Business Details
10 Years
experience
K92 Mining: Tier 1 Gold & Copper Production in PNG
K92 Mining is a Vancouver, Canada-headquartered company that owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea (PNG). Since restarting operations in 2016, we have achieved six consecutive years of production growth, reaching 118,000 oz AuEq in 2023. Our mine operates at a head grade of approximately 11 g/t AuEq, placing it among the highest-grade operations globally. We are committed to responsible mining practices, with over 95% of our workforce sourced locally from PNG.Our team has extensive experience in developing and operating mines, having collectively built over 20 mines and managed $5 billion in buyouts. We focus on scalable expansion, with Stage 3 and 4 projects underway to establish a world-class Tier 1 gold operation. Our exploration efforts, including discoveries at Arakompa and Blue Lake, underscore our commitment to sustainable growth and value creation for shareholders.
Services
Gold Mining
Copper Mining
Mineral Exploration
Mine Expansion
Sustainable Mining
Details
- Year established: 2016
Highlights and features
- We offer over 40 years of combined executive experience in gold and copper mining operations.
- Our mine operates at one of the highest head grades globally, at ~11 g/t AuEq.
- We prioritize local employment, with over 95% of our workforce sourced from Papua New Guinea.
- Our Stage 3 and 4 expansions aim to establish a world-class Tier 1 gold operation.
- We maintain a strong institutional ownership base, reflecting industry confidence in our growth strategy.
Services
Gold Mining
K92 Mining specializes in high-grade underground gold mining at the Kainantu Gold Mine in Papua New Guinea. Our operations leverage advanced techniques to extract gold at a head grade of ~11 g/t AuEq, positioning us among the most efficient producers globally. We focus on scalable production, with Stage 3 and 4 expansions underway to increase annual output to +400,000 oz AuEq by 2027.
Copper Mining
In addition to gold, K92 Mining produces copper as a by-product at the Kainantu Gold Mine. Our operations achieve high metallurgical recoveries, with recent upgrades in Stage 2A boosting throughput to 600 ktpa. Copper production supports our dual focus on gold and base metals, enhancing revenue streams and operational efficiency.
Mineral Exploration
K92 conducts extensive exploration programs targeting gold and copper deposits in Papua New Guinea. Recent discoveries include the Arakompa deposit and Blue Lake Porphyry, with ongoing drilling to expand resources. Our team employs advanced geophysical and geochemical methods to identify high-grade zones, ensuring long-term growth potential.
Mine Expansion
K92 is executing Stage 3 and 4 expansions to transform the Kainantu Mine into a Tier 1 operation. Stage 3 will increase throughput to 1.2 mtpa, targeting +303,000 oz AuEq annually, while Stage 4 aims for 1.8 mtpa and +400,000 oz AuEq. These projects leverage existing infrastructure to minimize costs and accelerate timelines.
Sustainable Mining
K92 prioritizes environmental and social responsibility across its operations. We adhere to strict ESG standards, including community engagement, biodiversity protection, and emissions reduction targets. Our 2030 GHG reduction plan and annual sustainability reports demonstrate our commitment to ethical mining practices and long-term stakeholder value.
People
John Lewins
CEO & Director
A Mineral Engineer with over 40 years of experience, John Lewins has led the development of multiple gold and base metal mines globally. He holds degrees from the University of Leeds and Queensland, and serves on K92's Health and Safety Committee.
David Medilek
President & COO
David Medilek brings 18 years of mining capital markets and operational experience. A UBC Mining Engineering graduate and CFA charterholder, he previously worked with Barrick Gold and Macquarie Group before joining K92 in 2019.
Justin Blanchet
CFO
Justin Blanchet is a Chartered Professional Accountant with expertise in financial reporting for publicly listed companies. He oversees K92's treasury, audit, and regulatory compliance, ensuring robust financial governance aligned with international standards.
Robert Smillie
VP Exploration
Robert Smillie, a geologist with 35+ years of experience, specializes in epithermal gold systems. He previously led exploration at Ok Tedi Mining and holds advanced degrees from Otago University and Victoria University, contributing to K92's resource growth initiatives.
Stanley Komunt
VP Community Affairs
Stanley Komunt has over 25 years of stakeholder engagement experience in PNG. He previously managed community relations for Newcrest and Newmont, focusing on corporate social responsibility and government partnerships to support K92's operational success.
Questions
Where is K92 Mining located?
K92 Mining is headquartered in Vancouver, Canada, and operates the Kainantu Gold Mine in Papua New Guinea.
What metals does K92 produce?
K92 produces gold and copper, with gold as the primary output and copper as a by-product from the Kainantu Mine.
How can I invest in K92 Mining?
K92 shares are traded on the TSX (KNT) and OTCQX (KNTNF). Investors can purchase shares through brokerage platforms.
What are K92's expansion plans?
K92 is advancing Stage 3 and 4 expansions to increase production to +400,000 oz AuEq annually by 2027, leveraging existing infrastructure for cost efficiency.
Does K92 prioritize sustainable practices?
Yes, K92 adheres to strict ESG standards, including community engagement, emissions reduction targets, and annual sustainability reporting.
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