K92 Mining / KNT (CVE)

für mich hätte die neue pea nicht besser sein können, aber lest selbst:

K92 MINING INC ANNOUNCES ROBUST KORA STAGE 3 EXPANSION PEA

Stage 3 Expansion PEA Study Highlights

• After-tax NPV_5% of US$1.5 billion at US$1,500 per ounce gold, increasing to an after-tax NPV_5% of US$2.0 billion at US$1,900 per ounce gold.
• Average annual expansion run-rate production of 318,000 ounces gold equivalent (“AuEq”)⁽¹⁾ per annum at 1.0Mtpa, commencing in late-2023, representing a 165% increase from Stage 2 Expansion Life of Mine (“LOM”) average annual production.
• LOM average cash costs of US$353 per AuEq ounce and AISC⁽²⁾ of US$489 per AuEq ounce.
• Low cash costs of US$202 per gold ounce and AISC costs of US$362 per gold ounce net of by-product credits.
• Initial pre-expansion capital cost of US$125 million and life of mine sustaining capital cost of US$341 million with all capital costs fully funded by existing Stage 2 Kainantu mine cash flow.
• Mine life of 12 years, including ~3 years of Stage 2 production (2021 to late-2023).

https://k92mining.com/2020/07/…ra-stage-3-expansion-pea/

dazu sagt brian
@bslusarchuk Congrats to all stakeholders on this big K92 news today. Really spectacular result and congratulations to all of you on this board who have been owners of the company for a long time now (including times when it would have been easy to have been shaken out). While today's update is excellent, I believe the best days are ahead for the company as progress continues on the ground on all fronts. 13from #knt, 27 Jul 2020, 23:04

goldige grüße
bh

Zitat von Blue Horseshoe

K92 MINING INC ANNOUNCES ROBUST KORA STAGE 3 EXPANSION PEA

Robust?

Das ist vielleicht das größte Understatement des Jahres im Minenbereich!

Geniales Management und Projekt!

Während andere Schwachmaten mit sensationell klingenden Headlines aufwarten, wird hier ohne Ende und ohne großes Geschnatter geliefert!

Zitat von Nebelparder

Robust?

Das ist vielleicht das größte Understatement im Minenbereich des Jahres!

Geniales Management und Projekt!

Während andere Schwachmaten mit sensationell klingenden Headlines aufwarten, wird hier ohne Ende und ohne großes Geschnatter geliefert!

Alles anzeigen

genau meine meinung... schrieb ich ja schon öfter.... sensationelles management auf hervorragendem projekt.
möchte auch nicht wissen wie viel kg reißnägel die verantwortlichen bei barrick gold schon geschluckt haben...

ich wiederhols nochmal.... tier1 asset ...

bg und erfolgreiche zeit
bh

https://www.mining.com/feature…ld-mines-in-the-world-q1/

[Blockierte Grafik: https://www.mining.com/wp-content/uploads/2019/07/Top-10-lowest-cost-gold-mines-Q-1-2019.jpg]

dann schau mer mal wo knt hier zukünftig steht...

bg bh

ps. seit der pea

@bslusarchuk Clarus, Canaccord Genuity, Cormark, Desjardins, Eight Capital, Haywood, PI Financial, Stifel GMP, Scotia, BMO and Raymond James all now cover K92 so if you have an acct at any of these firms, easy to find very bullish and detailed research today based on yesterday’s big news out of the company.

10x buy ratings
1x overweight

BMO Capital Markets Analyse zu KNT
von Andrew Mikitchook, P.Eng., CFA

Phase 3 Expansion PEA; Visibility on >300,000oz/yrAuEqBottom Line: We are increasing our target price to $8.00 from $6.00 by matching thePhase 3 PEA expansion driven by higher-than-expected grades at lower capital andoperating costs than we had been expecting. K92 is self-financed for significant growthto an intermediate gold-copper producer (>300koz/yr AuEq) – this is scarce amongjunior and even intermediate peers. In our opinion, especially as K92 completes thePhase 2 expansion and advances Phase 3, there will be ongoing market support andrevaluation.

