- K92 Mining released its Q1 results last month, reporting quarterly production of ~28,200 gold-equivalent ounces [GEOs], a significant improvement over last year's levels.
- This translated to a 78% increase in revenue to $52.2 million, and a more than 100% increase in operating cash flow to $22.7 million.
- The more exciting development, though, is the company's path to becoming a 350,000-ounce producer by 2026 at industry-leading costs with minimal share dilution.
- Based on K92 Mining's industry-leading growth and path to becoming one of the lowest-cost producers sector-wide, I would view pullbacks below US$5.70 as low-risk buying opportunities.
For further details see:
K92 Mining: Buy The Dips