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K92 Mining Inc (KNTNF)

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Last Post: 8/6/2020 11:17:17 AM - Followers: 53 - Board type: Free - Posts Today: 1

 KNT // K92 Mining Inc. // KNTNF // US OTC, alsoTSX-V

K92 Mining is a precious metals producer and operates the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea. The mine is located in the eastern Papuan Mobile Belt and in May 2017, a northern extension to the 1.65 Moz AuEq inferred Kora deposit was discovered, called Kora North. By October 2018, Kora North had increased combined Kora-Kora North resources by +60%, having defined a Measured and Indicated Resource of almost 400,000 ozs AuEq and Inferred of almost 750,000 ozs AuEq. Mining of the Kora North discovery commenced in October 2017, commercial production was declared in February 2018 and production has been rapidly expanding since then.

K92 Mining also has significant growth upside potential through exploration, both near-mine and regionally. The regional land package is largely under-explored and with a large number of high priority vein and porphyry targets already identified.

Share Structure  As of December 31, 2019

242 M   Fully Diluted

213 M  Shares Issued


Management’s Discussion and AnalysisThree months ended March 31, 2020K92 Mining Inc.
Description of Business    
K92 Mining Inc. (the “Company”) was incorporated pursuant to the provisions of the Business Corporations Act (British Columbia) on March 22, 2010. The Company’s shares are listed on Tier 1 of the TSX Venture Exchange (“TSX-V”) under the symbol KNTand quoted on the OTCQX under the symbol KNTNF. The Company is currently engaged in the production of gold, copper and silver ofthe Kainantu Gold Mine as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake,in Papua New Guinea.

Performance SummaryOperational Q12020
- Gold production of 19,240gold ounces or 19,934AuEq ounces in Q12020, compared to production of 19,125gold ounces or 19,788AuEq ounces inQ12019.1
- Record mill throughputof 47,313 tonnesand mine material movements of 125,500 tonnes.
- Record development metresadvanced of 1,560 metres as the Company benefits from the expanded mining fleet and the completion of multiple infrastructure projects.
- Cash costs averaging $708per gold ounce in Q12020versus $391per gold ounce inQ12019.2The increase in cash costsper ounceis due to adecrease in mined gradesduring the period at 13.6 g/t  Au in Q1 2020. The head grade was lower than previous quarters due to a greater focus on mining the K2 vein, with gold grades in line with budget.
- All-in sustaining costs averaging $886per gold ounce in Q12020versus $567per gold ounce in Q120192as a result of the higher cash cost per ounceand change in calculation method.
- The Kainantu mine continues to operate during the COVID-19 pandemic, with a significant focus on health, safetyand risk mitigation.Financial Q12020
- Generated $7.5 millionfrom operating cash flowin Q1 2020 compared to $5.8 million for Q1, 2019.
- Revenue growth of 15%totaling $27.6million in Q12020compared to $24.0million in Q12019. Sales of gold concentrate increased by 2% to 18,747oz inQ12020from 18,416inQ12019resulting in   $0.4millionin higher revenues and payablegold prices increased by 20% to $1,502/oz inQ12020from $1,247/oz in Q12019resulting in $4.9millionin higher revenues.
- Gross marginof45%in Q1 2020compared to 61% in Q12019.
- EBITDA of$9.8million inQ12020compared to$13.7million inQ12019.2
- Cash position of   $21.1millionat March 31, 2020 compared to $21.6 million at December 31, 2019.
During Q1, 2020,the Company paid $2.1 million in principal loan payments andspent$3.2 million in expansion capital

Great interview on TFMetals.


K92 Mining Inc is focused on advancing the Kainantu Gold Mine, located in the Eastern Highlands province of Papua New Guinea, towards production.  The Kainantu property covers a total area of approx. 410km2 and was previously mined by Highlands Pacific and Barrick Gold from 2006-2009.

After being commissioned in 2006, the processing facilities operated for a cumulative total of approximately 7000 hours (292 days) before being put on care and maintenance by Barrick Gold, who continued this care and maintenance of the mill until the sale of the project to K92.

Latest drill results:

About Papua New Guinea

  • Land of large mines
    Commonwealth country
    Democratic government with the Prime Minister as Head of Government
    Population of approximately 7 million people over a land area of 462,840 km2
    Mining a major source of economic activity with multiple major mining companies operating large mines
    Mining and petroleum industry contributes over one third of government tax revenue
    Competitive tax and regulatory environment
    Mining licenses issued under the terms of the Mining Act 1992

I think the Kainantu project is one of the most prospective in Papua New Guinea.  The strength of the structures and veins are most impressive. And they contain significant high grade gold!