Kainantu’s Phase 3: An Emerging Intermediate ProducerThe updated Phase 3 PEA exceededBMO expectations outliningan average of 258,000oz/yrAuEq over 12years of mine lifeat significantly lower AISC compared to the 2018 PEA and 2019 actuals. In our opinion, especially as K92 completes the Phase 2 expansion and advances Phase 3,there will be ongoing market support and revaluation. We discuss our key takeaways below:

Doubling production capacity:The new mine plan shows visibility on a gradual but quick ramp-up to 1mmtpa in Phase 3 by late 2023 compared to 400tpa in Phase 2.Stage 2 expansion commissioning is currently underway toward the planned +120koz/yrAuEqthat will be maintained through 2023 when Phase 3 ramps up.

Kainantu is highergrade at higher throughputs:The newlife-of-mine gold grade is 8.8g/t, only a slight decrease from the 9.0g/t in the previous 2018 PEA and above our assumed grade of 7.9g/t. Average copper grade of 1.0% is a modest decrease from the previous PEA but tends to increase over the life of the mine with throughput. Overall, the new mine plan holds Kainantu in the upper end of high-grade mines globally with visibility on several years averaging 10+g/t.Notably,exploration continues toexpand the high-gradezone –7 rigs are currently turning and expanding to 10 by year-end.

Lower operating costs/tonne: The net result of mining at higher throughputs islower-than-expected unit costs averaging US$93.6/t LOM and US$88.8/t post Phase 3 expansion.

Capital and sustaining costs:The Phase 3capex ofUS$125M and US$28M/yr is lower than the our previouslymodelled $300Mand likely manageable for the company to fund internally from Kainantu Phase 2 cash flows.Exhibit 1 highlights the FCF drawdown in 2021-2023 as $125Mof capex is invested inthe Phase 3 expansion.

Significant leverage to gold price:Theupdated PEA boasts an after-tax NPV5%of US$1.5 billion at US$1,500/oz gold, increasing to an after-tax NPV5%of US$2.0 billion at US$1,900 per ounce gold.

Phase 3 already underway: The company is targeting the delivery of a Definitive Feasibility Study (DFS) for Stage 3in mid-2021. Currently, the new twin incline is underway,and four diamond drill rigs are operational underground focused on upgrading the resource for the DFS and expanding the known resource to the south and at depth.Surface drilling is ramping up as well with three drills now active and fivedrill rigs expectedby year-end.

vollständig unter

http://cdn.ceo.ca.s3-us-west-2…0-%20July%2028%202020.pdf

bg bh

haywood zu knt mir price target von 10 cad

Given our firm belief in the value of Kora, and the capacity of the geology to deliver further resource growth (underpinned by the 2020 PEA outcomes for the expansion) we have increased our target price to $10.00 (from $6.15).Our target is predicated on a 1.0x NAVmultiple to our Corp. NAV7% (Haywood Base Case), which following an update to our Kainantu mine model on the basis of the PEA update, increases to C$9.98/sh from $6.33/sh, previously. With the Stage 3 PEA now in hand, we now await the delivery of aFeasibilitystudy, which is expected to be completed by mid-2021.

As ahighlight, we notethat the Phase 3 expansion study outlined a NAV >20% higher than our previous expectations. Published metrics came in ahead of our estimates on CAPEX, grade, and costs, driving a NPV5% of US$1.6 billion using a price of US$1,600/oz Au, which compared to our previous estimate of US$1.35 billion using a long-term price of US$1,650/oz.

..

RECOMMENDED ACTION We recommend accumulating shares at current levelsWe reiterate our Buy rating and revised target price of $10.00/sh (from $6.15/sh). We believe K92 offers Tier-1 asset exposure through its high-grade Kainantu Gold Mine in PNG, which is progressing towards near-term production growth in Q3/20.We anticipate K92 will continue to garner interest from investors seeking a growing production base and near-mine resource expansion opportunities.Given K92’s cheap valuation relative to peers, we believe the Company is well positioned for share price appreciation.

...

