K92 mining ranked second in mining category

Business

K92 Mining Inc has been named to Toronto Stock Exchange (TSX) Venture Exchange’s 2020 Venture 50.
According to a statement from the company, it is an annual ranking of top performing companies from five industry sectors: mining, oil and gas, clean technology and life sciences, diversified industries and technology.
K92 is ranked second in the mining category.
The Venture 50 ranking comprise the strongest companies on TSX Venture Exchange, selected based on the equally weighted criteria last year of share price appreciation, trading volume amount and market capitalisation growth.
Selected Venture 50 companies have seen tremendous growth over the past year, offered excellent returns to their shareholders and are actively traded in the market.
The strong market performance of K92 over the past year has been underpinned by strong fundamental growth and business plan execution.
Ongoing production, expansion and exploration at the high-grade Kainantu mine has attracted a growing roster of institutional investors to K92.
K92 chief executive John Lewins said: “During 2019, K92 increased gold equivalent production 74 per cent from the previous year, exceeded the top end of our upgraded annual production guidance, and made significant progress from exploration, both near-mine and regionally.
“From a production perspective, we are well underway with our stage two expansion announced last March, which will double our throughput from 200,000 tpa (tonnes per annum) to 400,000 tpa.
“In exploration, the number of drill rigs increased three-fold from 2018, resulting in accelerated lateral and vertical deposit extent growth at Kora/Kora North while also making considerable progress regionally at Blue Lake.
“Highlight drill results from Kora North last year also set new record high grades at the Kainantu gold mine.”