- K92 Mining released its preliminary Q4 results this week and reported a blow-out quarter with record production of 29,800~ gold-equivalent ounces.
- Despite headwinds related to COVID-19, the company met its 1,100 tonne per day mining target, and finished the year with nearly 100,000 gold-equivalent ounces produced.
- While I believe K92 Mining commands a premium vs. peers for its organic growth profile and operational excellence, I continue to remain neutral on the stock due to valuation.
- Therefore, while I would view any pullbacks below US$4.70 as buying opportunities, I believe there's increased risk paying more than US$6.45 for the stock here.
For further details see:
K92 Mining: Another Blowout Quarter In Q4