K92 Mining Posts Record Production
The production of K92 Mining for the last quarter of 2020 at its Kainantu gold mine in Papua New Guinea were as follows: 29,820 oz AuEq or 28,809 ounces of gold, 493,584 pounds of copper and 10,395 ounces of silver.
The firm has also said that it represented a year-over-year production growth of 20% - with the record of 98,872 oz AuEq or 95,109 oz gold, 36,067 oz silver, 1,853,078 lbs copper.
“We are especially pleased with the performance of the Kainantu gold mine during the fourth quarter, achieving record production. Importantly, the quarter was underpinned by record mill throughput, mine material movements and mine development,” CEO and Director John Lewins said.
He added, “2020 represents our third consecutive year of production growth and 2021 promises to continue that record with our first full year of the Stage 2 Expansion. Exploration activities have ramped up considerably, ending 2020 with 10 drill rigs on-site and an eleventh rig expected to arrive shortly. The drill rigs are targeting the Judd, Karempe, Kora and Kora South vein systems, and the Blue Lake porphyry.”