K92 Mining Named In 2020 OTCQX Best 50
K92 Mining Inc has announced it has been named to the 2020 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 US and international companies traded on the OTCQX market.
The OTCQX is the top tier of the three marketplaces for the over-the-counter trading of stocks.
The OTCQX is provided and operated by the OTC Markets Group. Stocks that trade on this forum must meet more stringent qualification criteria compared to the other tiers.
The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year.
Companies in the 2020 OTCQX Best 50 were ranked based on their performance in 2019, and K92 Mining came out within the top tier level in the list at number 3 out of 50 other companies.
“K92 is extremely pleased to be named in the OTCQX® Best 50 for the second consecutive year.
This reflects our operational performance during 2019 in which K92 increased gold equivalent production 74 per cent from the previous year, exceeded the top end of our upgraded annual production guidance, and made significant progress from exploration, both near-mine and regionally.
“From a production perspective, we are well underway with our Stage 2 expansion, announced in March 2019, which will double our throughput from 200,000 tpa to 400,000 tpa.
“In exploration, the number of drill rigs increased three-fold from 2018, resulting in accelerated lateral and vertical deposit extent growth at Kora / Kora North while also making considerable progress regionally at Blue Lake,” K92 Chief Executive Officer, John Lewins stated.
He added that highlight drill results from Kora North in 2019 also set new record high grades at the Kainantu Gold Mine.
“K92 will soon be publishing 2020 production guidance and during the first half of 2020 plans to complete an updated resource estimate for Kora / Kora North, and a Stage 3 Expansion Preliminary Economic Assessment (“PEA”).”
The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies.
To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
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