Ok92 Mining Inc. [KNT-TSXV; KNTNF-OTCQX] reported epic production in the fourth quarter at its Kainantu gold mine in Papua Unique Guinea of 29,820 oz gold identical (AuEq), or 28,809 oz of gold, 493,584 kilos of copper and 10,395 oz of silver.
Annual production also executed a epic of 98,872 oz.AuEq or 95,109 oz.gold, 1,853,078 kilos copper and 36,067 oz.silver, representing year-over-year AuEq production announce of 20%.
John Lewins, CEO, Ok92 Mining, talked about: “We’re particularly pleased with the performance of the Kainantu gold mine at some stage in the fourth quarter, achieving epic production. Importantly, the quarter became as soon as underpinned by epic mill throughput, mine material movements and mine pattern.
“The fourth quarter represented the critical fleshy quarter of the stage 2 growth, after winding up the commissioning of the plant growth in unhurried Q3. The mill has endured to ramp up neatly, with every throughput and recoveries bettering thru the quarter, and particularly stable performance in December. Both throughput and recoveries are anticipated to continue to enhance as we optimize the circuit and recommission the drum scrubber and gravity circuit.
“Two thousand twenty represents our third consecutive year of production announce and 2021 guarantees to continue that epic with our first fleshy year of the stage 2 growth. Exploration activities admire ramped up seriously, ending 2020 with 10 drill rigs on position and an 11th rig anticipated to attain quickly. The drill rigs are concentrated on the Judd, Karempe, Kora and Kora South vein methods, and the Blue Lake porphyry.”
In January 13 buying and selling, Ok92 shares gained $0.07 on a quantity of 757,500 shares traded. Twelve months excessive-low is $8.50 – $1.55.