K92 Mining reports Q2 revenue growth of 113.1% year-over-year but falls short of expectations by $4.18M.
K92 Mining posted Q2 GAAP earnings per share of $0.34 and revenue of $205.2 million, missing estimates by $4.18 million. The company reported strong production of 46,093 ounces of gold equivalent, including 42,931 ounces of gold, 1.78 million pounds of copper, and 50,109 ounces of silver.
Revenue surged 113.1% year-over-year, driven by higher production and sales volumes. Quarterly sales included 46,682 ounces of gold, 1.81 million pounds of copper, and 49,004 ounces of silver. Despite the miss, the company highlighted robust operational performance.
No immediate market reaction was disclosed in the release.