Blue Lake Porphyry Au-Cu targetThe Blue Lake porphyryAu-Cu target represents one of several porphyry targets on the Company’s property (e.g., Yompossa, A1 and Yonki; see Figure 3) and was initially drill tested last year. The target exhibits spatially overlapping geochemical anomalism (Au-Cu) together with the presence of enargite-bearing breccia and vuggy silicarock in outcrop,and a diagnostic EM signature. Early drilling tested to 600 metres and revealed a Au-Cu mineralized propylitic altered zone below an advanced argillic lithocap (see Figure 6). This drilling commonly ended in Au-Cu mineralization with follow up drilling this year looking to test for potassic ‘core’ of the system.

..

Valuation and Target PriceOur target price of $10.00per share is based on a ~1.0x multiple to our fully financed after-tax corporate net asset value (NAV)7%of $9.98per share. In deriving our corporate NAV7%, we have outlined two mining scenarios, the first (Stage 2) is based on the nearly completed mine expansionto a capacity of 400,000 tpa, and the second (Stage 3) is based on a conceptual mine plan that outlines a much larger mining operation utilizing a new 1 Mtpa processing plant. We have modelled the start of production for Stage 3at Kora and Kora North toin early-2023. Stage 3will include the construction of a new and larger processing facility using a similar flow sheet with throughput capacity of2,750tpd producinggold, silver, and copper concentrate andgold and silver dore.We anticipate a ~14-yearlife of mine for the overall production of 3.4Moz gold, 5.9Moz silver, and 265.6Mlb copper (~4.0Moz gold equivalent). K92currently has ~C$28.7million in cash and trades at a 0.68x multiple to our fully financed after-tax corporate NAV7%estimate of $9.98per share. Comparatively, other gold/copper-developer peers in Haywood’s coverage universe trade between 0.63x and 1.27x corporate NAV estimates.

http://cdn.ceo.ca.s3-us-west-2…m/1fip82q-KNTAug62020.pdf

bg bh

kurzinterview mit john lewins

John Lewins:“Mining is a game of numbers, and let me give you the numbers for the stage 3 expansion:
Zero. That is the amount of external funding that is required to build stage 3.
$489. That is the all-in sustaining cost per ounce of gold production.
318,000. That’s the average annual gold equivalent production at the run rate.
1,000,000. That’s the tonnes we treat per year in stage 3.
$125 million. That’s our initial pre-production expansion cap.
$1.5 billion. That is the after tax NPV at a $1,500 gold price.
Those are the numbers for stage 3. And that’s what mining is about.”

Eric King:“John, those numbers are staggering. Let me give you some numbers.
$2,050 gold.
$29.50 silver.
We’ve talked cash flows in the past. What are we looking at going forward with the dramatic upside surge and the prices that we are seeing in the gold and silver markets?”
A Staggering $450 Million Of Free Cash Flow Each Year

John Lewins:“Well, if you take stage 3, and we are producing over 300,000 ounces of gold a year, and our all-in sustaining cost is below $500, at $1,500 gold we are making $1,000 an ounce. So that’s $300 million in cash flow. With the price of gold at $2,000, that becomes $450 million of free cash flow each year.”

Eric King:“What are you going to do with nearly a half a billion dollars in free cash flow?”
10 Drill Rigs On Site By The End Of The Year

John Lewins:“We currently have 7 drill rigs operating but we are going to expand that to 10 drill rigs by the end of the year. We will have more drilling results out later this month and we have so many exciting targets to drill. And to go back to that first number, zero, that’s the amount of external funding that will be required to build stage 3 because we are generating so much cash flow that we don’t need equity and we don’t need debt. We are actually making cash while we are building stage 3 and expanding to what is effectively a tier-one mine.”

bg bh

Conference Call bzgl. der Quartalszahlen, morgen (14.08.) um 16:00 Uhr.

http://services.choruscall.ca/links/k92mining20200814.html

Immer wieder eine Freude John Lewins zu hören.

