K92 Mining has recorded strong production and financial results for the third quarter of 2025, with record revenue for the three months to September 30.
The Vancouver-based company, which operates the Kainantu mine in Eastern Highlands province, brought in $US 177.5 million over the quarter, an increase of 45 per cent on its revenue from the same quarter in 2024.
K92 also enjoyed a record $131.2 million net cash position at the end of the quarter.
The financial strength coincided with increases in production across K92’s operations.
The company produced 44,323 ounces of gold equivalent during the quarter, including 42,244 ounces of gold, 600 tonnes of copper, and 34,381 ounces of silver. This leaves it on track to meet its 2025 production guidance of 160,000 to 185,000 ounces of gold equialent for the full year.
K92 chief executive officer and director John Lewins said the company had also taken a “notable” step forward in its underground mining rates, with several enabler projects coming online during the quarter.
“In October, underground development achieved a record 1,028 metres, exceeding for the first time the 1 km-per-month requirement outlined in the updated Definitive Feasibility Study for the Stage 3 Expansion,” he said. “Importantly, this record was achieved with one less jumbo operating in our fleet.”
Lewins saved his biggest praise for the 1.2 million tonnes per annum processing plant, which saw first production just after the September quarter.
“The third quarter was highly successful, marked by the successful construction of the new 1.2 million tonnes-per-annum Stage 3 Process Plant under budget,” he said. “Multiple financial records, strong operational results and the advancement of several projects [will] set the company up for success in the near and long-term.”
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