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K92 Mining Inc (KNTNF)

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Last Post: 3/20/2019 6:50:32 PM - Followers: 42 - Board type: Free - Posts Today: 4

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

Share Structure

As of July 20, 2018


212,446,037  Fully Diluted

180,276,694  Shares Issued

    7,261,681  Warrants

   9,503,662   Common Shares Issuable Upon Conversion of Cartesian Preferred Shares

 15,404,000   Options 

* Warrants include:
7,261,681 exercisable at $0.65 expiring September 6, 2019

K92 Chief Executive Officer, John Lewins, states, “During 2018, K92 established and declared commercial production, achieved cash flow positive operations, exceeded the top end of our annual production guidance. We have continued to develop Kora North from both a production perspective through continuing underground development to access greater strike length and in increasing the known resource through exploration and grade control drilling. The year ended strongly, with record setting production in Q4 2018 and the engagement of a second drilling contractor to bring in two addition larger underground diamond drill rigs which will enable the Company to significantly increase the metres drilled in 2019. K92, has also announced the positive results of an updated Preliminary Economic Assessment (“PEA”) for the project and will soon be publishing 2019 production guidance along with making a formal decision to expand mining and processing operations as described in the PEA.”

K92 Mining Inc. (“K92”) Releases Third Quarter Financial Results and Confirms 2018 Production Guidance
  • Production of 9,549 gold ozs or 9,910 gold equivalent (AuEq) ozs for the Quarter at a cost of $742/gold oz or $742/ gold equivalent oz and an all-in sustaining cost of $899/gold oz or $894/gold equivalent oz1
    Revenue less Cost of Sales for the three months ended September 30, 2018, was US$1,957,539
    Reaffirms production guidance issuance for 2018 expected to be between 44,000 (previously 42,000) and 46,000 gold equivalent ozs
    Cash cost guidance for 2018 expected to be US$530 to US$560 per gold equivalent oz, with all-in sustaining costs expected to be US$740 to US$800 per gold equivalent oz1

    Note1 - a non-IFRS measure computed in the Company’s MD&A in the non-IFRS performance measures section.

VANCOUVER, British Columbia, Nov. 26, 2018 (GLOBE NEWSWIRE) -- K92 Mining Inc. (TSX-V: KNT; OTCQX: KNTNF) (“K92”) is pleased to provide third quarter financial results and confirm 2018 production guidance.

For complete details of the unaudited condensed consolidated interim financial statements and associated management's discussion and analysis, please refer to the Company's filings on SEDAR.  All amounts are in U.S. dollars unless otherwise indicated.

Other Highlights

  • An updated resource estimate was completed for Kora North, resulting in an increase of over 25% in contained gold ozs in Measured and Indicated and Inferred Resources. The new resource comprises a Measured Resource of 154,000 tonnes @ 18.7 g/t Au, 8.9 g/t Ag and 0.5% Cu; an Indicated Resource of 690,000 tonnes @ 11.6 g/t Au, 14.1 g/t Ag and 0.8% Cu and an Inferred Resources of 1,920,000 tonnes @ 10.7 g/t Au, 13.3 g/t Ag and 0.7% Cu announced.
    No lost time injuries recorded in the three months ended September 30, 2018.

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: http://www.k92mining.com/investor/presentation/
Website: http://www.k92mining.com/ 

