K92 Mining ups 2019 production guidance
K92 Mining (TSXV: KNT) reported on Thursday its operating and financial results for the second quarter, during which the Vancouver-based gold miner saw record tonnes processed and achieved total production of 19,652 oz gold-equivalent (AuEq) from the Kora North deposit with cash costs of $551/oz gold and AISC of $681/oz gold.
The Q2 production puts the company ahead of its production guidance and below the cost guidance provided at the beginning of the year, says CEO and director John Lewins.
As a result, the company has raised its 2019 production guidance to 72,000-80,000 oz AuEq and lowered its AISC cost guidance to $720-760/oz from $780-820/oz gold.
Net income for Q2 totaled $5.3 million, or $0.03 per share, compared with $4.1 million or $0.02 per share for prior-year quarter.
Shares of K92 Mining rose by 2% on Thursday. The company’s market capitalization is approximately C$537 million.
source: MINING.COM
Top News
Five last month
Two last year
Mali threatens to let Barrick mine permit lapse over dispute
China will hit peak copper around 2030, industry group says
Codelco suspends operations at copper refinery after worker’s death
Biden administration approves ioneer’s Nevada lithium mine
Could seaweed farms become the next generation of mines?
El-Erian says soaring gold is driven by dollar diversification
Gold price scales $2,800 amid US election uncertainty
Abandoned copper mines embraced as fast track to boost output
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Glencore posts lower metals output for first nine months, reiterates outlook
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Gold price scales $2,800 amid US election uncertainty
Nornickel raises 2024 production guidance for all metals
CHART: Copper price is being held hostage by Beijing
Nornickel raises 2024 production guidance for all metals
El-Erian says soaring gold is driven by dollar diversification
Gold stocks’ secular breakout
China will hit peak copper around 2030, industry group says
China will hit peak copper around 2030, industry group says
Glencore posts lower metals output for first nine months, reiterates outlook
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Gold price scales $2,800 amid US election uncertainty
CHART: Copper price is being held hostage by Beijing
El-Erian says soaring gold is driven by dollar diversification
Gold stocks’ secular breakout
Mali threatens to let Barrick mine permit lapse over dispute