K92 Mining Inc

Latest Results (14.10.2025):

K92 Mining Inc has announced its Q1 2025 financial results, achieving record quarterly revenue, net income, operating cash flow, EBITDA, and a strengthened net cash position. The company reported significant production increases, effective cost management, and notable progress in its growth and expansion initiatives.

Record Financial Performance

In the first quarter of 2025, K92 Mining Inc reported a record quarterly revenue of $144.6 million, representing a 142% increase from Q1 2024. Net income soared by 2,190% to $70.2 million or $0.29 per share. Additionally, operating cash flow reached a record $80.9 million and EBITDA was reported at $107.2 million, both showcasing substantial growth compared to the previous year.

Robust Production Metrics

The company achieved strong production figures with 47,817 ounces gold equivalent (45,735 oz gold), marking a 74% increase from Q1 2024. Metallurgical recoveries were impressive, with 95.8% for gold and 95.1% for copper, both being the second highest on record. The head grade of 14.9 g/t AuEq significantly exceeded budget expectations, driven by higher-grade stopes and optimized throughput to maximize recoveries.

Enhanced Cash Position

K92 Mining Inc ended Q1 2025 with a record $182.1 million in cash, cash equivalents, and term deposits, including a net cash position of $123.0 million. This robust financial standing supports ongoing operations and strategic investments, particularly in the Stage 3 Expansion.

Progress in Growth and Expansion

The company has allocated or committed 75% of the growth capital for Stage 3 and 4 expansions as of March 31, 2025. Construction of the 1.2 mtpa Stage 3 Expansion Process Plant is advancing rapidly, with critical grinding circuit installations completed. Commissioning is on track for the second half of Q2 2025, positioning K92 to transition into a Tier 1 Mid-Tier Producer.

Advancements in Exploration

At the Arakompa project, recent drilling has confirmed significant high-grade intercepts and extended the bulk zone strike length to over 900 metres. With exploration activity ramping up and new drill rigs scheduled to arrive mid-year, K92 is well-positioned to advance Arakompa and pursue additional regional targets, anticipating a maiden mineral resource estimate in the second half of 2025.