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- K92 Mining (OTCQX:KNTNF) on Wednesday reported quarterly production of 24,347 ounces gold equivalent or 21,661 oz gold, 1,246,639 lbs copper and 26,754 oz silver, and quarterly sales of 19,064 oz gold, 898,578 lbs copper and 18,467 oz silver.
- John Lewins, K92 (OTCQX:KNTNF) Chief Executive Officer and Director, said, “The impact of the Form 29 (temporary suspension of underground operations) on the first and second quarter has, to some extent, hidden many significant operational bright spots, particularly in terms of plant throughput capabilities, metallurgical recoveries…”
- As a result, K92 Mining (OTCQX:KNTNF) reiterated operational guidance of 120,000 to 140,000 oz AuEq production at $820 to $880/oz Au cash costs and $1,440 to $1,540/oz Au all-in sustaining costs, with production likely in the lower half of the range.
- During the second quarter, the process plant delivered tonnes processed of 95,582 tonnes, with a head grade averaging 8.5 g/t AuEq or 7.5 g/t gold, 0.62% copper and 10.6 g/t silver.
- Source: Press Release