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K92 Mining Inc (KNTNF)

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Last Post: 5/11/2022 12:42:51 PM - Followers: 50 - Board type: Free - Posts Today: 0

 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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KNTNF News: K92 Mining reports Q4 results 03/30/2022 12:40:35 PM
#3347   I was wonder the same thing. bigone 05/11/22 12:42:51 PM
#3346   Any political risk involved because of the Chinese Rockydoxie 04/25/22 03:16:09 PM
#3345   there's no real gold on that island ---- ernie44 04/11/22 05:28:44 PM
#3344   Jan 6th nowwhat2 02/18/22 11:15:16 AM
#3343   I wonder if maybe.....It doesn't seem to have yet nowwhat2 01/02/22 09:31:13 AM
#3342   K92 Mining Announces High Grade Judd 1265 Level douginil 10/28/21 10:18:14 AM
#3341   Still one of my favorite producers for some reason nowwhat2 10/08/21 03:42:50 PM
#3340   Any reasons for the drop in stock price Uk1chad 09/17/21 01:33:44 PM
#3339   K92 Mining Releases Strong Q2 Financial Results and douginil 08/16/21 06:44:36 PM
#3338   Latest Drill Resultshttps://k92mining.com/news/k92-mining-announces-latest-high- Mason07 07/22/21 07:08:40 AM
#3337   Vancouver's helped keep me defensive nowwhat2 07/19/21 07:15:19 PM
#3336   OT. Pandemic was Crime against Humanityhttps://www.bitchute.com/video/XwEu0vHf8D Mason07 07/17/21 10:23:16 PM
#3335   I agree, everything was good. I love Rockydoxie 03/29/21 04:23:53 PM
#3334   K92 Mining Releases Strong 2020 Q4 & Annual douginil 03/29/21 10:13:37 AM
#3333   investorshub.advfn.com/uimage/uploads/2021/3/11/wbknakntnf_3_11_1y_tl.jpg nowwhat2 03/11/21 11:52:28 AM
#3332   If you hold the one that I am bio1275 02/23/21 02:47:40 AM
#3331   "if you hold the one" Rockydoxie 02/22/21 08:09:06 PM
#3330   Hello to all my old friends here. We bio1275 02/22/21 12:18:34 PM
#3329   Super bounce if 18 holds (it's currently dangerously nowwhat2 02/20/21 05:31:46 AM
#3328   Very Impressive drill results. ThSeeker 02/19/21 03:44:51 PM
#3327   K92 Mining Announces Latest High-Grade Drill Results at douginil 02/19/21 03:05:08 PM
#3326   Yup - To 6.50 it went - from nowwhat2 02/18/21 08:55:45 AM
#3325   this has happened before and like before it newguy49 02/17/21 06:54:13 PM
#3324   Next Day nowwhat2 02/16/21 03:59:38 PM
#3323   Currently Unpredictable nowwhat2 02/15/21 12:02:38 PM
#3322   Thing's gotta be just the best-run gold mine nowwhat2 01/26/21 10:57:44 AM
#3321   K92 MINING PROVIDES 2021 OPERATIONAL OUTLOOK douginil 01/21/21 06:10:31 PM
#3320   2020 sucked but it was a great year Uk1chad 12/31/20 07:06:55 PM
#3319   Yes.....[[ Thanks to Taylor Dart on Stockhouse ]] nowwhat2 12/17/20 01:10:56 PM
#3318   Doug, looks like the drill results are coming Mason07 11/30/20 09:42:26 AM
#3317   New Kora drill results...https://stockhouse.com/news/press-releases/2020/11/30/k Mason07 11/30/20 08:53:08 AM
#3316   K92 Mining: Judd Bulk Sample Strengthens The Investment Thesis douginil 11/24/20 12:28:14 PM
#3315   Have there been recent exploration licenses converted to Snowbeard 11/18/20 02:49:16 PM
#3314   K92 Mining - Presentation douginil 11/17/20 06:59:40 PM
#3313   Pretty amazing - Thanks for that (but I nowwhat2 11/13/20 01:28:00 PM
#3312   YW Mason07 11/09/20 10:02:23 PM
#3311   Thanks Mason douginil 11/09/20 11:25:39 AM
#3310   Monster drilling results @ the Judd vein.....https://stockhouse.com/news/press-r Mason07 11/09/20 07:08:03 AM
#3309   OT Trump's Secret Weapon, Great Video !!!!!! Mason07 11/01/20 01:51:26 PM
#3308   Hi the link did not help. douginil 11/01/20 01:47:37 PM
#3307   https://twitter.com/X22Report/status/1322551329139658753 Mason07 11/01/20 01:44:56 PM
#3306   https://finance.yahoo.com/news/k92-mining-inc-announce-third-103000827.html Mason07 10/27/20 10:57:30 AM
#3304   Agreed ! Mason07 10/22/20 09:30:52 AM
#3303   If Judd and Karempe are the same as jools 10/22/20 07:57:31 AM
#3302   K92 finds high grade @ New Vein....https://ceo.ca/@nasdaq/k92-mining-announces-m Mason07 10/22/20 07:44:06 AM
#3301   YW Mason07 10/13/20 10:48:10 AM
#3300   Thanks for posting this douginil 10/13/20 10:25:50 AM
#3299   NEWS !..https://stockhouse.com/news/press-releases/2020/10/13/k92-mining-achieve Mason07 10/13/20 09:57:41 AM
#3298   K92 grants stock options for the purchase of shares...https://stockhouse.com/new Mason07 10/08/20 08:37:45 AM
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