K92 Mining
K92 Mining is a mining company that operates the Kainantu Gold Mine in Papua New Guinea and has been recognized for its significant contributions to the mining sector, including receiving the Thayer Lindsley award for Best Global Discovery in 2021.
K92 Mining Services
K92 Mining is focused on the exploration and development of gold mining projects. The company owns and operates the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea. With a primary emphasis on gold production, K92 Mining has successfully expanded its operations over the years and continues to explore new mining projects.
History of K92 Mining
K92 Mining has seen significant developments in recent years, beginning with the commissioning of the Stage 2 Expansion in 3Q20, which doubled throughput to 400ktpa. Then, in 2Q23, the company completed the Stage 2A Expansion, increasing throughput by 25% to 500ktpa. In December 2022, K92 Mining announced the approval for Stage 3 and 4 expansions. The Stage 3 Expansion DFS projects an annual production of over 291koz AuEq with an average AISC of $716/oz, while the Stage 4 Expansion PEA outlines a run-rate production of more than 470koz AuEq per annum with an average AISC of $674/oz.
Kainantu Gold Mine Operations
K92 Mining operates the Kainantu Gold Mine, an advanced underground gold mine located in the Eastern Highlands province of Papua New Guinea. The mine has been a significant asset, with throughput expansions leading to increased production capacity. Currently, the company is working on further expansions with plans to commission the Stage 3 process plant by the end of 1Q25. The company has set an ambitious production target supported by ongoing drilling operations with up to 11 rigs.
Industry Recognitions
K92 Mining has received multiple recognitions for its contributions to the mining sector. It was named a TSX Top 30 performing company in 2022. Additionally, the company received the Thayer Lindsley award in 2021 for the Best Global Discovery, demonstrating its excellence and capability in mineral exploration and mining.