K92 Mining reported Q1 revenue of $236.3 million, driven by record production and stronger gold prices at its Papua New Guinea mine.
K92 Mining (TSE:KNT) reported a 63% year-over-year increase in first-quarter revenue to $236.3 million, supported by higher gold prices and expanded production from its Kainantu mine’s Stage 3 ramp-up. The company also achieved record cash, working capital, and net cash balances during the period.
Gold-equivalent production reached 46,743 ounces in Q1, with mill throughput of 142,017 tonnes. Management maintained its 2026 guidance of 190,000 to 225,000 ounces, expecting output to rise in the second half. Underground development hit record levels, contributing to strong recoveries.
The company is advancing Stage 4 expansion planning, infrastructure upgrades, and a higher exploration budget for 2026. Potential shareholder returns, including buybacks or dividends, may be considered late this year or early next.