Business
K92 Mining Announces Strong Q1 2026 Financial Results – Record Quarterly Revenue, Net Income, Operating Cash Flow, EBITDA and Net Cash Position
VANCOUVER, British Columbia, May 11, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce
About this update from K92 Mining, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, May 11, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce financial results for the three months ended March 31, 2026. Production Strong quarterly production of 46,743 ounces gold equivalent (“AuEq”)(1) or 44,022 oz gold, 1,696,714 lbs copper and 38,845 oz silver, in line with budget. The Company reiterates its 2026 annual production guidance of 190,000 to 225,000 oz AuEq. Net of by-product credit basis cash costs of $785/oz gold and all-in sustaining costs (“AISC”) of $1,421/oz gold(2), co-product basis cash costs of $991/oz AuEq and AISC of $1,587/oz AuEq(2). Quarterly ore processed of 142,017 tonnes, a 37% increase from Q1 2025, with a head grade of 10.9 grams per tonne (“g/t”) AuEq, or 10.2 g/t gold, 0.6% copper and 11 g/t silver, with a positive gold and copper grade reconciliation versus the latest independent mineral resource estimate (September 12, 2023 effective date for Kora and Judd). Strong metallurgical recoveries in Q1 of 95.1% for gold and 94.0% for copper, exceeding the updated definitive feasibility study (“Updated DFS”) recovery parameters for gold (92.6%) and performing in line for copper (94.2%) (January 1, 2024 effective date). The new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant has continued to perform well since the commencement and completion of commissioning in September and December 2025, respectively. Record quarterly mine development of 3,007 metres (a 21% increase from Q1 2025), including a new monthly development record of 1,067 metres in March 2026, with lateral development rates now exceeding the Stage 3 Expansion requirement of 1,000 metres per month. Subsequent to quarter end, the Company achieved a new monthly development record of 1,109 metres in April. Quarterly total material mined (ore plus waste) of 378,430 tonnes and quarterly ore mined of 154,104 tonnes, with long hole open stoping performing to design, and record quarterly tonnes to surface of 410,356 tonnes, highlighting the positive impact of the first material pass, the commencement of surface trucks operating in the Twin Incline and the completion of the Decline-Incline Convergence Project connecting the Main Mine with the Twin Incline via internal ramp access in late January 2026. Financials Record cash and cash equivalent...