VANCOUVER, British Columbia, April 19, 2022 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces that it will release its 2022 first quarter financial results before the North American trading markets open on Monday, May 16, 2022.
Conference Call and Webcast to Present Results
K92 will host a conference call and webcast to present the 2022 first quarter financial results at 8:30 am (EDT) on Monday, May 16, 2022.
Listeners may access the conference call by dialing toll-free to 1-800-319-4610 within North America or +1-604-638-5340 from international locations.
The conference call will also be broadcast live (webcast) and may be accessed via the following link: https://services.choruscall.ca/links/k92mining20220516.html
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position.
The Company commenced an expansion of the mine based on an updated Preliminary Economic Assessment on the property which was published in January 2019 and updated in July 2020. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking information” within the meaning of applicable Canadian securities legislation (“forward-looking statements”), including, but not limited to, the impact of global supply chain and financial market disruptions as a result of the ongoing crisis due the novel coronavirus pandemic (“COVID-19”); projections of future financial and operational performance; statements with respect to future events or future performance; production estimates; anticipated operating and production costs and revenue; estimates of capital expenditures; future demand for and prices of commodities and currencies; estimated mine life of our mine; estimated closure and reclamation costs and statements regarding anticipated exploration, development, construction, production, permitting and other activities on the Company’s properties, including: expected gold, silver and copper production and the Phase 3 Expansion of the Kora deposit. Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production, should mining occur. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, public health crises, including the COVID-19 pandemic; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our Common Shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; the fact that a feasibility study of mineral reserves demonstrating economic and technical viability has not been prepared for the Kainantu Mine; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold, silver and copper; inability of the Company to identify appropriate acquisition targets or complete desirable acquisitions; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflict in Ukraine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in jurisdictions it operates; and other assumptions and factors generally associated with the mining industry.
Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements.
Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. You should not place undue reliance on forward-looking statements. Our forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date such statements are made, and we expressly disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as may be required by applicable securities laws.
BMO Capital analyst Ryan Thompson lowered the price target on First Majestic Silver Corp (TSX: FR) NYSE: AG) to C$12 from C$13 while maintaining the Market Perform rating on the shares. First Majestic is an intermediate primary silver producer with three operating mines in Mexico. The analyst states that the consolidated Q1 gold and silver production missed estimates by 14% and 19%, respectively. 1Q22 production represents ~20% of the mid-point of full-year silver guidance and ~22% of the gold g
Yahoo Finance Live’s Brian Sozzi and Pras Subramanian discuss first quarter earnings for Tesla, production issues amid supply chain disruptions, consumer demand, cost increases, and inflation.
The last five years have been very good for Advanced Micro Devices (NASDAQ: AMD). Case in point: An investment of $10,000 in AMD made in April 2017 would now be worth $75,600. Shares are down 35% year-to-date as investors have soured on the technology sector.
Short-term stock market jitters are a great opportunity to pick up high-growth stocks like these at a discount.
Yahoo Finance's Rachelle Akuffo discusses what to watch when American Airlines reports earnings ahead of the bell on Thursday.
Veru (NASDAQ: VERU) is a bit of an oddball in biotech. It's developing medicines for breast cancer and treatment-resistant prostate cancer, but it's also trialing a therapy for severe COVID-19, not to mention making a globally distributed reproductive health product. With a gain like that, could Veru be a diamond in the rough?
Yahoo Finance's Jared Blikre breaks down quarterly earnings results for United Airlines.
Last year, Kinder Morgan (NYSE: KMI) delivered an earnings gusher in the first quarter by taking advantage of opportunities that arose when winter storms hit Texas. Because of that, the natural-gas pipeline giant went up against a tough comparable quarter this year. Kinder Morgan generated $1.455 billion of distributable cash flow during the first quarter, down 38% year over year.
Shares of Freeport-McMoRan Inc. pulled back 3.2% in premarket trading Thursday, after the gold and copper miner reported first-quarter profit and revenue that beat expectations, while trimming its outlook for quarterly copper sales. Net income more than doubled to $1.53 billion, or $1.04 a share, from $718 million, or 48 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.07 beat the FactSet consensus of 94 cents. Revenue grew 36.1% to $6.60 bil
A reasonably small amount of money can go a long way when it's invested in high-quality companies.
We all know how the markets started this year by falling into correction territory. Electric Vehicle (EV) stocks were no exception, although there was no clear trend in the segment. Major EVs have fallen between 5% and 50% year-to-date, compared to the S&P 500’s 6% drop. Inflation is a key to understanding that performance. EVs will require new factory processes in their manufacture, and new sets of raw materials – and those raw materials don’t come cheap. A combination of increasing demand, pro
Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss Piper Sandler reiterating its buy rating on chipmaker Nvidia.
Shares of Spotify Technology (NYSE: SPOT), DraftKings (NASDAQ: DKNG), and Paramount Global (NASDAQ: PARA) were all down big on Wednesday, falling 10.9%, 7.8%, and 8.6%, respectively, on the day. One might think that today's reaction is a bit severe, and that Netflix's troubles may be more company-specific. One might think Paramount Global would get a more bullish turn today, given that it is a direct competitor to Netflix and is much cheaper.
PayPal (NASDAQ: PYPL) investors have had a rough go of it lately, and Wednesday wasn't any better, with the stock down 6.7% as of 1:43 p.m. ET. The stock is now down nearly 70% from its 52-week highs. There wasn't much in the way of "new" news on Wednesday, but a financial analyst at SMBC Nikko Securities kept his "underweight" rating on the stock and lowered his price target.
Investing in this generic drugmaker would be a gamble, but there are reasons why it might be worth a look.
Warren Buffett is once again demonstrating why he's called the Oracle of Omaha. While the S&P 500 is floundering, shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) have jumped close to 17% year to date. A big part of Berkshire's impressive gain is due to even better performances from individual stocks in its portfolio.
Exxon Mobil was upgraded to outperform from sector perform and its target price raised to $100 from $90 by RBC Capital Markets, saying the company will be one of the key beneficiaries of a tight refined oil products market. "With the world (and energy policy) now turned on its head, we believe XOM has two key advantages relative to peers 1) it is the largest refiner among the majors; and 2) it screens well on upstream portfolio longevity, an area we expect to be under increased scrutiny in a hig
AT&T stock rose as March-quarter earnings topped analyst estimates while it added more wireless postpaid phone subscribers than expected.
The Federal Reserve changed course last month, implementing its first interest rate hike in 3 years, and announcing the end of its long-standing policy of bond purchases – quantitative easing – going forward. The moves are a direct response to high inflation, a necessary shift when the inflation is running at 8.5% annualized. In the meantime, markets are volatile. Stock and bond markets are fluctuating, and we’re starting to see short-term bond yields exceed the long-term. It’s definitely intere
Companies that have raised dividends the most over the past 10 years have tended to outperform the broader market — by a lot.