K92 Mining Announces Strong Q2 Production Results – 34,816 oz AuEq Produced, and Commenced Commissioning of 1.2 Mtpa Stage 3 Process Plant in June

Core Viewpoint - K92 Mining Inc. reported strong production results for Q2 2025 from its Kainantu Gold Mine, with significant increases in gold equivalent production and progress on the Stage 3 Expansion project [1][4][6]. Production Results - Q2 2025 production included 34,816 ounces of gold equivalent (AuEq), 32,375 ounces of gold, 1,536,505 pounds of copper, and 42,824 ounces of silver, marking a 43% increase from Q2 2024 [4]. - Quarterly sales comprised 28,864 ounces of gold, 1,275,176 pounds of copper, and 34,532 ounces of silver [4]. - The first half of 2025 saw a total production of 82,633 ounces AuEq, exceeding budget expectations, with an annual guidance of 160,000 to 185,000 ounces AuEq reiterated [4][9]. Processing and Recovery - A total of 130,337 tonnes of ore were processed in Q2 2025, reflecting a 36% increase from Q2 2024 and a 26% increase from Q1 2025, with a head grade of 8.9 grams per tonne AuEq [4]. - Metallurgical recoveries were strong, with gold recovery at 93.3% and copper recovery at 94.9%, surpassing the updated definitive feasibility study parameters [4][7]. Stage 3 Expansion Progress - The commissioning of the new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant has commenced, with practical completion expected in the first half of Q4 2025 [6][8]. - As of June 30, 2025, 86% of the Stage 3 Expansion growth capital has been spent or committed, remaining on budget [4][8]. Infrastructure Developments - Several ancillary construction projects were completed, including a temporary power station and Phase 1 of a permanent power station [4]. - Underground infrastructure upgrades are nearing completion, which are essential for increasing mining rates [7][8]. Future Outlook - The company anticipates a stronger second half of 2025, driven by higher throughput in Q4 [9].