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K92 Mining Inc

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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 the Kora North deposit, 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
$273M
Shares outstanding
245.3M
Fully diluted shares
247.5M
Mineral resource
The maiden Inferred Resource of 14.6 Moz AuEq ranks Blue Lake among the largest known mineralized porphyries in PNG. Estimates are based on Technical Report titled, “Independent Technical Report, Mineral Resource Estimate Blue Lake Porphyry, Kainantu Project, Papua New Guinea”. The Independent and Qualified Person responsible for the mineral resource estimate is Simon Tear, P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia, and the effective date of the Mineral Resource is 1st August, 2022. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Resources were compiled at 0.1, 0.2, 0.3, 0.4, 0.5, 0.6 g/t AuEq cut-off grades. Density was based on 2,473 measured density data recordings (weighed core trays and measured core) which were composited and subsequently modelled unconstrained using Ordinary Kriging. Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Estimations used metric units (metres, tonnes and g/t). Gold equivalents are calculated as AuEq = Au g/t + Cu%*2.0629 + Ag g/t*0.0125. Gold price US$1,600/oz; Silver US$20/oz; Copper US$3.75/lb. Metal recoveries are incorporated in the formula and are Au 67%, Ag 67% and copper 86% respectively.
Projects
["The Blue Lake Porphyry Project is a significant gold–copper discovery within the highly prospective Kainantu region in Papua New Guinea. Located just 4 km southwest of the high-grade, producing Kainantu Gold Mine, Blue Lake represents a large-scale, well-mineralized porphyry system with substantial growth potential. Initially identified in 2017 from rock samples collected by a local landowner, Blue Lake was later confirmed as a porphyry system through soil sampling and drilling campaigns. The first drill hole, completed in 2019, marked the start of an extensive exploration program. A second drill phase in 2020 further defined the system, leading to the current large-scale resource estimate. Notably, Blue Lake was efficiently defined with only 16,475 metres of drilling, achieving a discovery rate of approximately 885 oz AuEq per metre drilled — a testament to the effectiveness of K92’s exploration team. Drilling at Blue Lake has outlined a large tonalite porphyry stock, characterized by multiple overprinting intrusions that are variably mineralized with gold and copper. The highest grades are associated with a potassic alteration core containing quartz stockwork veins, biotite, K-feldspar, and bornite/chalcopyrite mineralization. The mineralized porphyry is concentrically zoned and tilted towards the northwest, with mineralization open to depth and to the southwest, highlighting the potential for further expansion. Blue Lake is one of several porphyry targets in the Kainantu region. In Papua New Guinea, porphyry systems tend to occur in clusters, and K92 has identified at least five additional porphyry targets near Blue Lake. As the multi-pronged exploration strategy advances, targeting both porphyry and intrusion-related gold-copper systems, Blue Lake is expected to play a key role in the future growth of K92 Mining."]
Leadership
John Lewins (CEO & Director, Mineral Engineer with over 40 years’ experience in the mining industry, previously worked in Africa, Australia, Asia, North America, and the former Soviet Union.), David Medilek (President & COO, Mining professional with over 19 years of experience in mining capital markets, corporate strategy, and technical operations. Joined K92 in 2019.), Justin Blanchet (CFO, Experienced in financial reporting, regulatory compliance, treasury, and audit for publicly listed companies.), Chris Kinver (VP Projects & Engineering, Mining Engineer with approximately 20 years of experience in underground operations and mine development.), Robert Smillie (VP Exploration, Over 35 years in mineral exploration, specializing in epithermal gold and copper-gold systems.), Nancy La Couvée (Corporate Secretary, Over 20 years of experience providing governance and compliance services for international publicly listed companies.), Stanley Komunt (VP Community Affairs and External Relations, Over 25 years in the mining industry specializing in corporate governance and stakeholder engagement.), 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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