K92 Mining / KNT (CVE)

K92 earns $5.28M (U.S.) in Q2, increases guidance

2019-08-15 07:03 ET - News Release

Mr. John Lewins reports
K92 MINING INC. RELEASES 2019 Q2 FINANCIAL RESULTS, INCREASES 2019 PRODUCTION GUIDANCE AND DECREASES 2019 COST GUIDANCE
K92 Mining Inc. has released results from its financial statements for the three and six months ended June 30, 2019.
This second quarter of 2019 saw record tonnes processed, producing 19,652 ounces gold equivalent from the Kora North deposit with cash costs of $551 (U.S.)/gold ounce and AISC (all-in sustaining costs) of $681 (U.S.)/gold ounce. Revenue for the second quarter was $23,293,370 (U.S.) with a gross margin $10,784,119 (U.S.).
For complete details of the consolidated interim financial statements and associated management's discussion and analysis, please refer to the company's profile on SEDAR. All amounts are in U.S. dollars unless otherwise indicated.
John Lewins, K92 chief executive officer and director, stated: "The second quarter of 2019 was a record for K92 in terms of tonnes processed. K92 produced just under 20,000 ounces AuEq for the quarter and just under 40,000 ounces AuEq for the year to date, putting us ahead of our production guidance and below the cost guidance provided at the beginning of the year. As a result, K92 has increased its production guidance to between 72,000 and 80,000 AuEq ounces and decreased its all-in sustaining cost guidance to $720 to $760/ounce from $780 to $820/ounce gold. Production continues to meet revised expectations in the third quarter of 2019."

https://www.stockwatch.com/New…spx?bid=Z-C%3aKNT-2797342

ahead of Prod. guid+ below the Cost... So sehen sieger aus! Leider in dem Gewerbe nur seltene Ausnahmen.

fyi

K92 Mining Inc. Releases 2019 Q2 Financial Results, Increases 2019 Production Guidance and Decreases 2019 Cost Guidance
12:30 Uhr | GlobeNewswire
[Blockierte Grafik: https://www.goldseiten.de/bilder/minen/logos/3040.png]

• For the three months (brackets six months) ended June 30, 2019, K92 sold 18,824 (37,240) gold oz for the period at a cost of US$551/oz¹ ($472/oz¹) and an all-in sustaining cost (AISC) of US$681/oz¹ (US$618/oz¹)
• Head grade of 16.7 g/t Au (six months ended June 30, 2019 – 19.6 g/t Au)
• Revenue less Cost of Sales for the three months (brackets six months) ended June 30, 2019 was US$10,784,119 ($25,456,759)
• Increased production guidance for 2019 to 72,000 to 80,000 gold equivalent (AuEq) oz (originally 68,000 to 75,000 AuEq oz).
• Decreased cost guidance for 2019 to cash costs of $560/oz¹ to $600/oz¹ (originally $580/oz¹ to $620/oz¹) and AISC of $720/oz¹ to $760/oz¹ (originally $780/oz¹ to $820/oz¹)

VANCOUVER, British Columbia, Aug. 15, 2019 -- K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) is pleased to announce results from its financial statements for the three and six months ended June 30, 2019.
This second quarter of 2019 saw record tonnes processed, producing 19,652 oz AuEq from the Kora North deposit with cash costs of US$551/gold oz and AISC of US$681/gold oz. Revenue for the second quarter was US$23,293,370 with a gross margin US$10,784,119.
For complete details of the consolidated interim financial statements and associated management's discussion and analysis, please refer to the Company's profile on SEDAR (http://www.sedar.com). All amounts are in U.S. dollars unless otherwise indicated.
John Lewins, K92 Chief Executive Officer and Director, stated, “The second quarter of 2019 was a record for K92 in terms of tonnes processed. K92 produced just under 20,000 oz AuEq for the quarter and just under 40,000 oz AuEq for the year-to-date, putting us ahead of our production guidance and below the cost guidance provided at the beginning of the year. As a result, K92 has increased its production guidance to between 72,000 and 80,000 AuEq ounces and decreased its all-in sustaining cost guidance to $720 to $760/oz from $780 to $820/oz gold. Production continues to meet revised expectations in the third quarter of 2019.”
MINE OPERATING ACTIVITIES

