80,000oz gold for Highlands miner

CANADIAN miner K92 Mining says its Kainantu polymetallic mine in the Eastern Highlands has exceeded its fourth quarter production budget by 30% an output of 23,646 gold equivalent ounces.
80,000oz gold for Highlands miner 80,000oz gold for Highlands miner 80,000oz gold for Highlands miner 80,000oz gold for Highlands miner 80,000oz gold for Highlands miner

The drum scrubber at Kainantu gold-copper-silver mine

Staff Reporter

K92 says that this comprised of 23,096oz gold, 216,656 pounds of copper and 5243oz silver or 23,646oz gold equivalent (based on a gold price of $1300/oz; silver price of $16.50/oz; and a copper price of $2.90/lb).
 
"Production for 2019 was a record of 79,838oz gold or 82,256 gold equivalent ounces, compared to production of 47,237 gold equivalent ounces for 2018. Production for 2019 exceeded the top end of upgraded production guidance of 72,000 to 80,000 gold equivalent ounces, which was originally 68,000 to 75,000.
 
"Mining operations in the fourth quarter continued to focus on Kora North and comprised cut and fill stope mining from the K1 vein at the 1170, 1205 and 1225 mRL level as well as development tonnes from the K2 vein on the 1225 mRL level."
 
K92 says the blend of primarily K1 material provided an average head grade to the process plant for the fourth quarter of 25.22 grams per tonne gold and 0.35% copper. The gold head grade was above and the copper grade below the anticipated long-term average grades. The above average gold grades are the result of a combination of lower dilution being achieved in the stope and development mining combined with a higher proportion of K1 treated during the quarter, while the below budget copper grades are the result of treating a higher proportion of K1. 
 

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