K92 Mining Inc (KNTNF)

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John Lewins, K92 Chief Executive Officer and Director, states, “The third quarter of 2018 saw production from the Kora deposit of 9,910 ozs of gold equivalent ozs. This was achieved despite having a period of 3 weeks in July when ore production was halted to allow remediation and upgrading of ground support in areas of the main incline to be completed. Due to this reduction in ore mining operations, reduced ounces for the quarter caused a one-time increase in Cash Cost of US$742/oz and AISC of US$899/oz. Following the restart of ore mining operations, production has continued to ramp up with September and then October setting new production records. As a result, the lower end of the range for 2018 guidance issued earlier in the year has been increased to 44,000 gold equivalent ozs (previously 42,000) with the upper range unchanged at 46,000 gold equivalent ozs. K92 expects year-end costs to average within guidance set out earlier this year.