Review of financial results
Net income
The Company's net income for the three months ended June 30, 2019, totalled US$5,288,706, or income per share of US$0.03 compared with US$4,071,596 or US$0.02 per share for the three months ended June 30, 2018.
Operating Cash Flow
The Company’s operating cash flow for the six months ended June 30, 2019 totalled US$15,551,272 or US$0.08 per share compared with US$8,923,410 or US$0.05 per share for the six months ended June 30, 2018. Operating cash flow before working capital adjustments for the six months ended June 30, 2019 totalled US$24,781,013 or US$0.13 per share compared with US$10,210,147 or US$0.05 per share for the six months ended June 30, 2018.
Notes

1. The Company provides some non-international financial reporting standard measures as supplementary information that management believes may be useful to investors to explain the Company's financial results. Please refer to non-IFRS financial performance measures of the Company's management's discussion and analysis dated August 14, 2019, available on SEDAR, for reconciliation of these measures.

K92 has not based its production decisions on mineral reserve estimates or feasibility studies, and historically such projects have increased uncertainty and risk of failure. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Qualified Person
K92 mine geology manager and mine exploration manager, Andrew Kohler, PGeo, a qualified person under the meaning of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and is responsible for the technical content of this news release. Data verification by Mr. Kohler includes significant time onsite reviewing drill core, face sampling, underground workings, and discussing work programs and results with geology and mining personnel.
For further information regarding the Kainantu gold mine, please refer to the technical report dated January 8, 2019, and entitled, "Independent Technical Report, Mineral Resource Estimate Update and Preliminary Economic Assessment of Kora North and Kora Gold Deposits, Kainantu Project, Papua New Guinea," available on SEDAR.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact Investor Relations at +1-604-687-7130.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the realization of the preliminary economic analysis for the Kainantu Project, expectations of future cash flows, the planned plant expansion, production results, cost of sales, sales of production, potential expansion of resources and the generation of further drilling results which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations in PNG, and regulations and other matters. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

K92 heute mit bis zu 30% minus.

Hat jemand Gründe für die scharfe Korrektur?

VG
bsi

Zitat von bsi

K92 heute mit bis zu 30% minus.
Hat jemand Gründe für die scharfe Korrektur?

Scheint so als ob die dortige ReGIERung gierig wird.
Scroll mal hier durch die Beiträge von heute.

saludos

Habe mal sicherheitshalber grossteil verkauft.Rest guter Freiläufer aber trotzdem Finger am Abzug

png gets greedy

PNG puts Barrick, Zijin on notice over Porgera gold mine negotiations

https://www.reuters.com/articl…a-gold-mine-idUSKCN1V902O

https://ceo.ca/@nasdaq/k92-min…pdate-on-trading-activity

K92 Mining Inc. Provides an Update on Trading Activity

VANCOUVER, British Columbia, Aug. 20, 2019 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) is providing an update to shareholders regarding the trading activity of its common shares (“Shares”) on the TSX Venture Exchange and OTCQX. Although we do not generally respond to market activity, we feel it is appropriate at this time to comment based on the level of trading activity in KNT and KNTNF Shares on August 19, 2019.

K92 is aware of various media reports on recent negotiations between Barrick Gold Corporation and the Government of Papua New Guinea relating to the renewal of the special mining lease for the Porgera Mine. While K92 is not a party to those negotiations and has no affiliations with the Porgera Mine, K92 believes that some of these reports may have inadvertently caused some confusion and contributed to recent volatility in the Company’s share price.

