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K92 Mining
(TSX:KNT)
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Rating:81Outperform
Price Target:
C$29.00
▼(-6.24% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by very strong financial performance (high margins, strong ROE, low leverage, and improving free cash flow) and supportive earnings-call commentary (reiterated guidance, fully funded expansions, and strong liquidity with downside hedging). Technicals add support with a clear uptrend and positive MACD, though momentum indicators are elevated. Valuation is reasonable on P/E but lacks dividend support based on the provided data.
Positive Factors
Strong profitability and revenue growth
Exceptional profitability combined with continued revenue growth indicates that Kainantu is currently converting production into substantial earnings. This provides internal funding for mine development and exploration, while the recent scale-up supports stronger operating leverage over the next several quarters.
Negative Factors
High margins remain sensitive to operating conditions
Current profitability is unusually high and depends on favorable realized metal prices, grades and operating costs. A sustained change in any of these inputs could compress margins and reduce cash generation, making reported earnings less durable than their current levels suggest.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and revenue growth
Exceptional profitability combined with continued revenue growth indicates that Kainantu is currently converting production into substantial earnings. This provides internal funding for mine development and exploration, while the recent scale-up supports stronger operating leverage over the next several quarters.
Read all positive factors
K92 Mining (KNT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.22B
Dividend YieldN/A
Average Volume (3M)623.79K
Price to Earnings (P/E)12.3
Beta (1Y)2.07
Revenue Growth62.48%
EPS Growth65.19%
CountryCA
Employees1,650
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding245,711,320
10 Day Avg. Volume630,090
30 Day Avg. Volume623,791
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)5.21
Price to Sales (P/S)6.59
P/FCF Ratio60.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$39.25Price Target Upside26.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
K92 Mining Business Overview & Revenue Model
Company Description
K92 Mining Inc. is a company that concentrates its efforts on the discovery, advancement, and extraction of mineral deposits within Papua New Guinea. From its operations, the firm yields precious and base metals, namely gold, copper, and silver. T...
How the Company Makes Money
K92 Mining primarily makes money by producing and selling gold doré from its Kainantu Gold Mine. Revenue is recognized from metal sales, which are largely driven by (1) the volume of gold produced and sold, and (2) prevailing market prices for gol...
K92 Mining Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 789.38M | 605.67M | 350.62M | 200.25M | 188.19M | 154.33M |
| Gross Profit | 562.38M | 427.23M | 208.21M | 88.87M | 91.91M | 71.03M |
| EBITDA | 577.88M | 435.85M | 198.40M | 86.45M | 83.33M | 62.18M |
| Net Income | 359.02M | 274.92M | 111.22M | 33.16M | 35.52M | 27.24M |
Balance Sheet | ||||||
| Total Assets | 1.13B | 956.82M | 628.27M | 412.83M | 370.71M | 273.02M |
| Cash, Cash Equivalents and Short-Term Investments | 348.86M | 230.46M | 141.29M | 79.11M | 109.94M | 71.27M |
| Total Debt | 43.66M | 54.43M | 39.53M | 4.76M | 10.10M | 14.10M |
| Total Liabilities | 160.18M | 190.66M | 153.53M | 61.94M | 61.41M | 47.89M |
| Stockholders Equity | 973.98M | 766.16M | 474.74M | 350.89M | 309.31M | 225.14M |
Cash Flow | ||||||
| Free Cash Flow | 179.47M | 66.14M | 25.27M | -27.84M | 1.40M | 21.40M |
| Operating Cash Flow | 422.80M | 285.83M | 185.09M | 74.43M | 73.13M | 61.22M |
| Investing Cash Flow | -243.93M | -197.13M | -174.47M | -108.67M | -71.73M | -39.81M |
| Financing Cash Flow | -11.76M | 3.06M | 60.65M | -3.50M | 39.41M | -1.71M |
K92 Mining Technical Analysis
Negative
30.93
Price Trends
28.33
Negative
25.94
Negative
26.06
Negative
Market Momentum
-0.74
Positive
39.60
Neutral
41.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KNT, the sentiment is Negative. The current price of 30.93 is above the 20-day moving average (MA) of 26.83, above the 50-day MA of 28.33, and above the 200-day MA of 26.06, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 39.60 is Neutral, neither overbought nor oversold. The STOCH value of 41.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KNT.
K92 Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | C$6.23B | 7.42 | 25.62% | 0.92% | 75.86% | 161.88% | |
81 Outperform | C$6.22B | 12.33 | 43.29% | ― | 62.48% | 65.19% | |
77 Outperform | C$8.05B | 21.42 | 10.25% | 0.11% | 46.87% | 42.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$3.78B | -28.24 | -25.84% | ― | ― | 15.46% | |
53 Neutral | C$3.89B | 125.35 | 3.10% | ― | ― | ― |
* Basic Materials Sector Average
TSE:KNT
K92 Mining
25.33
7.05
38.57%
TSE:NG
Novagold Resources New
8.63
-3.02
-25.92%
TSE:SEA
Seabridge Gold
36.10
3.13
9.49%
TSE:SSRM
SSR Mining
39.55
7.46
23.25%
TSE:TXG
Torex Gold Resources
67.32
10.06
17.58%
K92 Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
K92 Mining Sets Date for Q3 2026 Results and Investor Call
Positive
Oct 9, 2026
K92 Mining Inc. plans to release its financial results for the third quarter of 2026 after North American markets close on November 16, 2026. The company will follow the release with a conference call and live webcast that same day at 5:30 p.m. ES...
Business Operations and StrategyFinancial Disclosures
K92 Mining Hits Record Q3 Output and Passes One-Million-Ounce Milestone
Positive
Oct 8, 2026
K92 Mining reported strong third-quarter 2026 output from the Kainantu mine, with 49,776 ounces of gold equivalent produced, marking its second-highest quarterly total and pushing cumulative output past one million ounces since commercial producti...
Business Operations and StrategyExecutive/Board Changes
K92 Mining Unveils Leadership Succession as Kainantu Expansion Nears Completion
Positive
Aug 17, 2026
K92 Mining has announced a leadership succession plan that will see President and Chief Operating Officer David Medilek become Chief Executive Officer and join the board on October 1, 2026, succeeding founding CEO John Lewins. Lewins will move to ...
Business Operations and StrategyFinancial Disclosures
K92 Mining Posts Record Q2 Results as Stage 3 Expansion Ramps Up
Positive
Aug 10, 2026
K92 Mining reported strong second-quarter 2026 results, highlighted by gold equivalent production of 46,093 ounces and record ore processing of 225,965 tonnes, driven by the ramp-up of the new 1.2 million tonnes-per-annum Stage 3 expansion plant. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.