Top 10 lowest cost gold mines in Africa in 2020 - report
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Beiträge von MontevonZott
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Top 10 lowest cost gold mines in Africa in 2020 - report
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Endeavour Reports Strong Q1-2021 Results
Q1-2021 HIGHLIGHTS- Strong Q1-2021 performance with production up +102% over Q1-2020 to 347koz, while AISC decreased by 3% to $868/oz
- Well positioned to meet FY-2021 guidance of 1,365-1,495koz at AISC of $850-900/oz following successful integration of Teranga assets
- Adjusted Net Earnings up $78m over Q1-2020 to $105m; up 111% on a per share basis to $0.50/sh
- Operating Cash Flow before working capital up $170m over Q1-2020 to $265m; up 47% on a per share basis to $1.28/sh
- Healthy balance sheet at quarter-end with a net debt to adjusted LTM EBITDA ratio of 0.16x, reflecting the consolidation of Teranga debt
- Strong focus on shareholder returns with first dividend of $60m paid on February 5, 2021, and $13m of shares repurchased post the quarter-end
- Organic growth on track with construction of Sabodala-Massawa Phase 1 expansion on schedule for completion by year-end; DFS underway for Sabodala-Massawa Phase 2 expansion, Fetekro, and Kalana projects
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K92 Mining Announces Grant of Stock Options
VANCOUVER, British Columbia, May 03, 2021 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) announces the grant of 2,420,000 stock options to employees, directors and consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $8.02 per share, expire five years from the date of grant, and vest in increments over twelve months from the date of grant.
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K92 Mining Announces Latest High-Grade Drill Results at Kora, Including 7.20 m at 64.88 g/t AuEq
- Drill Hole KMDD0266 records multiple intersections including 7.20 m at 64.88 g/t gold equivalent (“AuEq”)(1) or 59.00 g/t Au, 56 g/t Ag and 3.89% Cu from the K1 Vein.
- Drill Hole KMDD0280 records multiple intersections including 6.82 m at 37.19 g/t AuEq or 34.80 g/t Au, 22 g/t Ag and 1.59% Cu from the K2 Vein and 12.65 m at 13.45 g/t AuEq or 12.86 g/t Au, 6 g/t Ag and 0.39% Cu from the K1 Vein.
- Drill Hole KMDD0263 records multiple intersections including 7.84 m at 21.04 g/t AuEq or 17.52 g/t Au, 23 g/t Ag and 2.44% Cu from the K2 Hanging Wall Vein.
- Drill Hole KMDD0289 records multiple intersections including 3.05 m at 14.98 g/t AuEq or 12.47 g/t Au, 28 g/t Ag and 1.63% Cu from the K3 Vein.
- Drill Hole KMDD0271 records multiple intersections including 9.33 m at 21.63 g/t AuEq or 16.55 g/t Au, 47 g/t Ag and 3.37% Cu from the K2 Vein.
- Drill Hole KMDD0299 records multiple intersections including 12.26 m at 21.31 g/t AuEq or 19.38 g/t Au, 32 g/t Ag and 1.14% Cu from the K2 Vein.
- Drill Hole KMDD0266 records multiple intersections including 7.20 m at 64.88 g/t gold equivalent (“AuEq”)(1) or 59.00 g/t Au, 56 g/t Ag and 3.89% Cu from the K1 Vein.
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K92 HOSTS STATE DELEGATION
K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that on February 12, 2020, a State Delegation, including the Honorable James Marape, Prime Minister of Papua New Guinea, the Honorable Peter Numu, Governor of Eastern Highlands Province, and the Honorable Johnson Tuke, Minister for Mining and local Member of Parliament for Kainantu, met with representatives of K92.
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K92 Mining Named to 2021 OTCQX Best 50
K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce it has been named to the 2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. This is K92’s third consecutive year in the OTCQX Best 50 Ranking.
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K92 Mining Provides 2021 Operational Outlook
- Production in 2021 is expected to grow 16-36% year over year, with Gold Equivalent (“AuEq”) production of between 115,000 and 135,000 ounces.
