K92 Mining
A high grade gold producer.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Post IPO Debt | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (3 %) | 22 % | 6 % | 75 % | 48 % | 20 % | 42 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 40 % | 46 % | 45 % | 60 % | 67 % | 72 % | 65 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 18 % | 19 % | 17 % | 32 % | 40 % | 33 % | 36 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
K92 Mining Inc. operates as a high-grade, low-cost gold producer, with its primary asset being the Kainantu Gold Mine located in the Eastern Highlands Province of Papua New Guinea. The company acquired this mine from Barrick Gold in 2014 for $2 million plus future considerations, and successfully recommenced commercial production in 2018. This strategic acquisition marked a significant turning point, setting the stage for substantial growth. The company is spearheaded by co-founder, Director, and CEO John Lewins, a mining engineer with over 35 years of experience in the industry across various countries and commodities.
The Kainantu mine is an underground operation that extracts gold, copper, and silver. A pivotal moment in the company's trajectory was the near-mine discovery of the Kora North deposit in May 2017. This discovery has been instrumental in transforming K92 Mining into a producer with remarkably low all-in sustaining costs, a key metric for profitability in the mining sector. The business model is straightforward: K92 Mining extracts and processes ore to produce gold doré and a copper-gold concentrate, which are then sold on the global commodities market, generating revenue from the sale of these refined metals.
K92 Mining's operational focus is on expanding its production capacity significantly. The company has outlined a multi-stage expansion plan for the Kainantu mine, aiming to progressively increase its annual output. This growth is underpinned by continuous exploration activities designed to expand the existing resource and reserve base, not only at the producing Kora and Judd veins but also at numerous other prospective targets within their mining lease. The company's securities are publicly traded on the Toronto Stock Exchange (TSX) under the symbol 'KNT' and on the OTCQX in the United States under 'KNTNF'. Keywords: gold mining, copper production, Papua New Guinea, Kainantu Gold Mine, mineral exploration, low-cost producer, precious metals, resource expansion, Kora North, public mining company