K92 mine will increase its production by 35pc: CEO

Business

THE K92 mine expects to see its production increase this year by between 115,000 and 135,000 ounces – a 35 per cent increase from last year, says chief executive officer John Lewins.
Lewins said last year was also a good year for the mine.
It saw production increase by 99,000oz for the third straight year – 2018 (47,000oz) and 2019 (82,000oz).
He said capital expenditure also increased to more than US$60mil (K216.49mil). Exploration expenditure increased to US$15mil (K54.12mil).
“We will continue to develop the new twin incline, complete a new mining workshop, complete expansion of our warehouse, further expand the camp, complete an updated resource estimate and feasibility study on the stage 3 expansion,” Lewins said. “All of this will require an increase in employment to over 1,100 workers.
“In 2020 we completed the stage 2 expansion of the Kainantu mine which will double throughtput, started development of a new twin incline as part of the stage 3 expansion, increased exploration and had 10 diamond drill rigs operating by the end of the year. “All this required us to increase the numbers of employees and contractors employed at the mine to over 1,000 which also required a major expansion of the camp.”
Lewins said the company was proud about its selection by the prospectors and developers association of Canada to receive the prestigious 2021 Thayer Lindsley award for the best global discovery.