Current Price
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KNTNF News: K92 Mining Inc. (“K92”) Releases Third Quarter Financial Results and Confirms 2018 Production Guidance 11/26/2018 09:00:00 AM
KNTNF News: K92 Mining Announces Stock Options Grant 11/19/2018 06:25:13 PM
KNTNF News: K92 Announces Increased Resource for Kora North 11/13/2018 08:30:00 AM
KNTNF News: K92 Mining Quarterly Production Results 10/12/2018 08:00:00 AM
KNTNF News: K92 Announces Further High-Grade Kora Drill Results From Kora Northern Extension 10/09/2018 08:00:00 AM
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#1366  Sticky Note This interview is to important not to keep Mason07 02/13/19 11:03:55 AM
#999  Sticky Note Macquarie Research report on K92 - Target $2.50 CAD Edge83 06/07/18 11:31:10 PM
#1504   Yeah, i believe it will consolidate in that Mason07 03/20/19 06:50:32 PM
#1503   I hope it will consolidate between $1.00 - bio1275 03/20/19 06:38:08 PM
#1502   As we say in Lancaster" you bet " Mason07 03/20/19 04:48:10 PM
#1501   Another good day for K92. Loving my investment here. ThSeeker 03/20/19 04:33:51 PM
#1500   this is good if were to keep going up. Mason07 03/19/19 04:26:25 PM
#1499   Please don't say that you don't know why bio1275 03/19/19 02:38:45 PM
#1498   LOL! Greater is He who is in ThSeeker 03/19/19 07:35:23 AM
#1497   Ok, guys. My best friend finally decided to bio1275 03/18/19 10:29:15 PM
#1496   K92 is my only one that is up today. ThSeeker 03/18/19 03:29:51 PM
#1495   Man is this stock ever flyin' today nowwhat2 03/18/19 01:11:55 PM
#1494   Continued strength today. However on low volume. ThSeeker 03/18/19 10:52:20 AM
#1493   I believe Cnl got past it's major hurdle Mason07 03/16/19 04:05:28 PM
#1492   In my opinion K92 dying is not remotely ThSeeker 03/16/19 03:40:07 PM
#1491   Thanks Mason but let's see one year from bio1275 03/16/19 02:27:12 PM
#1490   Kudo's to Bio on your CNL call :-) Mason07 03/16/19 01:06:01 AM
#1489   Now, love them charts Mason07 03/16/19 12:01:38 AM
#1488   Man....Thing's goin' great guns here ; What nowwhat2 03/15/19 05:42:48 PM
#1487   Some good charts from Morris including K92...http://www.321gold.com/editorials/s Mason07 03/15/19 10:27:25 AM
#1486   If this continues, John Lewins might be voted Mason07 03/15/19 08:26:42 AM
#1485   Several very good local articles there. Good Edge83 03/15/19 12:30:49 AM
#1484   I like the fact of the 3 phase Mason07 03/14/19 10:21:07 AM
#1483   Excellent info in that interview. We got a ThSeeker 03/14/19 09:56:51 AM
#1482   New Interview.....http://www.resourcestockdigest.com/archives/k92-mining-tsx-v-k Mason07 03/14/19 12:01:45 AM
#1481   Thanks. But I agree to use private message ThSeeker 03/13/19 06:45:55 PM
#1480   Nice chart from Ceo board...https://stockcharts.com/h-sc/ui?s=KNT.V&p=D&yr=0&mn=4&dy Mason07 03/13/19 05:36:42 PM
#1479   I agree with Mason and Seek. Praying sometimes bio1275 03/13/19 05:12:26 PM
#1478   Yep. Reducing the risk of local issues is ThSeeker 03/13/19 04:46:09 PM
#1477   Seek, looks like K92 is really working out Mason07 03/13/19 04:31:44 PM
#1476   https://postcourier.com.pg/k92-mine-ideal-project/ Mason07 03/13/19 04:29:37 PM
#1475   https://postcourier.com.pg/ehp-mine-expected-create-800-jobs/ Mason07 03/13/19 04:28:39 PM
#1474   https://postcourier.com.pg/kainantu-mine-expects-k7-billion-expansion/ Mason07 03/13/19 04:27:32 PM
#1473   I agree, but we were commenting to each Mason07 03/13/19 04:24:31 PM
#1472   Amen to that! hamvestor 03/13/19 03:59:41 PM
#1471   NOT "lets try". Do it. PhxBrad 03/13/19 03:38:21 PM
#1470   I agree Seek, that really caught my eye. Edge83 03/13/19 02:08:58 PM
#1469   OT: let's try to keep religion and politics ashy2classy 03/13/19 12:06:28 PM
#1468   Besides the obvious increases I really like this ThSeeker 03/13/19 10:52:23 AM
#1467   News: $KNTNF K92 Mining to Expand Kainantu Gold whytestocks 03/13/19 10:40:44 AM
#1466   Folks, Dow is going to $ 30,000 and Mason07 03/13/19 09:56:30 AM
#1465   K92 to expand production.....https://ceo.ca/@nasdaq/k92-mining-to-expand-kainant Mason07 03/13/19 09:36:37 AM
#1464   Seek, we live in exciting times, I thank Mason07 03/12/19 05:27:29 PM
#1463   God is all about exposing truth and justice ThSeeker 03/12/19 05:20:15 PM
#1462   Seek, Take a look,extraordinary!...https://www.youtube.com/watch?v=gW7wvbg_z90 Mason07 03/11/19 01:25:05 PM
#1461   And drilling results ! Mason07 03/11/19 10:53:27 AM
#1460   It now depends upon the price of gold, Mason07 03/10/19 09:52:59 PM
#1459   Do you mean USD or CAD? Either way, bio1275 03/10/19 06:22:51 PM
#1458   Seek, i agree this is worth $ 4-5 Mason07 03/10/19 03:13:20 PM
#1457   I agree, however I up the pps target ThSeeker 03/10/19 01:56:07 PM
#1456   This is the most important year for KNT. bio1275 03/09/19 08:05:48 PM
#1455   Nice to see K92 on their list of Edge83 03/08/19 07:36:52 PM