K92 Mining Inc. (T:KNT)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 488 - 1090 West Georgia Street VANCOUVER BC V6E 3V7 |
| Tel: | 1-604-4164445 |
| Website: | https://www.k92mining.com |
| IR: | See website |
| Key People | ||
| David Gregory Medilek President, Chief Operating Officer | John Derek Lewins Chief Executive Officer, Director | Justin J. Blanchet Chief Financial Officer | Christopher James Muller Executive Vice President - Exploration |
| Business Overview |
| K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Kainantu Gold Mine is in the Eastern Highlands Province of Papua New Guinea, approximately 180 kilometers (kms) west-northwest of Lae. The Kainantu Gold Mine includes Kora, Irumafimpa, Karempe, Judd, Kora South, Mati, Maniape and Arakompa. Its mining is focused on the Kora vein system, consisting of two dominant veins, with Judd and Karempe near-mine infrastructure. The mine is serviced by a sealed road from Lae to within eight km of the site, and also has grid power from the nearby Yonki Dam hydro-electric scheme, with full on-site power generation on standby. The underground mine is located on Mining Lease 150, and the process plant, offices, workshops, stores, camp and tailing storage facility are located on a Lease for Mining Purposes 78 (LMP 78). |
| Financial Overview |
| For the three months ended 31 March 2024, K92 Mining Inc revenues increased 48% to $59.8M. Net income decreased 39% to $3.1M. Revenues reflect Gold in concentrate increase of 53% to $45.5M, Gold and silver in dor increase from $2.1M to $10.9M. Net income was offset by Gold Mining segment income decrease of 15% to $8.6M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.02 to $0.01. |
| Employees: | 1,100 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,791M as of Mar 31, 2024 |
| Annual revenue (TTM): | $298.97M as of Mar 31, 2024 |
| EBITDA (TTM): | $125.03M as of Mar 31, 2024 |
| Net annual income (TTM): | $42.49M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$14.62M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 235,257,737 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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