K92 Mining Inc Releases Strong 2020 Q2 Financial Results Including Records for Revenue, Cash Flow and Net Cash

Financials

• Sold 27,149 ounces of gold, 566,084 lbs of copper and 11,729 ounces of silver. Gold concentrate inventories of 3,439 ounces as of June 30, 2020, a quarterly decrease of 1,474 ounces.
• Record quarterly revenue of US$47.9 million, a 105% increase from Q2 2019.
• Record operating cash flow (before working capital adjustments) of US$30.3 million or US$0.14 per share and EBITDA of US$29.7 million or US$0.14 per share.
• Net income of US$16.9 million or US$0.08 per share.
• Balance sheet significantly strengthened, with cash increasing by US$13.1 million to US$34.7 million and debt decreasing by US$4.2 million to US$9.1 million as at June 30, 2020.

https://ceo.ca/@nasdaq/k92-min…AAd95EwN6bqAZXDw0Z6dtFWhk

so die letzten zahlen sind da

K92 Mining Inc Releases Strong 2020 Q2 Financial Results Including Records for Revenue, Cash Flow and Net Cash

VANCOUVER, British Columbia, Aug. 13, 2020 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce results from its financial statements for the three months ended June 30, 2020.

Second Quarter 2020 Highlights:

Safety

• Strong safety record continues, with no lost time injuries and one of the best safety records in the Australasia region since start of operations.
• Proactive and focused management of COVID-19, with no confirmed cases amongst employees. K92 continues to operate and has strong preventative and response plans.

Production

• Record quarterly production of 26,847 gold equivalent (“AuEq”) oz, comprising 25,762 oz of gold, 531,406 lbs copper and 10,867 oz silver.
• Record tonnage of 49,311 tonnes treated, a 30% increase from Q2 2019.
• Cash costs of US$596/oz gold and all-in sustaining costs (“AISC”) of US$678/oz gold⁽²⁾.
• Long hole stoping at the K1 and K2 Veins has continued to perform to design and has provided a notable positive impact on operational flexibility.

Financials

• Sold 27,149 ounces of gold, 566,084 lbs of copper and 11,729 ounces of silver. Gold concentrate inventories of 3,439 ounces as of June 30, 2020, a quarterly decrease of 1,474 ounces.
• Record quarterly revenue of US$47.9 million, a 105% increase from Q2 2019.
• Record operating cash flow (before working capital adjustments) of US$30.3 million or US$0.14 per share and EBITDA of US$29.7 million or US$0.14 per share.
• Net income of US$16.9 million or US$0.08 per share.
• Balance sheet significantly strengthened, with cash increasing by US$13.1 million to US$34.7 million and debt decreasing by US$4.2 million to US$9.1 million as at June 30, 2020.

Growth

• Reported an updated mineral resource for Kora, with a Measured and Indicated Resource of 1.1 million ounces at 10.45 g/t AuEq and Inferred Resource of 3.7 million ounces at 9.01 g/t AuEq, representing a +180% and +50% increase from the October 2018 resource, respectively (see May 19, 2020 Press Release – K92 Mining Inc. Reports Significant Resource Increase at High-Grade Kora Deposit).
• Surface exploration recommenced in late Q2 following lifting of the COVID-19 State of Emergency (“SOE”) in Papua New Guinea, targeting nine diamond drill rigs operating by the end of Q3 2020 and ten rigs by year end.
• Resumed commissioning of the Stage 2 Expansion and development of the twin incline following the lifting of the SOE. Stage 2 Expansion commissioning is expected to be completed by the end of Q3 2020.

bg bh

@MontevonZott

sorry da haben wir uns wohl überschnitten beim posten

bg bh

Zitat von Blue Horseshoe

@MontevonZott

sorry da haben wir uns wohl überschnitten beim posten

bg bh

...auf die Minute genau...

Zitat von Blue Horseshoe

John Lewins:“Well, if you take stage 3, and we are producing over 300,000 ounces of gold a year, and our all-in sustaining cost is below $500, at $1,500 gold we are making $1,000 an ounce. So that’s $300 million in cash flow. With the price of gold at $2,000, that becomes $450 million of free cash flow each year.”

Eric King:“What are you going to do with nearly a half a billion dollars in free cash flow?”
10 Drill Rigs On Site By The End Of The Year

John Lewins:“We currently have 7 drill rigs operating but we are going to expand that to 10 drill rigs by the end of the year.

Danke @Blue Horseshoe,

mit dem Beitrag 347 hast Du mich überzeugt, dass KNT bei mir ins Depot gehört.
Ich hatte die Aktie schon früher und war nach hohem Gewinn ausgestiegen.
Aber die Story ist noch lange nicht zu Ende.

