- Record quarterly production of 39,101 ounces gold equivalent ("AuEq")(1) or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver, and quarterly sales of 31,931 oz gold, 2,995,585 lbs copper and 61,712 oz silver.
- Annual production of 117,607 ounces AuEq or 100,533 oz gold, 7,690,477 lbs copper and 160,628 oz silver, and annual sales of 96,013 oz gold, 7,446,581 lbs copper and 157,613 oz silver, exceeding the updated production guidance range of 111,000 to 116,000 ounces AuEq.
- Record quarterly ore processed of 151,908 tonnes or 1,651 tpd ("tonnes per day"), a 25% increase from Q4 2022 and 21% greater than the Stage 2A Expansion rate of 1,370 tpd. Importantly, during the quarter, multiple throughput records were achieved, with the latest daily throughput record achieved on November 19th, of 2,320 tonnes processed (See Fig 2), and a 7-day throughput record achieved in November averaging 2,136 tpd, 69% and 56% higher than the Stage 2A Expansion plant design rates, respectively(2). The plant performance records demonstrate not only a significant immediate opportunity with the Stage 2A plant having considerably greater capacity than expected, but also the potential for significantly greater capacity than the Stage 3 Expansion process plant's 1.2 million tpa ("tonnes per annum") design.
- Strong metallurgical recoveries achieved concurrent with the plant throughput records, of 91.7% for gold and 93.6% for copper. Head grade during the quarter of 8.7 grams per tonne ("g/t") AuEq or 7.4 g/t gold, 0.87% copper and 13.9 g/t silver.
- Record amount of ore mined of 155,062 tonnes and record total mined material (ore plus waste) of 347,529 tonnes, a 39% and 21% increase from Q4 2022, respectively. During the quarter, long hole open stoping performed to design.
- Record overall mine development of 2,649 metres, an increase of 19% from Q4 2022 and 19% from Q3 2023. As at December 31, 2023, the twin incline was over 98% complete from its 2.9 km design, with incline #2 (6m x 6.5m) advanced to 2,863 metres and #3 (5m x 5.5m) advanced to 2,838 metres.
K92 Mining Inc.: K92 Mining Announces Record Quarterly Production of 39,101 oz AuEq, Multiple Operational Records and Exceeds Annual Production Guidance
Record quarterly production of 39,101 ounces gold equivalent ("AuEq")(1) or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver, and quarterly sales of…
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