K92 Mining Inc. (V:KNT)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 488-1090 Georgia St W VANCOUVER BC V6E 3V7 |
| Tel: | 1-604-4164445 |
| Website: | www.k92mining.com |
| IR: | See website |
| Key People | ||
| John Derek Lewins Chief Executive Officer, Director | Justin J. Blanchet Chief Financial Officer | Warren Uyen Senior Vice President - Operations |
| Christopher James Muller Vice President - Exploration | David Gregory Medilek Vice President - Business Development and Investor Relations | |
| Business Overview |
| K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Kainantu Gold Mine is an underground mine with a land package of 860 square kilometer, which is located approximately 180 kilometers (km) west-northwest of Lae. The Kainantu Gold Mine includes Irumafima and Kora deposits. The Company's mining is focused on the Kora vein system, consisting of two 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 2022, K92 Mining Inc revenues increased 78% to $52.4M. Net income increased from $2.2M to $14.1M. Revenues reflect Copper - Price per Unit - Average - Tota increase of 39% to $9829 per metric ton, Copper - Production - Total increase from 0K to 1K metric tons. Net income benefited from Share-based payments decrease of 45% to $923K (expense). |
| Employees: | 900 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,864M as of Mar 31, 2022 |
| Annual revenue (TTM): | $226.37M as of Mar 31, 2022 |
| EBITDA (TTM): | $107.94M as of Mar 31, 2022 |
| Net annual income (TTM): | $49.99M as of Mar 31, 2022 |
| Free cash flow (TTM): | $12.31M as of Mar 31, 2022 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 227,881,997 as of Jul 6, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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