirmed gold in the ground and a know cost to get it out, win.

As the BRICKS nations expand, I see value here. Turkey is buying up the Worlds gold supply. Gold vaults are empty. It’s got to come to a head.

The roll of the dice in here, are they for real or just a cool story?

[bigone]

I know nothing other than their press releases.

[fink]

Thanks.
And ain’t that the truth. I’m heavy in Nat gas play looking for a good run over the next 6 months to roll into more metal miners.

Happened on this one. Was wondering if it’s for real or just a propped up story with no $$ to get anything out of the Earth.

[bigone]

I get your well taken points. I am just trying to say that there will come a time to bottom fish.

[bigone]

I get your well taken points. I am just trying to say that there will come a time to bottom fish.

[fink]

I kind of fell into this stock. All company interviews sounds as if they are Fort Knox, but $8 to $5 is one hell of a slide. Gold prices remain flat.
World drama should run gold up. Paper gold can not be delivered. So I don’t get it?

I’ll keep it on my watch list and continue to buy physical and silver mine plays.,

[bigone]

I was wonder the same thing.

[Rockydoxie]

Any political risk involved because of the Chinese negotiating w/ the Solomon Islands to build a military base in the area?

[ernie44]

there's no real gold on that island ---- just unfound BRE-X Saltings

[nowwhat2]

Jan 6th



Nope 4.50 never happened plus note the above diagonal below -
How it's actually pointing at the sig. gap
THIS TIME (fundamentally), it could go green arrows
Bitcoin during this upspike has been dropping back! So.....

[nowwhat2]

I wonder if maybe.....It doesn't seem to have yet
Perhaps in the Happy New Year.....
More will want/choose to own
GOLD !

[douginil]

K92 Mining Announces High Grade Judd 1265 Level Development Results - Total Strike Extension of 211 Metres Averaged 21.69 G/T AuEq at 3.9 Metre J1 Vein Width

October 27, 2021

- Judd Vein #1 (“J1 Vein”) 1265 Level development encountered significant high-grade mineralization along both the northern and southern extension drives. Since the August 23, 2021 press release, the combined extensions totalled 211 metres strike and recorded an average J1 Vein thickness of 3.9 metres at 21.69 g/t gold equivalent (“AuEq”) ( 1) or 20.36 g/t Au, 0.76% Cu and 24 g/t Ag from channel sampling.

- Northern extension over 97 metres recorded an average vein thickness of 3.8 metres at 18.29 g/t AuEq or 16.85 g/t Au, 0.85% Cu and 24 g/t Ag from channel sampling.

- Southern extension over 114 metres recorded an average vein thickness of 4.0 metres at 24.44 g/t AuEq or 23.20 g/t Au, 0.69% Cu and 25 g/t Ag from channel sampling.

- The development drives continue to report solid geotechnical competency, multiple high-grade faces at significant frequency, with 26% of faces recording average J1 Vein grades of +10 g/t AuEq from channel sampling. Channel sampling results include:

-- 5.2m thickness at 350.52 g/t AuEq or 346.62 g/t Au, 2.01% Cu and 97 g/t Ag
-- 2.9m thickness at 152.26 g/t AuEq or 149.47 g/t Au, 0.66% Cu and 150 g/t Ag
-- 5.6m thickness at 97.27 g/t AuEq or 95.59 g/t Au, 0.80% Cu and 48 g/t Ag
-- 5.7m thickness at 95.57 g/t AuEq or 90.55 g/t Au, 1.54% Cu and 232 g/t Ag
-- 2.6m thickness at 49.30 g/t AuEq or 42.89 g/t Au, 4.12% Cu and 74 g/t Ag
-- 3.8m thickness at 40.90 g/t AuEq or 39.52 g/t Au, 0.57% Cu and 49 g/t Ag, and
-- 5.8m thickness at 22.52 g/t AuEq or 19.65 g/t Au, 1.74% Cu and 44 g/t Ag.

