- K92 Mining released its Q3 results earlier this month, reporting quarterly production of ~24,100 gold-equivalent ounces, a more than 8% increase from the year-ago period.
- While this increase in production was below estimates, it was another challenging quarter for the company, with operations impacted by staff shortages/absenteeism related to COVID-19.
- However, guidance was cut and production came in below estimates, the company reported very impressive cost performance in Q3, with costs down 10%.
- Based on the fact that K92 Mining is a top-3 organic growth story sector-wide with industry-leading margins, I would view any pullbacks below US$5.00 as low-risk buying opportunities.
For further details see:
K92 Mining: A Much Stronger Year Ahead