- High margin production forecasted in 2021, with Cash Costs between $515-565 per ounce gold and All-in Sustaining Costs between $825-$875 per ounce gold.
- Exploration to increase significantly, with expenditures of $14-17 million projected in 2021. During the course of 2020, the drill rig fleet doubled to ten drill rigs. Our eleventh drill rig is expected to arrive on site imminently.
- Growth Capital Costs forecasted to be between $25-$30 million, which includes the ongoing twin incline development designed for up to 2 million tonnes per annum throughput, or 3 million tonnes per annum throughput with conveyors.
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Kirkland Lake To Sell Off Majority Of Stake In Novo Resources For $45.3 Million
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Interview with John Lewins on 18 Sep 2020, 15:41
K92 Mining (KNT) - Gold Producer Offers Rapid Organic Growth
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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.
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...auf die Minute genau...
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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.
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K92 MINING INC. REPORTS STRONG FOURTH QUARTER AND FULL-YEAR 2019 RESULTS AND RECORD ANNUAL PRODUCTION AND COSTS
Fourth Quarter 2019 Highlights
- Record quarterly cash costs of US$461 per gold ounce and all-in sustaining costs (AISC) of US$658 per gold ounce.
- Record quarterly gold equivalent (AuEq) production of 23,646 AuEq ounces, exceeding budget by 30% and increasing 23% from the third quarter.
- Record quarterly revenue totaling US$33.4 million, increasing 59% from the third quarter. The financial results do not include 4,167 oz of gold ounces held in inventory, which was sold in January due to longer concentrate drying times.
- Record net income for the three months ended December 31, 2019 of US$22.5 million or US$0.10 per share.
- Record operating cash flow (before working capital adjustments) for the three months ended December 31, 2019 of US$18,061,639 or US$0.09 per share.
- Record quarterly gross margin of 58%.
Full Year 2019 Highlights:
- Record annual cash costs of US$494 per gold ounce and AISC of US$680 per gold ounce. This was significantly below the upgraded guidance of US$560-$600/oz Au (originally $580-620/oz Au) and AISC of US$720-760/oz Au (originally US$780-820/oz Au).
- Record AuEq production of 82,256 AuEq ounces, increasing 91% from 2018. This exceeded the top end of the upgraded production guidance range of 72,000 to 80,000 AuEq oz.
- Record annual revenue of US$101.7 million, increasing 91% from 2018.
- Record net income for the twelve months ended December 31, 2019 of US$32.5 million or US$0.16 per share.
- Record operating cash flow (before working capital adjustments) for the twelve months ended December 31, 2019 of US$49,713,822 or US$0.24 per share.
- Record annual gross margin of 53%.
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K92 ANNOUNCES COVID-19 OPERATIONAL UPDATE AND RESPONSE PLAN
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Endeavour To Combine with SEMAFO to create a leading West African Gold Producer
- Creates top 15 global gold producer with +1 million ounces of gold production per year
- Creates a leading West African gold producer with six operations and an attractive growth pipeline
- Strengthens strategic positioning and enhances ability to manage risks
- Offers ability to deliver significant synergies at corporate, country and asset level
- Enhances capital market profile with greater ability to fund growth
- Exchange ratio of 0.1422x represents a 27.2% premium to the 20-day VWAP for SEMAFO and is accretive on all metrics to Endeavour
- Combined management team leverages the strong skillsets of both companies
- La Mancha strongly supports the transaction and commits to inject $100 million in the combined entity
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K92 Mining...GDXJ rebalance for Q1 effective at the close March 20, 2020
https://economicalpha.blog/2020/03/13/mvis-gdxj-rebalace-q1/
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John Lewins, CEO of K92 Mining, explains on BNN...
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Kommentar von Bryan Slusarchuk heute auf Twitter:
PI Financial ups K92 Mining target to $6 in report "KNT: Resource Growth on the Horizon Prompts Target Hike to C$6.00"
