K92 Mining Announces 2024 Q4 and Annual Financial Results! According to the Fourth Quarter 2024 report, record quarterly production of 53,401 ounces gold equivalent (AuEq), or 51,371 oz gold, 958,312 lbs copper and 41,992 oz silver, representing a 37% increase from Q4 2023.
Quarterly ore processed of 96,614 tonnes or 1,050 tonnes per day (tpd), with a head grade of 18.0 grams per tonne (g/t) AuEq, and 15.2 g/t silver. AuEq head grade in Q4 was the highest since Q2 2020.
That’s a benefiting from a combination of higher-grade stopes from Kora and Judd, plus a notable positive gold grade reconciliation and moderate positive copper grade reconciliation versus the latest independent mineral resource (effective date of September 12, 2023 for Kora and Judd). Throughput was deliberately reduced to maximize recoveries at the higher feed grade.
Looking at the Full Year 2024 performance, record annual production of 149,515 ounces AuEq, or 139,123 oz gold, and 142,009 oz silver, increasing 27% from 2023 and significantly exceeding the production guidance range of 120,000 to 140,000 ounces AuEq.
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