K92 Mining Announces Strong Q2 Production: Kainantu Mine Achieves Records

K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) has announced strong production results for the second quarter (Q2) of 2026 from its Kainantu Gold Mine in Papua New Guinea. The company achieved a significant milestone by producing 46,093 gold equivalent ounces (AuEq) during this period. The announcement also highlighted record quarterly lateral development, alongside record ore tonnes mined and processed.

This robust performance in the second quarter included the production of 42,931 ounces of gold, 1,780,506 pounds of copper, and 50,109 ounces of silver. During the same period, the company reported sales of 46,682 ounces of gold, 1,811,181 pounds of copper, and 50,109 ounces of silver. These results follow K92 Mining's strong Q1 2026 production of 46,743 AuEq ounces, demonstrating the company's sustained operational growth. K92 Mining is executing a staged expansion strategy to transform Kainantu into a Tier 1 gold-copper operation. A key component of this strategy, the 1.2 million tonnes-per-annum (mtpa) Stage 3 process plant, was commissioned under budget in late 2025, with first production commencing in October 2025. The record quarterly lateral development and ore tonnes indicate strong progress in the ramp-up of the Stage 3 expansion.

K92 Mining's operational excellence and expansion efforts at the Kainantu Mine send positive signals to global commodity markets. The strong production figures from this high-grade, low-cost mine in Papua New Guinea are particularly significant for the supply chain of strategic metals like gold and copper. The company's objective to become a Tier 1 mid-tier producer supports the growth potential within the mining sector and boosts investor confidence. The consistent and strong performance of the ongoing Stage 3 Expansion Process Plant further reinforces this positive outlook.

Papua New Guinea is renowned for hosting some of the world's most significant gold deposits, and K92 Mining's Kainantu Mine is a key player in leveraging this rich resource. As a Canadian-based company, K92 Mining places a strong emphasis on social responsibility and sustainable development in its operations within the region. Such large-scale mining projects not only contribute significantly to the host country's economy but also support supply stability in global metal markets.

The company maintains its 2026 annual production guidance of 190,000 to 225,000 AuEq ounces, with production expected to be strongest in the second half (H2) of the year. The Stage 3 Expansion is targeted to achieve a run-rate production exceeding 300,000 AuEq ounces per year, with an average all-in sustaining cost (AISC) of $920/oz on a co-product basis. Furthermore, the Stage 4 Expansion is planned to increase this to over 400,000 AuEq ounces annually. K92 Mining is fully funded for this growth, boasting a strong cash position as of March 2026. The company projects a record exploration program of $31-$35 million for 2026, continuing to expand its resource base by focusing on near-mine and regional targets such as Arakompa, Maniape, and Wera.