K92 Mining Announces 2026 Operational Guidance – Significant Production Growth and Exploration Program Planned
Globenewswire·2026-01-26 11:00

Core Viewpoint - K92 Mining Inc. forecasts a significant increase in gold equivalent production for 2026, alongside a substantial exploration budget to support ongoing exploration activities [1][4]. Production Outlook - Expected production for 2026 is between 190,000 to 225,000 ounces of gold equivalent, marking an increase from the record production of 174,134 ounces in 2025 [3][6]. - Production is anticipated to be strongest in the second half of 2026, driven by the ramp-up of ore tonnes mined and processed from new mining fronts and key expansion projects [3][4]. Cost Projections - Forecasted cash costs on a by-product credit basis are between $710 and $770 per ounce of gold, with all-in sustaining costs (AISC) projected at $1,250 to $1,350 per ounce of gold [3][6]. - On a co-product basis, cash costs are expected to be between $980 and $1,040 per ounce of gold equivalent, with AISC projected at $1,480 to $1,580 per ounce of gold equivalent [3][6]. Exploration Plans - A record exploration budget of $31 to $35 million is planned for 2026, focusing on near-mine targets and regional exploration [3][5]. - Surface exploration will target areas such as Arakompa, Maniape, and Judd North, with initial drilling planned at the Mati-Mesoan-Bona Creek vein systems [3][5]. Growth Capital - Growth capital for 2026 is forecasted to be between $100 and $108 million, including $25 to $28 million for Stage 3 Expansion and $75 to $80 million for Stage 4 Expansion and accelerated growth capital [3][6]. - As of December 31, 2025, 95% of the Stage 3 Expansion capital has been spent or committed, and the project remains on budget [5]. Key Expansion Projects - Key projects for 2026 include upgrades to the power plant, haul road, and water treatment facilities, as well as camp expansion and port upgrades [3][5]. - The Stage 4 Expansion Power Plant Upgrade is budgeted at $6 million, while the haul road upgrade is estimated at $5 million [3][5].