To clarify, K92’s Mining Lease (ML150) and License for Mining Purpose (LMP 78) are not subject to any renewal discussion and are not due for renewal until June 13, 2024, at which time the Company has the right to renew the mining leases subject to Papua New Guinea mining regulations. Pursuant to mining regulations, during the renewal negotiation process, the mine would continue to operate as normal. The Government of Papua New Guinea, including the Mineral Resources Authority, has not approached nor discussed amendments to our mining leases.

The Company further notes that the Government of Papua New Guinea has been and continues to be supportive of the extractive industries which are the largest contributor to the economy and largest export earner. The Government has further indicated a review of the current resources legislative framework, setting 2025 as the target date for migration to a new framework. The Company fully expects that any new legislation would involve consultation with industry as has been the case in the past.

K92 reiterates its long-term commitment to Papua New Guinea, having announced the expansion of the producing, high-grade, underground, Kainantu Mine on March 13, 2019 (See Press Release: K92 Mining to Expand Kainantu Gold Mine, PNG). Based on the outcomes of the January 8, 2019 Preliminary Economic Assessment (“PEA”) (See sedar.com and Press Release: K92 Mining PEA Results), the mine is expected to produce over 120,000 oz AuEq* over a 13-year period. At commodity prices of US$1300/oz Gold, US$16.5/oz Silver and US$2.90/lb Copper, the PEA estimates Kainantu generating:

• Royalty payments of US$50 million;
• Total taxes (including payroll and corporate tax) of US$300 million;
• Total sustaining capital over that period of US$202 million.

*Au Eq – calculated on above Current Metal Prices of Au – US$1,300/oz; Ag – US$15/oz; Cu – US$2.90/lb.

K92 has not based its production decisions on mineral reserve estimates or feasibility studies, and historically such projects have increased uncertainty and risk of failure. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

K92 would also like to emphasize its focus on the prosperity and development of Papua New Guinea and the local communities, currently employing over 800 people (direct employees and contractors), of which over 95% are from Papua New Guinea, with the majority being from local communities. K92 also has many long-term social and economic development initiatives, including (but not limited to): i) joint venture agreements signed between landowner groups and service providers to provide long term supply of services, including transport, security, ancillary mobile plant, and catering and camp services; ii) scholarships to support children of landowners for studies at tertiary institutions, with 11 scholarships provided in 2018 and over 50 provided in 2019, and; iii) numerous infrastructure and service development programs.

Lastly, K92 continues to invest in exploration to extend the mine life of Kainantu and further develop the resource potential regionally. There are currently six drill rigs operating on our ~405km² land package and our intention is to continue to increase the quantity of drill rigs.

Qualified Person

K92 mine geology manager and mine exploration manager, Andrew Kohler, PGeo, a qualified person under the meaning of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and is responsible for the technical content of this news release. Data verification by Mr. Kohler includes significant time onsite reviewing drill core, face sampling, underground workings, and discussing work programs and results with geology and mining personnel.

For further information regarding the Kainantu gold mine, please refer to the technical report dated January 8, 2019, and entitled, "Independent Technical Report, Mineral Resource Estimate Update and Preliminary Economic Assessment of Kora North and Kora Gold Deposits, Kainantu Project, Papua New Guinea," available on SEDAR.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek at +1-604-687-7130.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the realization of the preliminary economic analysis for the Kainantu Project, expectations of future cash flows, the planned plant expansion, renewal of the Company’s mining leases, production results, cost of sales, sales of production, potential expansion of resources and the generation of further drilling results which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations in Papua New Guinea, and regulations and other matters. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Klingt ja erstmal ganz beruhigend. Bzw. hat man hier möglicherweise einfach nur schnell reagiert um schlimmeres zu verhindern.
Wie auch immer, ich bleib dabei, die Zahlen sind einfach jedes mal zu gut um auszusteigen.

Gab mal Zeiten in Venezuela wo die Zahlen auch zu gut waren ...... Werde voraussichtlich den Rest weiter Halten aber nicht mehr zurückkaufen.

