K92 Mining Announces Q2 2025 Financial Results – Commissioning of Stage 3 1.2 mtpa Process Plant on Track for Completion in First Half of Q4 2025

Core Viewpoint - K92 Mining Inc. reported strong financial and operational results for Q2 2025, with significant increases in production, revenue, and net income, positioning the company well for future growth and expansion [1][5][8]. Production - The company produced 34,816 ounces of gold equivalent (AuEq), which includes 32,375 ounces of gold, 1,536,505 pounds of copper, and 42,824 ounces of silver, marking a 43% increase from Q2 2024 [5][11]. - The first half of 2025 saw a total production of 82,633 ounces AuEq, exceeding budget expectations, with the second half anticipated to be the strongest [5][8]. - The head grade was reported at 8.9 grams per tonne (g/t) AuEq, with strong metallurgical recoveries of 93.3% for gold and 94.9% for copper [5][11]. Financials - Quarterly revenue reached $96.3 million, a 102% increase from Q2 2024, while net income was $39.2 million, representing a 539% increase [5][11]. - Operating cash flow for the quarter was $47.0 million, with EBITDA of $59.7 million [5][11]. - The company reported a record cash position of $182.9 million, including a net cash position of $123.8 million [5][8]. Growth - K92 is advancing its Stage 3 Expansion, with 86% of the growth capital either spent or committed as of June 30, 2025 [5][8]. - The commissioning of the new 1.2 million tonnes-per-annum Stage 3 Process Plant commenced in June 2025, with completion expected in Q4 2025 [5][7]. - Exploration activities are increasing, with multiple drill rigs operating at various sites, indicating a focus on expanding mineral resources [9]. Exploration - Significant high-grade intercepts were reported from the Kora and Judd deposits, indicating potential for near-term bulk mining [5][10]. - Notable intersections include 12.80 meters at 31.89 g/t AuEq from the K2 Vein, highlighting the potential for further resource expansion [5][10].