|Bid||1.9800 x 0|
|Ask||1.9900 x 0|
|Day's Range||1.9200 - 1.9900|
|52 Week Range||0.6700 - 2.6700|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||9.66|
|Earnings Date||Aug 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.92|
OTCQB: KNTNF) announces the grant of 1,265,000 stock options to employees and consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $1.92 per share, expire five years from the date of grant, and vest in increments over twelve months from the date of grant. K92 Mining Inc. is engaged in the production of gold, copper and silver from the Kora/Kora North deposit of the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and has commenced an expansion of the mine.
Drill Hole KMDD0166 records multiple intersections including 7.43 m at 24.52 g/t Au, 4 g/t Ag and 0.35% Cu (25.14 g/t AuEq) plus 3.97 m at 16.55 g/t Au, 5 g/t Ag and 0.34% Cu.
OTCQX: KNTNF) is pleased to announce that K92 has now paid out the final outstanding gold ounces owed to Cartesian Royalty Holdings II (“CRH”) under the Gold Prepayment Agreement (“GPA”) which formed part of the financing agreements with CRH (refer to K92’s consolidated interim financial statements for the three and six months ended June 30, 2019, filed on SEDAR and the Company’s website for information on the GPA). The Company now has no outstanding liabilities or obligations to CRH. John Lewins, K92 Chief Executive Officer and Director, stated, “K92 is extremely pleased to have closed out this final part of the original financing agreement with CRH which provided the funds used to refurbish the process plant and mine, allowing the Company to restart the Kainantu Mine.
OTCQX: KNTNF) is pleased to announce that K92 has now paid US$12.5 million to Barrick Gold Corporation (“Barrick”) under the Amendment Agreement previously announced on July 17, 2019. Under the terms of the Amendment Agreement, K92 was to provide Barrick with a cash payment of US$12.5 million within 60 days from the date of the Amendment Agreement to eliminate the contingent payment arrangement under the terms of the share sale agreement dated June 11, 2014 (“Original Agreement”) which would have been effective until March 6, 2025 (refer to K92’s consolidated interim financial statements for the three months ended March 31, 2019, filed on SEDAR and the Company’s website for information on the contingent payments under the Original Agreement).
OTCQB: KNTNF) is providing an update to shareholders regarding the trading activity of its common shares (“Shares”) on the TSX Venture Exchange and OTCQX. K92 is aware of various media reports on recent negotiations between Barrick Gold Corporation and the Government of Papua New Guinea relating to the renewal of the special mining lease for the Porgera Mine. While K92 is not a party to those negotiations and has no affiliations with the Porgera Mine, K92 believes that some of these reports may have inadvertently caused some confusion and contributed to recent volatility in the Company’s share price.
For the three months (brackets six months) ended June 30, 2019, K92 sold 18,824 (37,240) gold oz for the period at a cost of US$551/oz1 ($472/oz1) and an all-in sustaining cost.
K92 provides an update on the Kora Expansion Project at the Kainantu Gold Mine: Installation of Gravity Circuit complete and commissioning underway, which is expected to.
OTCQB: KNTNF) announces that, further to the Company’s press release dated July 11, 2019, the Company has closed its bought deal private placement for aggregate gross proceeds of $20,700,690, pursuant to which the Company issued 10,895,100 common shares (the “Shares”) at a price of C$1.90 per Share (the “Offering”). The Offering was led by Clarus Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters which included PI Financial Corp., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Cormark Securities Inc., Eight Capital, GMP Securities L.P., and Haywood Securities Inc. (collectively, the “Underwriters”).
Offtake Agreement for 100% production of copper/gold flotation concentrate at competitive terms. OTCQB: KNTNF) is pleased to announce that, further to its news release dated July 2, 2019, K92 has received the US $15 million loan (the “Loan”) from Trafigura Pte Ltd. (“Trafigura”), a market leader in the global commodities industry, pursuant to a loan agreement.
Eleven underground and surface drill holes at Kora North, all reporting K1 and K2 vein mineralization, with a total of 12 vein intersections averaging greater than 10 g/t AuEq,.
OTCQX: KNTNF) is pleased to announce that K92 and Barrick Gold Corporation (“Barrick”), through its wholly-owned subsidiary, have entered into an amendment agreement (“Amendment Agreement”) amending the share sale agreement dated June 11, 2014 (“Original Agreement”). Under the amended terms, K92 will provide Barrick with a cash payment of US$12,500,000 within 60 days from the date of the Amendment Agreement, to eliminate the contingent payment arrangement under the terms of the Original Agreement which continued until March 6, 2025 (refer to K92’s consolidated interim financial statements for the three months ended March 31.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. OTCQB: KNTNF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters”) to purchase, on a bought deal private placement basis, 9,474,000 common shares in the capital of the Company (the “Common Shares”) at a price of $1.90 per Common Share (the “Issue Price”), for aggregate gross proceeds of $18,000,600 (the “Offering”).
OTCQX: KNTNF) is pleased to announce record throughput in Q2, with production 25% above budget at 19,652 oz AuEq for the second quarter of 2019 (“Q2”) at its Kainantu Gold Mine in Papua New Guinea. Mining operations in Q2 continued to focus on Kora North and comprised cut and fill stope mining from the K1 vein from the 1185 and 1205 mRL level as well as development tonnes from the K2 vein on the 1170 mRL level and K1 on the 1205 mRL level.
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The second of the six planned 400 to 600 metre deep holes intersected 219.6 metres at 0.16 g/t Au and 0.11 % Cu, including 147.7 metres at 0.21 g/t Au and 0.13% Cu from 456.9.
OTCQX: KNTNF) is pleased to announce the appointment of Warren Uyen as Senior Vice President Operations and David Medilek as Vice President Business Development and Investor Relations. Mr. Uyen is a Mining Engineer with over 30 years’ experience in the Mining Industry in Australia and Asia. He has extensive experience in the management of both open pit and underground mines covering project development and operations.
VANCOUVER, British Columbia, June 04, 2019 -- Drill Hole KMDD0119, with a K2 intersection approximately 100 metres above the existing Kora North Resource and 100 metres below.
For the three months ended March 31, K92 produced 19,125 gold ozs or 19,778 gold equivalent (AuEq) oz for the year at a cost of US$377/gold oz or US$395/gold equivalent oz and.
Drill Hole KMDD0128 records multiple intersections including 2.05 m at 363.91 g/t Au, 17 g/t Ag and 0.08% Cu (364.25 g/t AuEq) plus 11.45 m at 7.61 g/t Au, 22 g/t Ag and 1.26%.
For the year ended December 31, 2018, K92 produced 45,810 gold oz, or 47,237 gold equivalent (AuEq) oz, at a cost of $594/gold oz or $601/AuEq oz and an all-in sustaining cost.
If you own shares in K92 Mining Inc. (CVE:KNT) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measure of volatility. Volatility is considered to be a measure of...