2023-04-06 11:20:16 ET
- K92 Mining ( OTCQX:KNTNF ) said Thursday its gold-equivalent production from its Kainantu Gold Mine in Papua New Guinea was 21,488 GEOs.
- K92 processed 117,903 tonnes of ore or 1,310 tonnes per day during the first quarter.
- K92 mined 117,865 tonnes of ore in Q1, up 18% from last year.
- The company produced 17,593 oz gold, 1,651,297 lbs copper and 29,859 oz silver in Q1.
- The company sold 17,602 oz gold, 1,538,590 lbs copper and 29,164 oz silver in Q1.
- Q1 overall mine development of 2,278 m, up 48% from Q1 2022.
- K92 said it expects Q2 production to be moderately below budget, with the second half of 2023 being its "strongest" in terms of production and 2023 production being within the bottom half of the guidance range.
- Press Release .
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K92 Mining reports Q1 production of 21.5k GEOs from Kainantu Gold Mine