K92 Mining, owner of the Kainantu gold mine, has reported an improved second quarter performance for 2025, producing over 34,000 ounces of gold equivalent.
This was up 43 per cent on the output from the same period in 2024, and saw 1.54 million pounds of copper and 42,848 ounces of silver produced.
The company said it’s on track to meet its full-year guidance of 160,000 to 185,000 ounces of gold equivalent produced.
Processing rates also showed growth over the second quarter. The company processed 130,337 tonnes of ore, with an average head grade of 8.9 grams per tonne of gold equivalent. This was up 36 per cent year-on-year, and 26 per cent from the first quarter of 2025.
K92 has also initiated the commissioning of a new 1.2-million-tonne-per-annum processing plant at Kainantu. The pre-commissioning work, including testing of the semi-autogenous grinding and ball mills, was completed on schedule. Full commissioning is expected to be complete by the end of 2025.
Further works across the quarter included the completion of an upgrade to Kainantu’s underground communications system. This has enabled surface-controlled tele-remote loaders to work on the site for the first time, and represents a first step in automation and improved productivity.
K92 chief executive officer John Lewins said the company was growing significantly and continued to hit milestones.
“K92 is on the cusp of transforming into a Tier 1 mid-tier producer,” he said. “With commissioning of the Stage 3 process plant now underway, we’re entering a new era of growth. We are also well-advanced on opening up two new mining fronts in the Twin Incline and the Lower Kora, which position the mine for higher throughput and an increase in ore tonnes from lower-cost long-hole stoping.”
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