Canadian miner K92 Mining Inc. reported first-quarter production of 46,743 ounces of gold equivalent from its Kainantu mine in Papua New Guinea, supported by strong grades and steady operational performance.
Gold output reached 44,022 ounces, alongside 1.7 million pounds of copper and 38,845 ounces of silver. Quarterly sales totalled 44,854 ounces of gold, 1.87 million pounds of copper and 41,467 ounces of silver.
President and chief executive officer John Lewins said the company had delivered a “strong start to 2026”, with production broadly in line with expectations despite sequencing across mining areas.
Lewins highlighted continued outperformance in key operating metrics, noting that metallurgical recoveries remained above feasibility study assumptions, while processed tonnes increased year on year.
He also pointed to record lateral underground development during the quarter, exceeding planned rates and positioning the operation well for its Stage 3 expansion. “Development rates continue to track ahead of plan, providing increased operational flexibility and supporting future production growth,” he said.
K92 is progressing a staged expansion of the Kainantu Gold Mine, targeting higher throughput and sustained output increases from its high-grade gold-copper system.
The company maintained its 2026 production guidance of 190,000 to 225,000 ounces of gold equivalent, with output expected to be weighted towards the second half of the year as additional mining fronts are brought online.
K92 said it remains focused on advancing expansion works while maintaining cost discipline and operational consistency at Kainantu, one of Papua New Guinea’s highest-grade producing gold mines.