- Mineralization style continues to be intrusive related, Au-Cu-Ag, and similar to Kora. The results compare favorably with reported drilling and the 1235 Level that recorded development over 288 metres with an average J1 Vein thickness of 3.7 metres at 11.64 g/t AuEq, including 179 metres at 3.7m vein thickness at 15.39 g/t AuEq.

- Long hole drilling has commenced at the Judd Vein System with the first production stope on target for Q4, representing an entirely new mining front.

(1) Gold equivalent (AuEq) exploration results is calculated using longer term commodity prices with a copper price of US$3. 3 0/lb, silver price of US$2 1 /oz and gold price of US$1,600/oz.

VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX: KNT ; OTCQX: KNTNF ) is pleased to announce that it has completed an additional 211 metres of development, extending to both the north and south along the Judd 1265 Level J1 Vein, within the +2.5km strike, sparsely explored Judd Vein System at the Kainantu Gold Mine in Papua New Guinea. This is the second sublevel developed on Judd Vein #1. Judd is located near mine infrastructure, sub-parallel and approximately ~150-200 metres west of the producing Kora deposit.

Since the Company’s August 23, 2021 press release announcing initial development results over a strike length of 83 metres on the Judd 1265 Level J1 Vein, underground development towards both the north and south continued to record high grade mineralization. The combined extension totals 211 metres at an estimated average grade of 21.69 g/t AuEq or 20.36 g/t Au, 0.76% Cu and 24 g/t Ag at an average vein thickness of 3.9 metres from channel sampling. The development extension to the north recorded a strike length of 97 metres with an average grade of 18.29 g/t AuEq or 16.85 g/t Au, 0.85% Cu and 24 g/t Ag of undiluted J1 Vein extracted at an average vein thickness of 3.8 metres that ranged from 2.5 metres to near drive width (over 5.5 metres) based on underground channel sampling. The development extension to the south recorded a strike length of 114 metres with an average grade of 24.44 g/t AuEq or 23.20 g/t Au, 0.69% Cu and 25 g/t Ag of undiluted J1 Vein extracted at an average vein thickness of 4.0 metres that ranged from 1.7 metres to near drive width (over 5.5 metres) based on underground channel sampling.

As a result of the promising drilling, underground development and metallurgical results to date, Judd has become an entirely new mining front and major exploration focus. On mining, long hole drilling has commenced and first production stoping is on track for the fourth quarter. This is expected to provide a significant boost to operational flexibility. On exploration, a larger drill program is planned to start at Judd imminently with at least two thirds of underground drill rigs allocated to Judd by early November. Exploration and development results will form the basis for the upcoming maiden Judd resource estimate and geostatistics / top-cuts, targeting Q1 2022.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest development results continue to demonstrate the significant potential of the Judd Vein System. Along the 1265 Level, development to the north and south recorded both high grades and solid thickness. Development along the level has recorded a total of 294 metres of continuous J1 Vein mineralization, averaging 3.8 metres vein thickness at 20.34 g/t AuEq or 18.60 g/t Au, 1.03% Cu and 26 g/t Ag from channel sampling. These results are supported by strong 1235 Level and exploration drilling results to date.

“While exploration at Judd is still in its early days, it is not only open along strike to the south and north, up-dip and down-dip, but also has at least four known veins, a known strike length of +2.5km that is sparsely drilled and similar mineralization to Kora. Importantly, vectors to the south, including extensive artisanal mining on surface and shallow historical high-grade intersections are very promising.

“We are pleased to report that exploration activities at Judd will be rapidly expanding imminently. By early November, we plan to have at least two-thirds of our underground drill rigs on Judd, after infill drilling at Kora concludes for its updated resource estimate later this year. Activities at Judd South are also planned, with surface mapping and sampling underway, as part of a program also targeting Kora South. Drilling at Kora South recently commenced from surface, and we expect opportunities to target Judd South as well.