Am Tag des Rückschlages bei den EM fiel KNT, ist jetzt allerdings wieder im Plus.
Ich werde wegen der zu erwartenden vielen Explorationsergebnisse die kleine Position im Depot behalten und gegebenenfalls erhöhen.

LG Vatapitta

@vatapitta

guten morgen, freut mich wenn dir eine eingebrachte information eine entscheidungshilfe sein konnte.
allerdings will ich niemanden überzeugen und ich hoffe, deine eigene due dilligence hat dich zu der erneuten kauf/halte entscheidung gebracht!

ich selbst halte es nicht mehr für ausgeschlossen, hier deposits mit insgesamt 15-20 mio oz zu finden und bin sehr gespannt auf die nächsten bohrergebnisse, auch von den anderen zonen(zb blue lake).

viel erfolg und eine gute zeit
bh

K92 Mining Announces Latest High-Grade Drill Results at Kora, Including First Hole From Most Southerly Drill Cuddy

• Drill Hole KMDD0230 records multiple intersections including 6.21 m at 48.11 g/t Au, 13 g/t Ag and 1.05% Cu (49.82 g/t AuEq, 5.06 m true width) at the K1 Vein. In combination with K1, Kora Link and K2, records a bulk intersection of 23.66 m at 13.61 g/t Au, 13 g/t Ag and 0.84% Cu (15.02 g/t AuEq, 19.15 m true width).
• Drill Hole KMDD0227 records multiple intersections including 4.32 m at 133.40 g/t Au, 4 g/t Ag and 0.25% Cu (133.82 g/t AuEq, 4.21 m true width) at the K1 Vein.
• Drill Hole KMDD0225 records multiple intersections including 9.00 m at 4.41 g/t Au, 39 g/t Ag and 3.59% Cu (10.21 g/t AuEq, 4.57 m true width) at the K2 Vein from most southerly drill cuddy.
• Drill Hole KMDD0238 records multiple intersections including 4.20 m at 13.22 g/t Au, 6 g/t Ag and 0.20% Cu (13.59 g/t AuEq, 3.02 m true width) at the K1 Vein.
• Drill Hole KMDD0234 records multiple intersections including 10.00 m at 10.11 g/t Au, 10 g/t Ag and 0.28% Cu (10.64 g/t AuEq, 7.95 m true width) at the K2 Vein.

VANCOUVER, British Columbia, Aug. 27, 2020 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce results from the ongoing diamond drilling of the Kora deposit at the Kainantu gold mine in Papua New Guinea.

The results for the latest 12 diamond drill holes completed from surface and underground into the Kora deposit are summarized in Table 1 below. The results continue to demonstrate the high-grade and continuity of Kora with intersections largely focused on increasing drill density towards the South. All drill holes intersected mineralization.

The drill results once again intersected a potentially bulk mineable zone. Drill Hole KMDD0230 recorded multiple intersections including 6.21 m at 48.11 g/t Au, 13 g/t Ag and 1.05% Cu (49.82 g/t AuEq, 5.06 m true width) at the K1 Vein. When combining the K1, Kora Link and K2 Veins, KMDD0230 recorded a bulk intersection of 23.66 m at 13.61 g/t Au, 13 g/t Ag and 0.84% Cu (15.02 g/t AuEq, 19.15 m true width).

Towards the South, multiple high-grade intersections were also recorded. Following the commissioning of the most southerly underground drill cuddy, the first hole from DDC14, KMDD0225 recorded multiple intersections including 9.00 m at 4.41 g/t Au, 39 g/t Ag and 3.59% Cu (10.21 g/t AuEq, 4.57 m true width) at the K2 Vein.

Other high-grade intersection highlights were KMDD0227, KMDD0238 and KMDD0234. KMDD0227 recorded multiple intersections including 4.32 m at 133.40 g/t Au, 4 g/t Ag and 0.25% Cu (133.82 g/t AuEq, 4.21 m true width) at the K1 Vein. KMDD0238 recorded multiple intersections including 4.20 m at 13.22 g/t Au, 6 g/t Ag and 0.20% Cu (13.59 g/t AuEq, 3.02 m true width) at the K1 Vein. KMDD0234 recorded multiple intersections including 10.00 m at 10.11 g/t Au, 10 g/t Ag and 0.28% Cu (10.64 g/t AuEq, 7.95 m true width) at the K2 Vein.

