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Public market insider selling at K92 Mining (T:KNT)

Updated Monday Apr 29, 2024 02:26 AM EDT

John Lewins, CEO and Director, disposed of 400,000 Common Shares on a direct ownership basis at a price of $7.400 on April 24th, 2024. This represents a $2,960,000 divestment of the company's shares and an account share holdings change of -11.4%.

David Gregory Medilek, a Senior Officer, disposed of 175,000 Common Shares on a direct ownership basis at a price of $7.481 on April 23rd, 2024. This represents a $1,309,228 divestment of the company's shares and an account share holdings change of -70.0%.

Nancy Carol La Couvee, a Senior Officer, disposed of 100,000 Common Shares on a direct ownership basis at a price of $7.689 on April 26th, 2024. This represents a $768,910 divestment of the company's shares and an account share holdings change of -100.0%.

Justin Blanchet, CFO, disposed of 50,000 Common Shares on a direct ownership basis at a price of $7.690 on April 25th, 2024. This represents a $384,500 divestment of the company's shares and an account share holdings change of -24.4%.

K92 Mining is in the Gold Sub Industry Group under the Basic Materials Sector.

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).

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Go to K92 Mining Inc. (KNT)'s company page

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