- Business
- K92 Mining Inc. is a Vancouver, Canada-headquartered mineral exploration and mining company engaged in the production and development of gold, copper, and silver deposits primarily in Papua New Guinea. The company owns and operates the high-grade Kainantu Gold Mine located in the Eastern Highlands province of Papua New Guinea, covering an 830 square kilometer land package with multiple mineral properties including the Kainantu gold-copper project and associated targets. K92's core products include gold concentrate, copper concentrate, and silver by-products derived from underground mining and processing operations.
The company has undergone significant growth and expansion in recent years, marked by successive plant capacity upgrades including the Stage 2 and 2A expansions increasing throughput to 500,000 tonnes per annum with potential to exceed 600,000 tonnes per annum. Building on this, K92 is advancing transformative Stage 3 and Stage 4 expansions aimed at establishing a world-class Tier 1 gold operation with projected annual production exceeding 300,000 ounces of gold equivalent at an average all-in sustaining cost of approximately $920 per ounce. Stage 3 commissioning is on track for completion by mid-2025, including the integration of a new 1.2 million tonnes per annum process plant and development of new mining fronts to increase ore throughput and lower costs.
Recent strategic developments include an extended and enhanced offtake and loan agreement with global commodities trader Trafigura, securing $100 million in financing to underpin growth capital for expansions and exploration. K92 continues aggressive exploration and resource growth initiatives with multiple drill rigs operational across high-grade targets such as Kora North and extensions to the ore body that support its long-term production profile and resource base expansion. The company maintains a commitment to operational excellence, sustainable practices, and value creation within Papua New Guinea’s mining sector.
Founded in 2013 and listed on the Toronto Stock Exchange under the ticker KNT.TO, K92 Mining operates as a mid-tier precious metals producer focused on scaling production through staged expansions and resource development while leveraging strategic partnerships and capital markets access to enhance shareholder value. Its operations and growth initiatives position it as a leading gold and copper producer within the region with global investments and markets in focus.