K92 Mining Announces Q2 Production Results and Record Plant

K92 Mining Announces Q2 Production Results and Record Plant


: KNTNF) announces production in the second quarter (“
Q2”) at its Kainantu Gold Mine in Papua New Guinea of 25,015 oz AuEq or 22,153 oz gold, 1,098,730 lbs copper and 14,914 oz of silver.
During the second quarter, the operation continued its positive ramp-up momentum to run-rate Stage 2 Expansion throughput, delivering record mill throughput of 75,667 tonnes processed. This was achieved despite unexpected short-term challenges related to the COVID-19 pandemic.
In April and May, Papua New Guinea experienced record levels of COVID-19 cases, which also resulted in a significant number of positive cases identified amongst our employees returning to site, where they must test negative before entering quarantine as the mine operates as a COVID-19-free-site. This resulted in significant short staffing due to COVID-19 related absenteeism in addition to an increase in quarantine length and enhanced quarantine control measures, which impacted staffing levels throughout the operation. In addition, the operation was impacted by COVID-19 related suspension of expatriate travel between Australia and Papua New Guinea which went into effect on March 17 and was only lifted in mid-May.

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