Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets.
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K92 Mining grants options to buy 2.23 million shares
2020-02-03 11:48 ET - News Release
Mr. John Lewins reports
K92 MINING ANNOUNCES GRANT OF STOCK OPTIONS
K92 Mining Inc. has granted 2,234,000 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 $3.85 per share, expire five years from the date of grant and vest in increments over 12 months from the date of grant.
About K92 Mining Inc.
K92 Mining is engaged in the production of gold, copper and silver from the Kora and Kora North deposits of the Kainantu gold mine in Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine.
We seek Safe Harbor. -
Peter Imhof's Top Picks: Jan. 31, 2020
K92 MINING (KNT TSXV)
Most recently bought this week at $3.60.
K92 is a rapidly growing gold producer that continues to under-promise and over-deliver. It recently reported a record quarter of production that beat all estimates in terms of production as well as grade. The company has guided to production growth for 2020 of between 35 and 45 per cent. K92 has been mining the third-highest-grade gold mine over the past 12 months, only behind the extremely high-grade mines of Kirkland Lake. Investors should expect to see more drill results in the near future as well as a new resource within the next couple of months.
He expects it will be added to the GDX index.
https://www.bnnbloomberg.ca/pe…cks-jan-31-2020-1.1382976 -
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K92 Mining Announces Latest Drill Results From Kora, Including Multiple Deep High-Grade Intersections
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...interessanter Vergleich von K92 zu RNC Minerals in Bezug auf Ausgaben...
https://seekingalpha.com/artic…ld-juniors-worth-avoiding -
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." -
Interview with John Lewins: ...K92 is a once in a life oppertunity...
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Interiew: David Medilek, VP Business Development, K92 Mining
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K92 Mining Announces Latest High-Grade Drill Results From Kora North Extension
- Eleven underground and surface drill holes at Kora North, all reporting K1 and K2 vein mineralization, with a total of 12 vein intersections averaging greater than 10 g/t AuEq, including 4 separate vein intersections averaging greater than 20 g/t AuEq
- Drill Hole KMDD0162 records multiple intersections including 6.70 m at 120.6 g/t Au, 11 g/t Ag and 0.72% Cu (121.61 g/t AuEq) plus 9.20 m at 9.41 g/t Au, 14 g/t Ag and 1.20% Cu (11.43 g/t AuEq)
- Drill Hole KMDD0156 records multiple intersections including 5.46 m at 52.68 g/t Au, 7 g/t Ag and 0.46% Cu (53.48 g/t AuEq) plus 5.13 m at 12.61 g/t Au, 26 g/t Ag and 0.92% Cu (14.35 g/t AuEq)
- Drill Hole KMDD0164 records multiple intersections including 6.90 m at 34.55 g/t Au, 6 g/t Ag and 0.62% Cu (35.57 g/t AuEq) plus 13.30 m at 10.23 g/t Au, 51 g/t Ag and 1.43% Cu (13.05 g/t AuEq)
- Drill Hole KMDD0121 records multiple intersections including 10.13 m at 6.55 g/t Au, 24 g/t Ag and 0.39% Cu (7.50 g/t AuEq) plus 1.60 m at 12.58 g/t Au, 97 g/t Ag and 2.35% Cu (17.68 g/t AuEq)
- Drill Hole KMDD0123 records multiple intersections including 5.23 m at 10.78 g/t Au, 2 g/t Ag and 0.09% Cu (10.94 g/t AuEq)
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92 Mining Signs US$12.5 Million Agreement To Eliminate Contingent Payment With Barrick Gold Corporation
VANCOUVER, British Columbia, July 17, 2019 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce that K92 and Barrick Gold Corporation (“Barrick”), through its wholly-owned subsidiary, have entered into an amendment agreement (“Amendment Agreement”) amending the share sale agreement dated June 11, 2014 (“Original Agreement”). Under the amended terms, K92 will provide Barrick with a cash payment of US$12,500,000 within 60 days from the date of the Amendment Agreement, to eliminate the contingent payment arrangement under the terms of the Original Agreement which continued until March 6, 2025 (refer to K92’s consolidated interim financial statements for the three months ended March 31. 2019, filed on SEDAR for information on the contingent payments under the Original Agreement).
John Lewins, K92 Chief Executive Officer and Director, stated, “This is, I believe, a very good outcome for both companies. From the perspective of K92 this addresses a significant impediment to K92 being able to fully implement its exploration and development plans for the Kainantu Gold Mine, while from the Barrick perspective it brings certainty to the realization of further value from the sale process.
The amendment agreement also reflects the commitment that both companies have to Papua New Guinea and the growth of its mining industry, which will benefit from our exploration activities and the expansion of the Kainantu Mine.” -
K92 Mining Inc. Announces $18,000,600 Bought Deal Financing
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July 11, 2019 08:46 ET | Source: K92 Mining, Inc.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
TORONTO, July 11, 2019 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (“K92” or “KNT” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters”) to purchase, on a bought deal private placement basis, 9,474,000 common shares in the capital of the Company (the “Common Shares”) at a price of $1.90 per Common Share (the “Issue Price”), for aggregate gross proceeds of $18,000,600 (the “Offering”). The Company has also granted to the Underwriters an option to purchase an additional 1,421,100 Common Shares at the Issue Price, exercisable by the Underwriters, in whole or in part, for a period of up to two days prior to the closing of the Offering for additional gross proceeds of up to $2,700,090.
