Key Points – Record second-quarter operating performance: K92 produced 46,093 gold-equivalent ounces, processed a quarterly-record 225,965 tonnes, and achieved 93.8% recovery.
The company reiterated its 2026 production guidance, with stronger output expected in the second half. – Financial strength supports expansion: Revenue rose 113% year over year to $205.2 million, while cash and equivalents reached a record $349.4 million
Stage 3 and Stage 4 expansion projects remain on track, targeting 300,000 and more than 400,000 gold-equivalent ounces of annual run-rate production, respectively. – Exploration continues to add growth potential: Drilling at Arakompa identified high-grade gold lodes and prospective copper-gold porphyry zones, with a maiden resource estimate planned for the second half of 2026. Exploration also continues at the Kora, Judd, Wira and Mati targets. K92 Mining (TSE:KNT) reported record mining and processing activity in the second quarter of 2026, alongside revenue of $205.2 million and a record $349.4 million cash balance, as the company advanced its Stage 3 and Stage 4 expansion projects at the Kainantu mine in Papua New Guinea.
Chief Executive Officer and Director John Lewins said Kainantu produced 46,093 gold-equivalent ounces during the quarter. Mill throughput reached a quarterly record of 225,965 tonnes, while head grade was 6.7 grams per tonne gold equivalent. Gold recovery was 93.8%, exceeding the updated definitive feasibility study parameter for the ninth consecutive quarter.