K92 Mining Announces Q2 2025 Financial Results - Commissioning of Stage 3 1.2 mtpa Process Plant on Track for Completion in First Half of Q4 2025

About this update from K92 Mining, Inc.

[{"type":"text","content":"K92 Mining Announces Q2 2025 Financial Results – Commissioning of Stage 3 1.2 mtpa Process Plant on Track for Completion in First Half of Q4 2025\n\n\n\n VANCOUVER, British Columbia, Aug. 11, 2025 (GLOBE NEWSWIRE) --\n \n K92 Mining Inc\n \n . (“\n \n K92\n \n ” or the “\n \n Company\n \n ”) (TSX\n \n : KNT;\n \n OTCQX\n \n : KNTNF)\n \n is pleased to announce financial results for the three and six months ended June 30, 2025.\n \n\n\n Production\n \n\n\n\n Strong quarterly production of 34,816 ounces gold equivalent (“\n \n AuEq\n \n ”)\n \n (1)\n \n or 32,375 oz gold, 1,536,505 lbs copper and 42,824 oz silver, representing a 43% increase from Q2 2024. With 82,633 oz AuEq produced during the first six months of 2025, which is ahead of budget, and the second half forecasted to be the strongest, as outlined in our 2025 operational outlook (see\n \n January 23, 2025 press release\n \n ), the Company re-iterates its annual operational production guidance of 160,000 to 185,000 oz AuEq.\n \n\n Net of by-product credit basis cash costs of $786/oz gold and all-in sustaining costs (“\n \n AISC\n \n ”) of $1,408/oz gold\n \n (\n \n\n 2\n \n\n )\n \n and co-product basis cash costs of $907/oz AuEq and AISC of $1,489/oz AuEq\n \n (\n \n\n 2\n \n\n )\n \n .\n \n\n Strong metallurgical recoveries in Q2 of 93.3% for gold and 94.9% for copper. The process plant has now delivered four consecutive quarters exceeding the Updated Definitive Feasibility Study (“\n \n Updated DFS\n \n ”) recovery parameters for both gold (92.6%) and copper (94.2%) (\n \n January 1, 2024 effective date\n \n ).\n \n\n Quarterly ore processed of 130,337 tonnes and total ore mined of 133,063 tonnes, with long hole open stoping performing to design, and 2,466 metres of total mine development.\n \n\n Head grade of 8.9 grams per tonne (“\n \n g/t\n \n ”) AuEq or 8.3 g/t gold, 0.55% copper and 12.1 g/t silver.\n \n\n\n\n\n Financials\n \n\n\n\n Record cash, cash equivalent and term deposits totaling $182.9 million, including a record $123.8 million net cash position.\n \n\n Quarterly revenue of $96.3 million, an increase of 102% from Q2 2024.\n \n\n Quarterly net income of $39.2 million or $0.16 per share, an increase of 539% from Q2 2024.\n \n\n Operating cash flow (before worki...

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