“Lastly, we are very excited to be commencing production stoping at Judd this quarter. Long-hole drilling is underway and production stoping at an entirely new mining front is expected to provide a notable boost to operational flexibility. As Judd is near Kora’s mine infrastructure, we have the ability to quickly pivot from exploration success to production, which is a major advantage that we plan to continue to leverage going forward.”

Read more at:
https://k92mining.com/news/k92-mining-announces-high-grade-judd-1265-level-de-3647/

[nowwhat2]

Still one of my favorite producers for some reason



And so those results came out on August 16th ?
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=kntnf&x=63&y=12&time=100&startdate=2%2F1%2F2020&enddate=12%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

Bigcharts screwed up their damned Canadian chart long ago....
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Aknt&x=0&y=0&time=100&startdate=2%2F1%2F2020&enddate=12%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

[Uk1chad]

Any reasons for the drop in stock price over the last 3 months?

[douginil]

K92 Mining Releases Strong Q2 Financial Results and Record Mill Throughput

VANCOUVER, British Columbia, Aug. 16, 2021 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) is pleased to announce results from its financial statements for the three and six months ended June 30, 2021.

Safety

- Strong focus on safety with one of the best safety records in the Australasia region since start of operations.
- Proactive and focused management of COVID-19. K92 continues to operate and has strong preventative and response plans, with pandemic resiliency rapidly increasing through ongoing vaccination programs.

Production

- Record quarterly tonnage of 75,667 tonnes treated, a 53% increase from Q2 2020.
- Quarterly gold equivalent (“ AuEq ”) production of 25,015 oz, or 22,153 oz gold, 1,098,730 lbs copper and 14,914 oz silver.
- Cash costs of US$736/oz gold and all-in sustaining costs (“ AISC ”) of US$1,057/oz gold ounce (2) .
- Production during the quarter was materially impacted by a surge in COVID-19 cases in Papua New Guinea and the suspension of expatriate travel between Australia and Papua New Guinea from mid-March to mid-May.
- K92’s operational resiliency and efficiencies in addressing COVID-19 challenges were reflected in operational performance in the second half of the quarter, with production totaling 16,284 oz AuEq. K92 expects the second half of the year to be notably stronger than the first, and the fourth quarter to be the strongest, bolstered by production stoping commencing on the Judd Vein System.

Financials

- Balance sheet remained strong during Q2. K92 fully repaid its debt during the first quarter and maintains a strong cash balance, ending the quarter with US$56 million as at June 30, 2021. As production in the second half of the quarter was the strongest, a notable number of sales were realized in the third quarter.
- Sold 18,939 oz of gold, 862,407 lbs of copper and 12,472 oz of silver in the quarter. Gold concentrate inventories of 5,456 oz as of June 30, 2021, a quarterly increase of 3,077 oz.
- Quarterly revenue of US$35.5 million and net income for Q2 of US$4.4 million or US$0.02 per share.
- Operating cash flow (before working capital adjustments) for the quarter of US$15.2 million or US$0.07 per share and earnings before interest, taxes, depreciation and amortization (“ EBITDA ”) of US$11.8 million or US$0.05 per share.

Growth

- Following the positive drilling, underground development, and metallurgical results to date at the Judd Vein System, first production stoping is now planned for Q4. Development on the J1 Vein is underway on its second sublevel, the 1265 Level, and Judd has been prioritized to eliminate its core logging and assaying backlog.
- Results for 43 diamond drill holes reported for the Kora deposit, with 20 intersections exceeding 10 g/t AuEq, including KMDD0286 recording multiple intersections including 3.0 m at 71.22 g/t Au, 14 g/t Ag and 0.17% Cu (71.64 g/t AuEq, 1.38 m true width) on the K1 Vein and KMDD0339 recording multiple intersections including 6.30 m at 24.86 g/t Au, 74 g/t Ag and 4.44% Cu (32.11 g/t AuEq, 5.33 m true width) from the K2 Vein (see July 22, 2021 press release: K92 Mining Announces Latest High-Grade Drill Results at Kora, Including 3.0 m at 71.64 g/t AuEq & 5.35 m at 37.98 g/t AuEq ).
- Phase 2 drilling at Blue Lake has commenced deeper targeted drilling with two drill rigs operating. Subsequent to quarter end, hole KTDD0020 drilled to a record depth of 1400.6m.
- The new twin incline development has made considerable progress with the #2 (6m x 6m) incline now advanced 496 metres and the #3 (5m x 5m) incline advanced 530 metres as at July 31, 2021. Development of the incline resumed on May 21, 2021 after the COVID-19 Papua New Guinea and Australia travel restrictions were lifted and the COVID-19 situation in Papua New Guinea improved.

