K92 Mining Inc.

11:09 AM EST - K92 Mining Inc. : Announced record production of 19,778 oz AuEq for first quarter of 2019 at its Kainantu Gold Mine in Papua New Guinea. During Q1, K92 produced 19,125 oz of gold, 264,114 pounds of copper and 5,564 oz of silver or 19,778 AuEq oz (based on a gold price of $1,300 U.S./oz; silver $16.5 U.S./oz; copper $2.90 U.S./lb). Q1 production represents a new record for the Kainantu Gold Mine, being almost 20% higher than the previous record production of 16,451 AuEq oz achieved in Q4 2018. Recoveries for Q1 averaged 93.7% for gold and 93.9% copper. K92 Mining Inc. shares V.KNT are trading up $0.065 at $1.66.