K92 Mining has reported record annual pro-duction of some 104,196 oz of gold equivalent, or 95,055 oz gold, 3.38 million lbs of copper and 70,792 oz of silver at its Kainantu gold mine in Papua New Guinea. Owing to these positive results, the mine exceeded the updated guidance range of 96,000 to 102,000 oz of gold equivalent in 2021.
“Importantly, recoveries were also strong during the quarter at 92.8% for gold and 92.9% for copper, both exceeding budget. Gold and cop-per recoveries represent the highest recoveries since Q4 2020 and Q4 2019, respectively. Plant capabilities are expected to also further improve with the full integration of the gravity circuit planned for Q1 2022,” the company said in a statement.
The Canadian company says the mine has a mine life of some 3.1 million oz of gold equivalent over a 12-year period.