John Lewins, K92 Chief Executive Officer and Director, stated, “As we enter the second half of the year, after an unexpectedly challenging first half due to COVID-19 related challenges, there is optimism and an improving resiliency to the pandemic. Operationally, the second half of 2Q delivered strong results with 16,284 oz AuEq produced and we expect the second half of the year to be stronger than the first half, and the fourth quarter to be the strongest for the year. The introduction of Judd into our mine plan in Q4, will provide a notable boost to operational flexibility by adding another mining front and high grade which are expected to benefit the operation in not just 2021 but going forward.

On exploration, we are actively reducing our backlog of holes to assay and core log, while also adding more holes from our drill rig fleet with up to 11 rigs operating. This is expected to result in an increase in news flow in the second half of the year. The immediate focus is reducing the backlog at Judd and we expect to report results near term. Porphyry exploration has progressed from relatively shallow vector drilling to now deeper drilling targeting the potassic core. The performance and capabilities of the drill rigs has been solid, very recently drilling KTDD0020 to a depth of 1400.6m – this is a record for Kainantu but also one of the deepest holes drilled in PNG in the last few years. In terms of COVID-19 resiliency, we continue to make considerable progress with onsite vaccinations for our workforce underway and recently reduced restrictions for those that are fully vaccinated, decreasing site quarantine load and providing a boost to staffing levels.

Read more at:
https://k92mining.com/news/k92-mining-releases-strong-q2-financial-results-an-3422/

[Mason07]

Latest Drill Resultshttps://k92mining.com/news/k92-mining-announces-latest-high-grade-drill-resul-3153/

[nowwhat2]

Vancouver's helped keep me defensive



Week or so earlier

Month(s) ago




Might be a buyer if things drop to 760





Best wishes tho people - in these twisted times

[Mason07]

OT. Pandemic was Crime against Humanityhttps://www.bitchute.com/video/XwEu0vHf8DWf/

[Rockydoxie]

I agree, everything was good. I love the stock and have owned since .49.

So, why were we down today?

TIA

[douginil]

K92 Mining Releases Strong 2020 Q4 & Annual Financial Results - Record Net Cash, Revenue & Throughput Following Commissioning of Stage 2 Plant Expansion

VANCOUVER, British Columbia., March 29, 2021 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) is pleased to announce results from its financial statements for the three and twelve months ended December 31, 2020.

Safety

- Strong safety record continues and one of the best safety records in the Australasia region since start of operations.
- Proactive and focused management of COVID-19. K92 continues to operate and has strong preventative and response plans.

Production

Fourth Quarter 2020

- Record quarterly tonnage of 68,932 tonnes treated, a 127% increase from Q4 2019.
- Record quarterly gold equivalent (“ AuEq ”) production of 29,820 oz, or 28,809 oz gold, 493,584 lbs copper and 10,395 oz silver, representing a 26% AuEq increase from Q4 2019 ( 1 ) .
- Cash costs of US$639/oz gold and all-in sustaining costs (“ AISC ”) of US$768/oz gold ounce (2) .
- Long hole stoping on both the K1 and K2 Veins has provided a notable positive impact on operational flexibility.

