K92 Mining Inc(TSX:knt)

K92 Mining is a Vancouver, Canada headquartered, rapidly growing gold producer that owns the high-grade Kainantu Goldmine in Papua New Guinea (PNG).

Investor website: https://www.k92mining.com/

About

K92 Mining is a Vancouver, Canada headquartered, rapidly growing gold producer that owns the high-grade Kainantu Goldmine in Papua New Guinea (PNG). Since restarting operations in October 2016, K92 has delivered eight consecutive years of gold production growth, achieving 174 koz AuEq in 2025. The mine has operated at a head grade of approximately 10 g/t AuEq, placing it among the highest-grade operations globally. K92 has received several accolades, including the 2021 Thayer Lindsley Award for Best Global Discovery and recognition as a 2022 TSX 30 Company. The company is focused on expansion and exploration, with significant increases in resources reported in December 2023.

Verified company data

Cash position
$40M
Shares outstanding
245.1M
Fully diluted shares
247.1M
Mineral resource
In February 2022, following extensive underground drilling focused on upgrading Inferred resources to Measured & Indicated, K92 announced its updated Kora Resource of 2.1 moz at 9.2 g/t AuEq (7.7 g/t Au, 18 g/t Ag, 0.9% Cu) Measured and Indicated and 2.5 moz at 9.5 g/t AuEq (7.1 g/t Au, 27 g/t Ag, 1.4% Cu) Inferred. In addition, a maiden Judd Resource was announced just over a year after the discovery of high-grade underground mineralization in Q4 of 2020. The Judd main resource currently stands at 0.13 moz at 11.0 g/t AuEq (9.7 g/t Au, 18 g/t Ag, 0.7% Cu) Measured and Indicated and 0.18 moz at 5.7 g/t AuEq (4.2 g/t Au, 11 g/t Ag, 0.9% Cu) Inferred. In December 2023 K92 Mining announced yet another resource update for the Kora and Judd deposits which was achieved over a period of less than two years and at a discovery cost of less than US$7.5 per ounce gold equivalent. The combined Kora and Judd Measured and Indicated resource increased +13%, net of depletion, to 8.1 million tonnes at 10.00 g/t AuEq (7.8 g/t Au, 21 g/t Ag, 1.2% Cu) for 2.6 million ounces AuEq, and the Inferred resource increased +70%, net of depletion, to 16.5 million tonnes at 8.48 g/t AuEq (5.7 g/t Au, 27 g/t Ag, 1.5% Cu) for 4.5 million ounces AuEq.
Projects
["Kainantu Mine: K92 Mining is focused on operating and expanding the Kainantu Gold Mine, located in Eastern Highlands province, Papua New Guinea. Since acquiring the project from Barrick Gold in 2014 and restarting in late-2016, K92 has transformed Kainantu into a rapidly growing, long-life producer supported by a substantial and expanding mineral resource base. Production has also been low cost, which is a testament to the high grade, continuity, solid thickness, geotechnical and metallurgical characteristics of the deposit. The transformation was driven by a series of near-mine infrastructure exploration discoveries. In May 2017, a near-mine infrastructure discovery of Kora North was made. This discovery ultimately combined the Kora, Eutompi and Kora North deposits into what is now known as the Kora deposit. Operations are undertaking multiple stages of expansion, with Stage 2 Expansion run-rate achieved in late-2021, Stage 2A Expansion completed in May 2023 to increase throughput by +50% to +600,000 tpa (upgraded from 500,000 tpa), Stage 3 Expansion construction and commissioning are complete with throughput increasing to 1.2 mtpa, and a Stage 4 Expansion scheduled for commissioning in the second half of 2027 bringing throughput to 1.8 mtpa. Exploration is self-funded and remains a major focus, with up to 14 drill rigs operating across multiple targets. Kainantu has a large ~830km2 land package in the land of large Tier 1 Gold Assets. The property hosts many highly prospective vein field and porphyry targets. Multiple targets are being drill tested concurrently."]
Leadership
John Lewins (CEO & Director, Mineral Engineer with over 40 years’ experience in the mining industry, previously worked in Africa, Australia, Asia, North America, and the former Soviet Union.), David Medilek (President & COO, Mining professional with over 18 years of experience in mining capital markets, corporate strategy, and technical operations.), Justin Blanchet (CFO, Experienced in financial reporting, regulatory compliance, treasury, and audit for publicly listed companies.), Chris Kinver (VP Projects & Engineering, Mining Engineer with approximately 20 years of experience in underground operations and mine development.), Robert Smillie (VP Exploration, Mineral exploration executive with over 35 years in the mining industry, specializing in epithermal gold and copper-gold systems.), Nancy La Couvée (Corporate Secretary, Over 20 years of experience providing governance and compliance services for international publicly listed companies.), Stanley Komunt (VP Community Affairs and External Relations, Community and government relations leader with over 25 years in the mining industry.), Daisy Taylor (Papua New Guinea Govt. & Community Affairs Advisor, Png Director, Over 30 years of business leadership experience in Papua New Guinea.), Philip Samar (Senior Advisor, Government and Community Affairs, Mining Engineer with 20 years at the Mineral Resources Authority of Papua New Guinea, including 6 years as Managing Director.)

Verified data last updated: 2026-06-12

Recent filings

Investor FAQ