K92 Mining

K92 Mining announces a leadership change effective 1 October 2026: David Medilek, currently president and COO, will become CEO and a director. John Lewins will step down as CEO and assume the role of non-executive chair of the board of directors. Chris Kinver will be COO, and Susan Scheepers has been appointed VP human resources. K92 operates the Kainantu gold mine in Papua New Guinea and has already contractually secured major funding for the stage-3 expansion. » Więcej na de.investing.com

K92 Mining reported record revenue of $205.2 million in Q2 2026, beating sales expectations, but missed the EPS forecast—$0.34 versus a projected $0.391, about 13% lower. The quarter delivered record production, higher realized gold prices and strong operating cash generation; record cash amounted to $349.4 million with a net cash position of $310 million. Margin pressure arose from expansion-related costs tied to stage-3 and stage-4 development work; management reaffirmed the 2026 production guidance and expects the strongest phase in the second half of the year. » Więcej na de.investing.com

K92 Mining posted revenue of US$236.3 million in the first quarter of 2026, an increase of 63% year‑on‑year, driven mainly by a 69% higher average gold selling price. Operating cash flow rose 64% to US$132.9 million, and cash and cash equivalents amounted to US$287 million. The shares rose 3.46% after the results, and management highlighted ongoing capacity expansions (Stage 3/4) and a focus on cost management; risks remain gold price volatility, execution of the expansion and security issues. » Więcej na de.investing.com