K92 Mining plans $31 million-$35 million exploration budget for 2026
Bitget2026/10/27 18:29- K92 Mining expects to meet 2026 production guidance of 190,000–225,000 gold-equivalent ounces; third-quarter output reached 49,776 ounces.
- Stage 3 targets a 300,000-ounce annual gold-equivalent production run rate at average all-in sustaining costs of $920 per ounce.
- Stage 4 targets more than 400,000 gold-equivalent ounces annually, with plant commissioning expected in late 2027.
- Both expansions are fully financed; 98% of Stage 3 growth capital was spent or committed by September 30, 2026.
- Cash totaled US$ 349 million at June 30, 2026, against debt of US$ 40 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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