K92 Mining Announces Strong Q3 2025 Financial Results – Record Net Cash Balance, Operating Income, EBITDA and Revenue

Core Viewpoint - K92 Mining Inc. reported strong financial and operational results for Q3 2025, achieving record production and revenue, while successfully completing the Stage 3 Expansion Process Plant under budget, positioning the company for future growth [5][6][8]. Production - The company produced 44,323 ounces of gold equivalent (AuEq), including 42,244 ounces of gold, 1,323,538 pounds of copper, and 34,831 ounces of silver in Q3 2025 [5]. - The quarterly ore processed was 137,172 tonnes, with a total ore mined of 152,485 tonnes, achieving a head grade of 11.2 grams per tonne (g/t) AuEq [5][11]. - Metallurgical recoveries were strong, with gold recovery at 95.0% and copper recovery at 94.6% [5][11]. Financials - K92 reported record quarterly revenue of $177.5 million, a 45% increase from Q3 2024, and a net income of $85.7 million, up 84% from the previous year [5][11]. - The company achieved a record cash and cash equivalents total of $185.4 million, including a net cash position of $131.2 million [5][8]. - Cash costs were reported at $694 per ounce of gold and all-in sustaining costs (AISC) at $1,254 per ounce of gold [5][11]. Expansion and Development - The Stage 3 Expansion Process Plant, with a capacity of 1.2 million tonnes per annum, was completed under budget, with commissioning expected to be finalized in November 2025 [5][6]. - As of September 30, 2025, 90% of the Stage 3 Expansion capital had been spent or committed, remaining on budget [5][8]. - Key construction projects for the pastefill plant and surface tailings filtration plant are progressing, with commissioning scheduled for mid-2026 [5][8]. Exploration - The company is actively exploring the Arakompa project, reporting significant porphyry-style mineralization and ramping up exploration activities with up to five rigs operating [5][9]. - Initial results from the Wera prospect indicate a large mineralized system, with drilling now underway [5][9]. - K92 plans to deliver a maiden mineral resource estimate for Arakompa in mid-2026 [5][9].