ALEX DAVIDSON, K92 Mining Advisor & Former Executive Vice President Barrick Gold Corporation

NI 43-101 Technical Report

Corporate presentation: https://k92mining.com/wp-content/uploads/2020/04/k92-april-2020-2.pdf
Website: http://www.k92mining.com/ 

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#3269   https://www.thenational.com.pg/k92-notes-record-gold-prices/ Antiriad 08/06/20 11:17:17 AM
#3268   Do we see US $2,000 gold this week? bigone 08/03/20 08:22:26 AM
#3267   Replay of the K92 Mining conference call from 07/28/2020 Antiriad 07/29/20 04:30:27 AM
#3266   It's been years..let the good times roll! blueleader 07/28/20 09:59:13 AM
#3265   K92 Mining is pleased to announce the results douginil 07/28/20 09:23:04 AM
#3264   PEA, HUGE !!https://ceo.ca/@nasdaq/k92-mining-inc-announces-robust-kora-stage-3- Mason07 07/27/20 06:01:53 PM
#3263   A new K3 vein ? I hadn't PhxBrad 07/16/20 07:49:13 PM
#3262   Antiriad.... Antiriad 07/16/20 08:12:47 AM
#3261   Thanks bud - Nice 1st post !....Yeah - nowwhat2 07/15/20 10:29:06 PM
#3260   WOW, incredible drill results Antiriad 07/15/20 01:54:40 PM
#3259   K92 has record 2nd qtr.....https://ceo.ca/@nasdaq/k92-mining-inc-achieves-record Mason07 07/06/20 07:54:26 AM
#3258   Edit Damn - Just got away on me (whilst nowwhat2 06/19/20 05:58:55 PM
#3257   Damn - Just got away on me (whilst nowwhat2 06/19/20 03:57:35 PM
#3256   Thank you nowwhat for posting this interesting PR douginil 06/15/20 10:22:15 AM
#3255   Never DID find out much about Blue lake nowwhat2 06/15/20 02:34:13 AM
#3254   New money coming into Juniors ThSeeker 06/01/20 07:04:50 AM
#3253   K92 mentioned in this very thorough report. see ThSeeker 05/28/20 09:47:43 AM
#3252   Nice - Thanks (appreciate yours') ! nowwhat2 05/27/20 11:18:38 AM
#3251   Yup, nothing quite like a good gap down Snowbeard 05/27/20 10:34:43 AM
#3250   And there's The Open..... nowwhat2 05/27/20 09:43:56 AM
#3249   Ah.....I see what yer sayin' Snowbeard - Nice nowwhat2 05/26/20 06:10:56 PM
#3248   On KNT.V, looks like it's just a retracement Snowbeard 05/26/20 02:06:13 PM
#3247   Hey, why so down here now today ?.....6pct nowwhat2 05/21/20 12:48:28 PM
#3245   After Hours K92 mining news link below Stock62 05/19/20 05:10:23 PM
#3244   K92 MINING INC. RELEASES STRONG 2020 Q1 FINANCIAL RESULTS douginil 05/14/20 08:54:16 PM
#3243   earnings release...https://ceo.ca/@nasdaq/k92-mining-inc-releases-strong-2020-q1 Mason07 05/14/20 08:21:34 PM
#3242   Yes. I have a small position in VITFF. PhxBrad 05/13/20 02:29:09 PM
#3241   OT Phx Brad Mason07 05/12/20 10:34:29 AM
#3240   Quite the advance today I see(n) nowwhat2 05/07/20 08:11:42 PM
#3239   TD Note on this mornings news in relation MemoryLeaks 04/24/20 02:04:04 PM
#3238   Yup. I bought the dip. This won’t be jembers 04/24/20 12:47:55 PM
#3237   I agree seek, see you all at $8-$10 Mason07 04/24/20 12:39:04 PM
#3236   Good info and I think buying the dip ThSeeker 04/24/20 12:18:43 PM
#3235   I sold out all my shares as soon MemoryLeaks 04/24/20 11:29:33 AM
#3234   Barrick is known for abusing countries in which jembers 04/24/20 10:44:33 AM
#3233   There is a difference between KNT and ABX, Mason07 04/24/20 10:34:42 AM
#3232   Not good news however Marape said Exxons LNG jools 04/24/20 10:20:19 AM
#3231   Knt, I believe the lease is good thru Mason07 04/24/20 10:11:34 AM
#3230   Very bad news. Lets hope this is specific ThSeeker 04/24/20 10:06:30 AM
#3229   Bad news from PNG.....https://www.mining.com/papa-new-guinea-snatches-barrick-go Mason07 04/24/20 09:56:16 AM
#3228   These charts from last night - Before todays' nowwhat2 04/22/20 12:43:18 PM
#3227   EASTER THURSDAY investorshub.advfn.com/uimage/uploads/2020/4/22/mljeuhui_aaap10_2m_200_nice.j nowwhat2 04/22/20 01:34:04 AM
#3226   When it comes to gold, Shiels forecasts a nowwhat2 04/22/20 01:19:53 AM
#3225   KNTNF Up over $3 after Coronavirus cut it Stock62 04/14/20 10:41:46 AM
#3224   KNTNF Up over $3 after Coronavirus cut it Stock62 04/14/20 10:41:36 AM
#3223   PART 2 nowwhat2 04/13/20 11:12:11 PM
#3222   Hey has anyone been monitoring this sector lately ? nowwhat2 04/09/20 12:11:54 PM
#3221   Added a few more in both of my accounts. ashy2classy 04/08/20 09:53:38 AM
#3220   K92 reports First Qtr numbers.....https://ceo.ca/@nasdaq/k92-mining-inc-announce Mason07 04/08/20 09:23:18 AM