Mining Job : Community Relations & Government Liaison Officer - OK TEDI MINE

Kainantu, Papua New Guinea – K92 Mining Inc., the operator of the Kainantu Gold Mine, is projecting record-breaking production in 2025 following a standout first quarter performance that saw output jump by 70% compared to the same period last year.

The mine’s processing plant continued to perform exceptionally well, achieving a gold recovery rate of 95.8%—more than 3% above the company’s internal budget targets.

Chief Executive Officer John Lewins confirmed that the company had its strongest start to any year, producing 47,817 ounces of gold equivalent during Q1. The robust production came amid record gold prices, contributing to yet another quarter of growing net cash reserves.

 K92 Mining Forecasts Record Output in 2025 After Strong First Quarter

“This marks our best first quarter ever and continues our trend of strengthening financial performance,” said Lewins.

K92 also announced the completion of its final corporate tax payment of K48 million for 2025, bringing the total tax paid for the 2024 fiscal year to K170 million.

“It’s especially rewarding to see these results considering we invested around K600 million in capital during the year,” Lewins noted.

Looking ahead, K92 anticipates even higher tax contributions in 2025, with capital investments projected to exceed K800 million as it accelerates growth and expansion.

Progress continues on the Stage 3 Expansion Project, including construction of a new processing plant. As of the end of March, approximately 75% of the expansion capital had been spent or committed. The company remains on schedule to begin commissioning the new plant in the third quarter of 2025.

Once operational, the expansion is expected to boost Kainantu’s annual gold production to 300,000 ounces.

Meanwhile, K92’s exploration programs are also advancing rapidly. Surface drilling is underway at the Arakompa prospect, while underground exploration continues at both the Kora and Judd deposits.

Stay tuned for further updates as K92 Mining continues its growth journey and delivers value through production, investment, and discovery.

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Mining Job : Community Relations & Government Liaison Officer - OK TEDI MINE