K92 Mining Inc. (T:KNT*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 488 - 1090 West Georgia Street VANCOUVER BC V6E 3V7 |
| Tel: | 1-604-4164445 |
| Website: | https://www.k92mining.com |
| IR: | See website |
| Key People | ||
| David Gregory Medilek President, Chief Operating Officer | John Derek Lewins Chief Executive Officer, Director | Justin J. Blanchet Chief Financial Officer | Christopher James Muller Executive Vice President - Exploration |
| Business Overview |
| K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Kainantu Gold Mine is in the Eastern Highlands Province of Papua New Guinea, approximately 180 kilometers (kms) west-northwest of Lae. The Kainantu Gold Mine includes Kora, Irumafimpa, Karempe, Judd, Kora South, Mati, Maniape and Arakompa. Its mining is focused on the Kora vein system, consisting of two dominant veins, with Judd and Karempe near-mine infrastructure. The mine is serviced by a sealed road from Lae to within eight km of the site, and also has grid power from the nearby Yonki Dam hydro-electric scheme, with full on-site power generation on standby. The underground mine is located on Mining Lease 150, and the process plant, offices, workshops, stores, camp and tailing storage facility are located on a Lease for Mining Purposes 78 (LMP 78). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, K92 Mining Inc revenues increased 6% to $200.3M. Net income decreased 7% to $33.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Exploration and evaluation expenditures increase of 22% to $19.8M (expense), Realized loss increase from $29K to $2.7M (expense). |
| Employees: | 1,100 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,646M as of Dec 31, 2023 |
| Annual revenue (TTM): | $274.35M as of Dec 31, 2023 |
| EBITDA (TTM): | $123.88M as of Dec 31, 2023 |
| Net annual income (TTM): | $45.43M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$38.14M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 234,879,174 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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