Full Year 2020

- Record annual tonnage of 230,365 tonnes treated, an 81% increase from 2019.
- Record annual gold equivalent production of 98,872 oz or 95,109 oz gold, 1,853,078 lbs copper and 36,067 oz silver, representing a year-over-year AuEq increase of 20%.
- Cash costs of US$651/oz gold and AISC of US$782/oz gold ounce.

Financials

Fourth Quarter 2020

- Sold 28,112 oz of gold, 512,203 lbs of copper and 10,594 oz of silver. Gold concentrate inventories of 5,451 oz as of December 31, 2020, a quarterly decrease of 408 oz.
- Record quarterly revenue of US$48.0 million, increasing 44% from Q4 2019.
- Operating cash flow (before working capital adjustments) for the three months ended December 31, 2020 of US$18.9 million or US$0.09 per share and earnings before interest, taxes, depreciation and amortization (“ EBITDA ”) of US$22.7 million or US$0.10 per share.
- Net income for the three months ended December 31, 2020 of US$10.9 million or US$0.05 per share.
- Quarterly gross margin of 53%.
- Balance sheet significantly strengthened during Q4, with cash increasing by US$10.3 million to US$51.5 million and debt decreasing by US$2.1 million to US$4.9 million as at December 31, 2020.

Full Year 2020

- Sold 93,273 oz of gold, 1,827,368 lbs of copper and 36,655 oz of silver.
- Record annual revenue of US$159.1 million, increasing 56% from 2019.
- Operating cash flow (before working capital adjustments) for the twelve months ended December 31, 2020 of US$76.5 million or US$0.35 per share and EBITDA of US$79.6 million or US$0.37 per share.
- Net income for the twelve months ended December 31, 2020 of US$42.0 million or US$0.19 per share.
- Annual gross margin of 54%.

Growth

- Successful commissioning of the Stage 2 Plant Expansion to double throughput capacity to 400,000 tonnes per year and continued development of the twin incline following the lifting of the State of Emergency in June 2020.
- Stage 3 Expansion Preliminary Economic Assessment announced on July 27, 2020, outlining a potential Tier 1 asset, with ~318,000 ounces per annum AuEq run-rate production at a life of mine average AISC cost of US$362 per gold ounce net of by-product credits.
- At $1,500/oz gold, $18/oz silver and $3.00/lb copper prices, the estimate after-tax NPV5% is US$1.5 billion and is fully funded from mine cash flow. At US$1,900/oz gold prices the estimated after-tax NPV5% is US$2.0 billion.
- Underground development on the Judd Vein #1, marking the first significant exploration undertaken by K92 on the near-mine infrastructure, underexplored, +2.5km strike vein system. A Phase 1 underground drill program commenced during the quarter after reporting the preliminary results.
- Number of drill rigs increased to 10 at the end of the year, with plans to drill Kora, Kora South, Karempe and Judd epithermal vein systems, plus the Blue Lake porphyry concurrently.



Read more at:
https://k92mining.com/news/k92-mining-releases-strong-2020-q4-annual-financ-2661/

[nowwhat2]

[bio1275]

If you hold the one that I am a moderator , I meant. Itrg

[Rockydoxie]

"if you hold the one"

?

[bio1275]

Hello to all my old friends here. We made it guys :) I hope some of you remember me! I am active again to another board. If you hold the one come and join me there as well.

[nowwhat2]

Super bounce if 18 holds (it's currently dangerously hovering below) $1785



Thanks for posting those results









A Jan 26th Death Cross........
The red arrow then was larger - and BOY did things TANK !.....It's been hovering below 1800 (not shown)

[ThSeeker]

Very Impressive drill results.

[douginil]

K92 Mining Announces Latest High-Grade Drill Results at Kora, Including 7.20 m at 64.88 g/t AuEq

February 18, 2021

- Drill Hole KMDD0266 records multiple intersections including 7.20 m at 64.88 g/t gold equivalent (“AuEq”) (1) or 59.00 g/t Au, 56 g/t Ag and 3.89% Cu from the K1 Vein.