Heute schon wieder größere Kursverluste !

Hatte gestern eine erste position aufgebaut.

Zitat von bsi

Heute schon wieder größere Kursverluste !

Hallo bsi,

die Regierung von Papua Neuguinea möchte mindestens 30% Anteile an den Rohstoffminen - so ist die vorläufige Sprachregelung - man könnte es auch Verhandlungsposition nennen. Auch wenn KNT aktuell noch einen laufenden Vertrag hat und nicht jetzt betroffen ist, brauchen sie in ein paar Jahren die Erneuerung ihrer Minenlizenz.

Die Investoren lieben die Katze im Sack nicht und gehen dahin, wo es bessere, gesicherte und klare Regeln gibt.
Also wird verkauft, bzw. in andere Werte, ohne diese Ungewissheit, umgeschichtet. Das passiert so lange, bis das Risiko im Kurs enthalten ist.

Man wird für alle Unternehmen im Rohstoffsektor einheitliche Regeln finden müssen. Zunächst gilt das für Barrick und Zijin, die sich Porgera teilen. Und für den LNG Bereich, in dem Total betroffen ist.

Die Unternehmen zahlen vermutlich auch jetzt schon Steuern.
Wenn die Regierung wirklich einen Anteil an den Minen will, hat sie auch einen Anteil an den Kosten. In der Regel wird eine Mine nur gebaut, wenn die Regierung eines Staates ein Investitions-Schutzabkommen für das Unternehmen unterzeichnet. Es müsste also eine Entschädigung für einen Anteil geben.
Am Ende nach harten Verhandlungen sieht alles nicht mehr so schlimm aus.

Aber Investoren wollen Sicherheit für ihr Geld, deshalb geht es jetzt mit KNT abwärts.
Vielleicht brauchte KNT auch eine ordentliche Konsolidierung und das Anliegen der Regierung von PNG war der Auslöser.

Welche Unternehmen haben noch Minen in PNG?
Wie sieht das mit ST. Barbara und Newcrest aus?

LG Vatapitta

Ich hatte eine Order drin, am 20.8. zu 1,436 und kam nach Hause und die Order wurde nicht ausgeführt. Ich habe darauf sie geändert und gekauft, natürlich zu höheren Kurs.

Heute Morgen wollte ich Leagold eine kleine Position kaufen und was sehe ich da?? Jetzt steht auf einmal drin, der Kurs vom 20.8. bei K92 wurde abgerechnet zu 1,43..aber der Kurs war bei Tradegate nur 1,446...Die bank hatte gestern gesehen, wo der Kurs abgerutsch ist und haben sie mir jetzt naträglich gebucht. Jetzt habe zwei Position aufgebaut wo der Einstandskurs sehr nah ist, dass wollte ich nicht!!

Die Banken sind reine Mafiasis...!!!

Zitat von vatapitta

.....
Die Unternehmen zahlen vermutlich auch jetzt schon Steuern.
Wenn die Regierung wirklich einen Anteil an den Minen will, hat sie auch einen Anteil an den Kosten. In der Regel wird eine Mine nur gebaut, wenn die Regierung eines Staates ein Investitions-Schutzabkommen für das Unternehmen unterzeichnet. Es müsste also eine Entschädigung für einen Anteil geben.
Am Ende nach harten Verhandlungen sieht alles nicht mehr so schlimm aus.

Aber Investoren wollen Sicherheit für ihr Geld, deshalb geht es jetzt mit KNT abwärts.
Vielleicht brauchte KNT auch eine ordentliche Konsolidierung und das Anliegen der Regierung von PNG war der Auslöser.

Welche Unternehmen haben noch Minen in PNG?
Wie sieht das mit ST. Barbara und Newcrest aus?

