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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
Tel: 1-604-4164445
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