- K92 Mining released its preliminary Q1 results this week, reporting quarterly production of ~28,200 gold-equivalent ounces [GEOs], a significant improvement over last year's levels.
- The higher production was driven by increased throughput and grades and fewer headwinds, though the company still had to contend with minor headwinds in Q1 2022.
- Fortunately, with COVID-19 cases declining and mobile equipment now on site, K92 Mining is set up for an even stronger finish to 2022 and meaningful growth.
- However, while K92 Mining is a top-3 growth story sector-wide, I remain neutral short-term, with the stock up 50% in less than three months and now trading just shy of my updated price target of US$8.30.
For further details see:
K92 Mining: A Solid Start To The Year