LG Vatapitta

Alles anzeigen

Moin moin,

es gibt Neuigkeiten aus PNG, die ich bei Länderrisiken untergebracht habe. Möchte ich aber den bei KNT Investierten nicht vorenthalten. Mächtige Konzerne können die Opposition schon mal großzügig unterstützen - das vermute ich jedenfalls:

"Die Gesamtzahl (TOT +0,7%) ist höher, nachdem der Oppositionsführer von Papua-Neuguinea Premierminister Marape aufgefordert hat, den Abschluss des Papua-LNG-Gasgeschäfts mit dem Unternehmen zu unterstützen, anstatt Änderungen anzustreben und eine Erweiterung der Gasexporte des Landes um 13 Mrd. $ zu verzögern.

Die Regierung forderte Anfang dieses Monats plötzlich Gespräche mit TOT, um das Abkommen zu überarbeiten, eines von zwei, die TOT und die Partner Exxon Mobil (NYSE:XOM) und Oil Search (OTCPK:OISHF) benötigen, um zwei Großprojekte durchzuführen.

Oppositionsführer Patrick Pruaitch sagt, dass frühere Arbeiten an Papua LNG sowie das von Newcrest Mining-led (OTCPK:NCMGF) Wafi-Golpu Kupfer-Gold-Projekt die Hauptgründe für die Hoffnung sind, die PNG-Wirtschaft in diesem Jahr wieder auf 4%-plus Wachstum zu bringen, was bei einer Entgleisung des Papua LNG-Deals extrem schwierig wäre."

Übersetzt mit http://www.DeepL.com/Translator

Habe mir eine kleine Position KNT zugelegt.

LG Vatapitta

Bei K92 hatte ich damals zu lange gezögert, als es noch billig war.

Wenn die Regierung 30% haben will (Verhandlungsbasis) und K92 und sowieso erstmal eine Lizenz bis 2024 hat, dann finde ich die Korrektur von 30% eigentlich schon übertrieben.

Davon abgesehn steht K92 fundamental prächtig da und ist noch günstig bewertet. Das Management scheint auch top zu sein, von daher nutze ich auch die Gelegenheit und baue mal eine Position auf.

Moin moin,

KNT ist auch heute schwach.

@Nebelparder, @nicco oder @Caldera - Wer mag sich den Chart anzusehen und uns ein mögliches Ziel für die Korrektur zu nennen?

Eine Übernahme durch SBM halte ich nicht für wahrscheinlich. Sie müssen erst Atlantic Gold verdauen und die beiden anderen Minen erfordern hohe Investitionen. Präsentation bei Diggers und Dealers und
Presentation on FY19 Financial Report and audio webcast

Danke
Vatapitta

wenn das management schafft zu liefern sind das schon wieder billige preise.
zielsetzung war ua. tier 1 asset(5mio+ oz reserven) sowie eine massive ausweitung der produktion.

als investor sollte man sich klar darüber sein warum man investiert, als langfristige investition oder als trading position.

die derzeitige sippenhaft is ein meinen augen übertrieben.

vg bh

Ein schönes Beispiel dafür , daß man das Länderrisiko nicht unterschätzen darf.

Und je wilder die Zeiten demnächst werden , desto wichtiger vermutlich.

Unternehmenstechnisch/fundamental alles bestens , ja - vergleichbar mit Atlantic Gold.

Der Chart natürlich grausam , ein Drittel ist schon weggeschmolzen.

Wenn dies nun noch mit einer Korrektur der EM zusammentreffen sollte , dann sehe ich erst um die

200-Tage Linie (rot) Einstiegskurse kommen.

KNT in Cad:

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langfristig ist KNT auch dabei, Porzellan zu zerdeppern.
Bisher besser als der GDX/HUI gelaufen , hätte sie jetzt an der Unterstützung am 2016er Top bei 2,25 CAD halt machen sollen :

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zwischendurch wirds schon mal eine Gegenbewegung geben , wenn sie ordentlich im überverkauft-Bereich angelangt sein wird.

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Caldera