K92 Mining (TSE:KNT) has released an update.
K92 Mining has reported a robust first quarter, producing 27,462 ounces of gold equivalent which not only surpassed their budget but also set new records for processing throughput. Despite a temporary halt in underground operations in March, the company achieved significant production, with a record daily processing rate of 2,389 tonnes on January 21st. Ore processing for the quarter increased by 11% compared to the previous year, and mining was in line with design expectations, although impacted by reduced contractor availability and a wetter season.
For further insights into TSE:KNT stock, check out TipRanks’ Stock Analysis page.