K92 Mining reports record Q2 production, announces financial results call
K92 Mining Inc. reported Q2 2026 production of 46,093 oz AuEq, with record ore processed and mine development, supporting annual guidance. The company announced its Q2 financial results will be released on August 10, 2026, accompanied by a conference call to discuss performance.
*this image is generated using AI for illustrative purposes only.
K92 Mining Inc. reported strong production results for Q2 2026 from its Kainantu Gold Mine in Papua New Guinea, achieving 46,093 ounces gold equivalent (AuEq) produced. The company announced it will release its 2026 second quarter financial results before North American markets open on Monday, August 10, 2026. A conference call to present these results is scheduled for 8:30 am (EDT) on the same day, accessible via dial-in or webcast.
Production and Operational Highlights
The quarterly production comprised 42,931 oz gold, 1,780,506 lbs copper, and 50,109 oz silver. K92 Mining achieved record quarterly ore processed of 225,965 tonnes, a 73% increase from Q2 2025, alongside record quarterly mine development of 3,326 metres. The company also reported record quarterly total material mined of 426,012 tonnes and record quarterly ore mined of 228,254 tonnes. Metallurgical recoveries remained strong at 93.8% for gold and 93.2% for copper. These results support the company's reiterated annual production guidance of 190,000 to 225,000 oz AuEq.
Stage 3 Expansion Progress
As of June 30, 2026, 98% of Stage 3 Expansion growth capital has been spent or committed, remaining on budget. Key projects completed or nearing completion include the Second Material Pass, which became operational in June 2026, and the Phase 2 Power Station Expansion to 15.3 MW, completed in May 2026. The Phase 4 Primary Ventilation Upgrade is scheduled for completion in the second half of Q3 2026, expected to nearly double primary mine airflow capacity.
Infrastructure and Fleet Expansion
Significant progress was made on surface haul road and river crossing infrastructure, including the completion of the Baupa Bridge in April 2026. The company is expanding its haulage fleet with six new 60-tonne surface trucks scheduled to arrive in Q3 2026, enabling a tripling in surface haulage payload. These infrastructure improvements are expected to support Stage 3 and Stage 4 Expansion throughput requirements and deliver operating cost efficiencies.
2025 & 2026 Production Data
| Metric | Unit | Q2 2025 | Q3 2025 | Q4 2025 | 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|
| Tonnes Processed | T | 130,337 | 137,172 | 186,198 | 557,156 | 142,017 | 225,965 |
| Feed Grade Au | g/t | 8.3 | 10.7 | 7.4 | 9.7 | 10.2 | 6.2 |
| Feed Grade Cu | % | 0.55% | 0.47% | 0.53% | 0.51% | 0.56% | 0.39% |
| Recovery (%) Au | % | 93.3% | 95.0% | 94.3% | 94.7% | 95.1% | 93.8% |
| Recovery (%) Cu | % | 94.9% | 94.6% | 93.9% | 94.5% | 94.0% | 93.2% |
| Gold Equivalent Production | oz | 34,816 | 44,323 | 47,178 | 174,134 | 46,743 | 46,093 |
How will the completion of the Stage 3 Expansion impact K92 Mining's cost per ounce and profit margins in the second half of 2026?
What are the expected timelines and capital requirements for the proposed Stage 4 Expansion following the completion of Stage 3?
Will the significant increase in ore processed during Q2 2026 be sustained throughout the remainder of the year to meet the upper end of production guidance?
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