(Kitco News) - K92 Mining (TSX: KNT) informed Wednesday that it produced 26,085 gold equivalent ounces in Q2 2022 at its Kainantu gold mine in Papua New Guinea, which is 4% higher than in Q2 2021.
The company said that during the second quarter, Kainantu delivered its third consecutive quarter at Stage 2 Expansion run-rate throughput, processing a record 108,853 tonnes, an increase of 44% from Q2 2021.
Mine performance was also strong, exceeding mill throughput, with a record 114,471 tonnes of total mill feed mined, an increase of 59% from Q2 2021, K92 added.
The company also reported record plant throughput of 108,853 tonnes processed during the quarter or 1,196 tpd, significantly exceeding the Stage 2 Expansion run-rate and a 44% increase from Q2 2021.
Kainantu noted it is well positioned to meet its guidance of 115,000 to 140,000 oz AuEq, with a strong second half of the year planned via higher throughput rates and stoping sequence mining higher grade.
The company also said that beyond production expansions, exploration is also a major focus for K92, adding that there are 10 drill rigs currently operating, focusing on resource growth.
K92 Mining is engaged in the production of gold, copper and silver at the Kainantu gold mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine.
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