Long sections of K1 and K2 showing the location of the latest drill holes are provided in Figures 1 and 2, respectively. Long section showing Kora drilling to date is provided in Figure 3.

(Gold Equivalent (AuEq) is calculated using copper price of US$3.05/lb, silver price of US$16.05/oz and gold price of US$1,400/oz.)

John Lewins, K92 Chief Executive Officer and Director, stated, “We continue to be very pleased with the high-grade pedigree and continuity from the drilling results at Kora. All twelve holes intersected mineralization with five intersections exceeding +10g/t AuEq and fifteen intersections exceeding +5g/t AuEq. Highlights from the drilling results included: 6.21 m at 48.11 g/t Au, 13 g/t Ag and 1.05% Cu (49.82 g/t AuEq, 5.06 m true width) and 4.32 m at 133.40 g/t Au, 4 g/t Ag and 0.25% Cu (133.82 g/t AuEq, 4.21 m true width), both from the K1 Vein. Once again, a bulk mineable intersection was also reported of 23.66 m at 13.61 g/t Au, 13 g/t Ag and 0.84% Cu (15.02 g/t AuEq, 19.15 m true width) when combining the K1, K Link and K2 veins. To date, multiple bulk mineable areas have been identified and studies to assess the optimal extraction approach will be part of the Stage 3 Expansion Definitive Feasibility Study.

As we advance exploration at Kora through the remainder of 2020 and into 2021, we are especially excited about the progress made advancing underground infrastructure to drill test the southern strike extension. Our most southern drill cuddy DDC14 was completed in July, and we received the results from our first hole drilled with KMDD0225 reporting 9.00 m at 4.41 g/t Au, 39 g/t Ag and 3.59% Cu (10.21 g/t AuEq, 4.57 m true width) in the K2 Vein. Development continues to advance to the south and our plan is to have our next drill cuddy established to test beyond the mining lease, into Kora South in Q4.
Lastly,
we highlight that exploration activities are increasing significantly.
Our two new, multi-powered surface drill rigs are expected to arrive on
site imminently, increasing the number of drill rigs to nine. By the end
of this year we will plan to have ten drill rigs operating and
self-funded from mine cash flow. This is enabling the testing of

multiple targets concurrently and we plan to provide updates near-term.”

K92 starts drill program on Judd system at Kainantu

K92 Mining Inc. has released preliminary underground bulk sample results from the Judd vein system at the Kainantu gold mine in Papua New Guinea. The Judd Vein System is located near-mine infrastructure, ~100-150m North-East from the producing Kora deposit and consists of four known veins, with the bulk sample from Judd #1 Vein. The Judd Vein System has seen very limited exploration, has four known veins and has a target strike length of approximately 2.5 km sub-parallel to Kora. Historical drilling results from previous owners include 3m at 278.2 g/t Au and 0.21% Cu, 9m at 8.32 g/t Au and 1.11% Cu (core length), and K92 intersected Judd in a surface drill hole targeting Kora, ~500m to the South of those historical holes 4.7m at 4.98 g/t Au, 0.02% Cu and 17 g/t Ag (5.22 g/t AuEq, 4.2m true thickness) {୘ } see September 9, 2019 press release K92 Mining Announces Latest High-Grade Drill Results from Kora. The results mark the first significant exploration activity undertaken on Judd by K92.

https://www.stockwatch.com/News/Item/?bid=Z-C:KNT-2959301

Moin moin,

was ist hier los? Steil abwärts - minus 10%.
Ist das nur die Korrektur des steilen Anstieges oder gibt es politischen Ärger in PNG

LG Vatapitta

Hat es vielleicht was mit dem heutigen "Hexensabbat" zu tun?

Zitat von Sweden

Hat es vielleicht was mit dem heutigen "Hexensabbat" zu tun?

Würde hier keinen Zusammenhang sehen. Gold ist bisher recht stabil, andere Minenwerte auch.

Gruß

Magellan

https://postcourier.com.pg/barrick-niugini-appeals-decision/

Hängt vllt. mit einer am 22.9.20 anstehenden Entscheidung in Sachen Barrick zusammen.