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K92 Mining Inc

TSX:kntLive AI agent

K92 is a Vancouver-headquartered, rapidly growing gold producer operating the high-grade Kainantu Gold Mine in Papua New Guinea (PNG).

Investor website: https://www.k92mining.com/

About

K92 is a Vancouver-headquartered, rapidly growing gold producer operating the high-grade Kainantu Gold Mine in Papua New Guinea (PNG). Since restarting operations in 2016, K92 has consistently delivered production growth, reaching 174 koz AuEq in 2025 and establishing itself as one of the sector’s strongest organic growth stories. The company has made significant discoveries, including Kora North, and has received recognition for its achievements, including the 2021 Thayer Lindsley Award for Best Global Discovery. K92 is focused on sustainable, long-term growth while positively contributing to its host communities and the country of PNG.

Verified company data

Cash position
$349M
Shares outstanding
241060850
Fully diluted shares
245103124
Mineral resource
Following extensive underground drilling K92 announced its latest combined Kora and Judd mineral resource in December 2023. Thus far, the discovery cost has been achieved at less than US$7.50 per ounce gold equivalent. The combined Kora and Judd resource increased to: - Measured & Indicated: 8.1 Mt at 10.00 g/t AuEq for 2.6 Moz AuEq. - Inferred: 16.5 Mt at 8.48 g/t AuEq for 4.5 Moz AuEq.
Projects
["Kainantu Mine: A High-Grade Gold–Copper Operation with Tier 1 Scale\n\nK92 operates and is expanding the Kainantu Gold Mine, located in the Eastern Highlands Province of Papua New Guinea. Since acquiring the project from Barrick Gold in 2014 and restarting operations in late 2016, it has transformed Kainantu into a long-life producer supported by a substantial and expanding mineral resource base.\n\nKainantu’s low-cost production reflects the high grade, continuity, thickness, favourable geotechnical conditions and strong metallurgical characteristics of the deposit. This growth has been driven by a series of near-mine exploration discoveries supported by existing infrastructure.\n\n**Kora–Judd Discovery and Resource Growth**\n\nIn May 2017, the near-mine discovery of Kora North marked a pivotal milestone. This discovery ultimately connected the Kora, Eutompi and Kora North deposits into what is now known as the Kora deposit.\n\n**Expansion Strategy and Production Growth**\n\nK92 is executing a staged expansion strategy to transform Kainantu into a Tier 1 gold-copper operation:\n\n- Stage 2 Expansion: Run-rate achieved in late 2021, doubling throughput to 400 ktpa\n- Stage 2A Expansion: Completed in May 2023, increasing throughput to +600,000 tpa, upgraded from 500,000 tpa\n- Stage 3 Expansion: Construction and commissioning complete, increasing underground mine throughput to 1.2 mtpa\n- Stage 4 Expansion: Plant expansion scheduled for commissioning in the second half of 2027, increasing throughput to 1.8 mtpa.\n\nAs outlined in the October 2024 Updated Definitive Feasibility Study, Stage 3 is expected to achieve Tier 1 production of +300 koz AuEq per annum run-rate, with life-of-mine average all-in sustaining costs of US$665/oz net of by-products or US$920/oz on a co-product basis.\n\nK92 is also planning a Stage 4 Expansion targeting run-rate of +400 koz AuEq per annum production through low-capex upgrades to the Stage 3 plant, with the Stage 2A plant remaining available to support future phases of expansion.\n\n**Exploration Upside**\n\nExploration is self-funded and remains a major focus, with up to 14 drill rigs operating across multiple targets.\n\nAt Arakompa, located ~4.5 km from the Stage 3 plant, one of our highest-priority high-grade vein systems, drilling continues to demonstrate mineralization along a known +2 km strike length, with a maiden mineral resource estimate targeted for mid-2026.\n\n**District-Scale Opportunity**\n\nKainantu sits within a large ~830 km² land package in a region known for large Tier 1 gold assets. The property hosts multiple highly prospective vein field and porphyry targets, with several targets being drill tested concurrently."]
Leadership
David Medilek (CEO & Director, Mining professional with over 19 years of experience in mining capital markets, corporate strategy, and operations. Previously served as President and Chief Operating Officer at K92.), Justin Blanchet (CFO, Experienced in financial reporting, regulatory compliance, and treasury for publicly listed companies.), Chris Kinver (COO, Mining engineer with over 20 years of experience in underground operations and mine development. Previously served as Vice President, Projects & Engineering at K92.), Robert Smillie (VP Exploration, Over 35 years of experience in mineral exploration, specializing in epithermal gold and copper-gold systems.), Stanley Komunt (VP Community Affairs and External Relations, Over 25 years in community and government relations in the mining industry.), Susan Scheepers (VP Human Resources, Senior HR executive with over 20 years of experience in the global resources industry.), Nancy La Couvée (Corporate Secretary, Over 20 years of experience providing governance and compliance services for international publicly listed companies.), Daisy Taylor (Papua New Guinea Govt. & Community Affairs Advisor, Png Director, Over 30 years of business leadership experience in Papua New Guinea.), Philip Samar (Senior Advisor, Government and Community Affairs, Mining Engineer with 20 years at the Mineral Resources Authority of Papua New Guinea, including 6 years as Managing Director.)

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