The Company plans to use the net proceeds of the Offering for general corporate and working capital purposes.
The Offering is scheduled to close on or about July 30, 2019, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the acceptance by the TSX Venture Exchange. The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada, and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. -
K92 Mining CEO John Lewins on BNN Blomberg
K92 takes on expansion at high-grade mine in Papua New Guinea
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K92 Mining Secures US$15 Million Loan and Offtake Agreement with Trafigura- Executed Loan Agreement with Trafigura for US $15 million for expansion of the Kainantu Gold Mine.
- Offtake Agreement covering 100% production of copper/gold concentrates at competitive industry terms with no minimum quantity requirements.- Continuing relationship with Trafigura, our offtake partner since the start of operations at Kainantu.
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K92 Mining Announces Record Tonnage Treated in Second Quarter With Gold Production 25% Above Budget From Kainantu Gold Mine
Q2 2019 Production highlights include:- Q2 production of 18,980 oz of gold, 261,800 lbs copper and 6,894 oz silver for a total of 19,652 gold equivalent (“AuEq”) oz
- Tonnage treated through the process plant increased by over 40% from the previous record quarter to 37,913 tonnes, at average grade of 16.7 g/t gold and 0.34% copper, achieving recoveries of 93.2% for gold and 92.5% for copper
- Kainantu Mine achieves three years without a lost time injuries (LTI’s) during Q2
- Production for first half of 2019 (“H1 2019”) is a record of 38,106 oz of gold, 525,900 lbs copper and 12,458 oz silver for a total of 39,437 AuEq oz
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K92 Mining Announces Exploration Update At Blue Lake Porphyry Prospect
K92 Mining Inc announced an update on exploration at the Blue Lake Porphyry Prospect located approximately 4 kilometers southwest of the Company’s Kora deposit at the Kainantu gold mine in Papua New Guinea. K92 has now completed three of the 6 planned holes of depth 400 to 600 metres as well as three shallow holes of depth 50 metres. Each of the three deep holes, KTDD0001/6/7, has intercepted extensive gold and copper mineralization in porphyry style propylitic chlorite-epidote-albite-magnetite alteration. The results are considered particularly encouraging given the distance between intercepts, indicating appreciable size potential. Hole KTDD0005 was abandoned at 106 metres due to bogging of rods and re-drilled as KTDD0006. The three shallow holes, KTDD0002/3/4, were designed to test the thickness, geometry and tenor of the mineralized lithocap. Significant gold intercepts were encountered in each of these short holes, associated with leached, silicified intrusives and hydrothermal breccias.
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K92 drills 303.3 m of 0.22 g/t Au, 0.14% Cu at Blue Lake
K92 has now completed three of the six planned holes of depth 400 to 600 metres as well as three shallow holes of depth 50 metres. Each of the three deep holes, KTDD0001/6/7, has intercepted extensive gold and copper mineralization in porphyry-style propylitic chlorite-epidote-albite-magnetite alteration as shown in images on the company's website. The results are considered particularly encouraging given the distance between intercepts, indicating appreciable size potential. Hole KTDD0005 was abandoned at 106 metres due to bogging of rods and redrilled as KTDD0006.
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Latest High-Grade Kora Drill Results
- Drill Hole KMDD0119, with a K2 intersection approximately 100 metres above the existing Kora North Resource and 100 metres below the existing Kora Resource, records multiple intersections including 49.46 m at 4.58 g/t Au, 33 g/t Ag and 1.09% Cu (6.80 g/t AuEq) plus 3.66 m at 39.88 g/t Au, 280 g/t Ag and 0.25% Cu (43.94 g/t AuEq)
- Drill Hole KMDD0146 records multiple intersections including 5.28 m at 53.85 g/t Au, 8 g/t Ag and 0.76% Cu (55.10 g/t AuEq) plus 11.00 m at 6.33 g/t Au, 8 g/t Ag and 0.40% Cu (7.05 g/t AuEq) plus 3.82 m at 8.81 g/t Au, 43 g/t Ag and 1.94% Cu (12.32 g/t AuEq)
- Drill Hole KMDD0148 records multiple intersections including 5.81 m at 8.36 g/t Au, 12 g/t Ag and 0.63% Cu (9.49 g/t Au Eq) plus 5.61 m at 19.22 g/t Au, 23g/t Ag and 1.58% Cu (21.92 g/t AuEq)
- Drill Hole KMDD0150 records multiple intersections including 6.72 m at 6.00 g/t Au, 12 g/t Ag and 0.79% Cu (7.36 g/t AuEq) plus 22.37 m at 2.51 g/t Au, 10 g/t Ag and 0.71% Cu (3.72 g/t AuEq) plus 7.26 m at 8.39 g/t Au, 17 g/t Ag and 0.40% Cu (9.22 g/t AuEq)
- Drill Hole KMDD0152 records multiple intersections including 7.45 m at 30.95 g/t Au, 5 g/t Ag and 0.44% Cu (31.69 g/t AuEq) plus 3.80 m at 2.80 g/t Au, 11 g/t Ag and 0.23% Cu (3.29 g/t AuEq)