- Drill Hole KMDD0280 records multiple intersections including 6.82 m at 37.19 g/t AuEq or 34.80 g/t Au, 22 g/t Ag and 1.59% Cu from the K2 Vein and 12.65 m at 13.45 g/t AuEq or 12.86 g/t Au, 6 g/t Ag and 0.39% Cu from the K1 Vein.

- Drill Hole KMDD0263 records multiple intersections including 7.84 m at 21.04 g/t AuEq or 17.52 g/t Au, 23 g/t Ag and 2.44% Cu from the K2 Hanging Wall Vein.

- Drill Hole KMDD0289 records multiple intersections including 3.05 m at 14.98 g/t AuEq or 12.47 g/t Au, 28 g/t Ag and 1.63% Cu from the K3 Vein.

- Drill Hole KMDD0271 records multiple intersections including 9.33 m at 21.63 g/t AuEq or 16.55 g/t Au, 47 g/t Ag and 3.37% Cu from the K2 Vein.

- Drill Hole KMDD0299 records multiple intersections including 12.26 m at 21.31 g/t AuEq or 19.38 g/t Au, 32 g/t Ag and 1.14% Cu from the K2 Vein.

(1) Gold equivalent (AuEq) exploration results are calculated using longer term commodity prices with a copper price of US$3.10/ lb , a silver price of US$20.50/oz and a gold price of US$1,600/oz.

VANCOUVER, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) is pleased to announce results from the ongoing diamond drilling of the Kora deposit at the Kainantu gold mine in Papua New Guinea.

The results for the latest 35 diamond drill holes completed from underground into the Kora deposit are summarized in Table 1 below. The results continue to demonstrate the high-grade and continuity of Kora with intersections largely focused on increasing drill density up-dip, down-dip and to the south to upgrade resources for the Stage 3 Expansion Feasibility Study. In addition, some step-out drilling and testing of veins that are outside the resource, including the K2 Hanging Wall and the K3 veins, is also being undertaken.

From the drilling results, all drill holes intersected mineralization and 25 intersections exceeded 10 g/t AuEq with 45 intersections exceeding 5 g/t AuEq. Exploration has continued to observe an escalation of grade as drill density has progressively increased from a ~100 m x ~100 m spacing to a ~25 m x ~25 m spacing up-dip, down-dip and to the south. The drilling results are highlighted by hole KMDD0266 recording multiple intersections including 7.20 m at 59.00 g/t Au, 56 g/t Ag and 3.89% Cu (64.88 g/t AuEq, 4.69 m true width) and, ~25 m to the South, hole KMDD0270 intersecting 11.27 m at 15.46 g/t Au, 13 g/t Ag and 1.10% Cu (17.09 g/t AuEq, 6.67 m true width) both at the K1 Vein. These results expanded a known area of high-grade mineralization.

Read more & view drill table at:
https://k92mining.com/news/k92-mining-announces-latest-high-grade-drill-resul-2146/

[nowwhat2]

Yup - To 6.50 it went - from which it then bounced back strongly (see 2nd chart)

[newguy49]

this has happened before and like before it is going to come back strong.
new highs before very long! :^)

[nowwhat2]

Next Day

Yest


Next Day - Down 8%




Hey - So what the heck's happenin' ?......Board = DEAD

[nowwhat2]

Currently Unpredictable

[nowwhat2]

Thing's gotta be just the best-run gold mine bar none....

[douginil]

K92 MINING PROVIDES 2021 OPERATIONAL OUTLOOK

Posted January 20, 2021 In 2020, News Releases

- Production in 2021 is expected to grow 16-36% year over year, with Gold Equivalent (“AuEq”) production of between 115,000 and 135,000 ounces.
- High margin production forecasted in 2021, with Cash Costs between $515-565 per ounce gold and All-in Sustaining Costs between $825-$875 per ounce gold.
- Exploration to increase significantly, with expenditures of $14-17 million projected in 2021. During the course of 2020, the drill rig fleet doubled to ten drill rigs. Our eleventh drill rig is expected to arrive on site imminently.
- Growth Capital Costs forecasted to be between $25-$30 million, which includes the ongoing twin incline development designed for up to 2 million tonnes per annum throughput, or 3 million tonnes per annum throughput with conveyors.

