- K92 Mining released its preliminary Q3 results this week, producing ~24,100 GEOs, with the company tracking well behind FY2021 guidance.
- However, this is mostly due to COVID-19 related headwinds which affected operations in H1, with the impacts spilling over into Q3 due to delayed access to high-grade ore.
- The good news is that the company is set up for a record Q4, and a year of strong growth in FY2022 based on a planned Stage 2A Expansion.
- Based on K92 Mining's industry-leading organic growth profile and exceptional margins, I would view any pullbacks below US$4.70 as low-risk buying opportunities.
For further details see:
K92 Mining: Ignore The Weak Q3, Record Production On Deck In Q4