PRECIOUS METALS

Challenging ground conditions weigh on K92

Challenging ground conditions are expected to continue to bother Papua New Guinea-focused gold producer K92 throughout Q2, while the miner continues to expect full-year production to come in at the bottom half of its 120,000-140,000oz AuEq guidance range.

“While the first quarter was more challenging than expected, there were many positives that we can build on for the operation going forward,” K92’s CEO and director John Lewins said.

“While the first quarter was more challenging than expected, there were many positives that we can build on for the operation going forward,” K92’s CEO and director John Lewins said.

The ground conditions, along with eight days of combined unplanned maintenance, saw K92's production for Q1 come in at 21,488oz AuEq, which is down from 28,199oz a year earlier and from 35,538oz in Q4....

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