K92 Mining has released its production results from the second quarter of the year, celebrating a strong start to 2024.
Production for the quarter hit 21,661 ounces (oz) of gold, 1.2 million pounds of copper and 26,754oz of silver.
While production was impacted by the temporary suspension of underground operations, K92 is expecting operations in the second half of the year to be significantly stronger than the first half.
“As we look forward to the second half of the year, we expect it to be significantly stronger than the first half, driven by a combination of mining sequence, higher throughput rates, more mining fronts, progressive productivity increases through the completion of infrastructure upgrades in addition to ongoing continuous improvement initiatives,” K92 chief executive officer and director John Lewins said.
“As a result, we reiterate our operational guidance of 120,000 to 140,000oz gold/copper production at $820 to $880/oz gold cash costs and $1440 to $1540/oz gold all-in sustaining costs, with production likely in the lower half of the range.”
K92 saw strong metallurgical recoveries in the second quarter of 93.7 per cent gold and 95.3 per cent copper, representing the highest gold recoveries since the fourth quarter of 2019 and record quarterly recoveries to date for copper.
Lewins said the company is looking forward to planned exploration activities in the second half of 2024.
“Concurrent with improved operational performance, we are very excited about our plans for exploration in the second half of 2024,” he said.
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