K92 Mining Inc. Releases 2019 Q2 Financial Results, Increases 2019 Production Guidance and Decreases 2019 Cost Guidance
For the three months (brackets six months) ended June 30, 2019,
K92 sold 18,824 (37,240) gold oz for the period at a
cost of US$551/oz1 ($472/oz1) and an
all-in sustaining cost (AISC) of US$681/oz1 (US$618/oz1) Head grade of 16.7 g/t Au (six months ended June 30, 2019 – 19.6 g/t Au) Revenue less Cost of Sales for the three months (brackets six months) ended June 30, 2019 was US$10,784,119 ($25,456,759) Increased production guidance for 2019 to 72,000 to 80,000 gold equivalent (AuEq) oz (originally 68,000 to 75,000 AuEq oz). Decreased cost guidance for 2019 to cash costs of $560/oz1 to $600/oz1 (originally $580/oz1 to $620/oz1) and AISC of $720/oz1 to $760/oz1 (originally $780/oz1 to $820/oz1)
VANCOUVER, British Columbia, Aug. 15, 2019 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) is pleased to announce results from its financial statements for the three and six months ended June 30, 2019.
This second quarter of 2019 saw record tonnes processed, producing 19,652 oz AuEq from the Kora North deposit with cash costs of US$551/gold oz and AISC of US$681/gold oz. Revenue for the second quarter was US$23,293,370 with a gross margin US$10,784,119. Great interview on TFMetals. https://youtu.be/As-cM9nm8i8