K92 Mining Q1 Earnings Call Highlights

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Sat, May 16, 2026 astatine 8:08 AM CDT 8 min read

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Revenue jumped 63% twelvemonth implicit twelvemonth to $236.3 million, helped by stronger golden prices and higher accumulation from the Kainantu mine’s Stage 3 ramp-up. K92 besides reported grounds cash, moving capital, and nett currency balances.
The institution produced 46,743 gold-equivalent ounces successful Q1 arsenic the caller Stage 3 works operated with beardown recoveries and underground improvement deed grounds levels. Management reiterated 2026 guidance of 190,000 to 225,000 gold-equivalent ounces, with output expected to beryllium weighted toward the 2nd half.
K92 is pushing up with enlargement and exploration, including Stage 4 planning, a paste capable system, infrastructure upgrades, and a higher 2026 exploration budget. The institution besides said it is considering imaginable shareholder returns, with buybacks oregon dividends perchance coming late this twelvemonth oregon aboriginal adjacent year.

K92 Mining (TSE:KNT) reported higher first-quarter gross and grounds currency balances arsenic accumulation astatine its Kainantu Gold Mine successful Papua New Guinea benefited from the commissioning of its Stage 3 processing works and continued underground improvement gains, absorption said connected the company’s first-quarter 2026 net call.

Chief Executive Officer and Director John Lewins said the 4th included “strong” operational, fiscal and task transportation performance, portion besides acknowledging a fatal contractor incidental during the period. The institution produced 46,743 gold-equivalent ounces successful the quarter, with mill throughput of 142,017 tonnes and a caput people of 10.9 grams per tonne golden equivalent.

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Cash costs were $785 per ounce of golden and all-in sustaining costs were $1,421 per ounce connected a byproduct basis. On a co-product basis, currency costs were $991 per gold-equivalent ounce and all-in sustaining costs were $1,587 per gold-equivalent ounce.

Revenue rises 63% arsenic golden prices assistance results

Chief Financial Officer Justin Blanchet said K92 generated gross of $236.3 cardinal successful the archetypal quarter, up 63% from the aforesaid play a twelvemonth earlier. The institution sold 44,854 ounces of golden astatine an mean selling terms of $4,641 per ounce, compared with 45,886 ounces astatine an mean selling terms of $2,739 per ounce successful the prior-year period.

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Cost of income roseate to $57.3 cardinal from $34.1 cardinal a twelvemonth earlier, oregon to $45.5 cardinal from $27.4 cardinal excluding non-cash items. Blanchet said the summation reflected importantly higher tonnes mined and processed arsenic the institution ramped up enactment tied to the Stage 3 expansion.

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