Note: All amounts in United States Dollars unless otherwise indicated.

Vancouver, British Columbia, January 20, 2021 – K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to provide its operational outlook for 2021. The Company expects another significant, year-over-year, increase in gold equivalent production of 16-36% to 115,000 to 135,000 ounces, while also delivering low-cost production, with an estimated cash cost of $515-$565 per ounce gold and all-in sustaining cost of $825-$875 per ounce gold. Additionally, the Company plans to ramp-up exploration activities and invest in future production growth.

On exploration, 2021 is forecasted to have a significant increase in both near-mine and regional activities with a forecasted expenditure of $14-17 million. Over the course of 2020, the drill fleet doubled to ten rigs and an eleventh drill rig is expected to arrive imminently. Exploration plans are to target the Judd, Karempe, Kora and Kora South vein systems, and the Blue Lake porphyry in addition to continuing generative surface exploration.

Read more at:
https://k92mining.com/2021/01/k92-mining-provides-2021-operational-outlook/

[Uk1chad]

2020 sucked but it was a great year to be a K92 shareholder!

[nowwhat2]

Yes.....[[ Thanks to Taylor Dart on Stockhouse ]]


Meanwhile.....





Now to go do a revisit of Tudor

[Mason07]

Doug, looks like the drill results are coming in hot and heavy on or way to 10,000,000 oz's

[Mason07]

New Kora drill results...https://stockhouse.com/news/press-releases/2020/11/30/k92-mining-announces-latest-high-grade-drill-results-at-kora-including-9-80-m

[douginil]

K92 Mining: Judd Bulk Sample Strengthens The Investment Thesis

Nov. 24, 2020 12:17 PM ET |

[[ Thanks to Taylor Dart on Stockhouse ]]

Summary

- K92 Mining released results from its bulk sample on the Judd Vein this week, suggesting that the company could have a second high-grade ore source on its hands.

- The bulk sample showed positive reconciliation from estimates, with an average head grade of 6.50 grams per tonne gold-equivalent and similar recovery rates to Kora.

- While the stock remains a little expensive above US$5.40 as it's valued at above US$240.00/oz, the resource upside and organic growth potential justify K92's premium vs. peers.

- Based on its industry-leading organic growth potential as we look ahead to the Stage 3 Expansion at Kainantu, I believe any pullbacks below US$4.60 will provide low-risk buying opportunities.


https://seekingalpha.com/article/4391280-k92-mining-judd-adds-significant-resource-growth-potential?utm_medium=email&utm_source=seeking_alpha#alt2&mail_subject=kntnf-k92-mining-judd-bulk-sample-strengthens-the-investment-thesis&utm_campaign=rta-stock-article&utm_content=link-0

[Snowbeard]

Have there been recent exploration licenses converted to mining leases in PNG recently?

Given recent political turmoil, the news has been focused on the political turmoil, nationalization and court challenges surrounding Porgera. Could be difficult to convert the discovery into mining leases

[douginil]

K92 Mining - Presentation

Growing Production & Transformative Discoveries

November 2020 Presentation

In conjunction with the "Best 50 OTCQx"

Read at:
https://k92mining.com/wp-content/uploads/2020/11/k92-november-2020-final-1.pdf

[nowwhat2]

Pretty amazing - Thanks for that (but I can't seem to determine how deep those strikes are.....yet)

Also market doesn't seem to care much at all...........yet.


How amazing is that Barrick walked away from it all ?




Thanks again

[Mason07]

YW

[douginil]

Thanks Mason