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: KNTNF) announces production in the second quarter (“
Q2”) at its Kainantu Gold Mine in Papua New Guinea of 25,015 oz AuEq or 22,153 oz gold, 1,098,730 lbs copper and 14,914 oz of silver.
During the second quarter, the operation continued its positive ramp-up momentum to run-rate Stage 2 Expansion throughput, delivering record mill throughput of 75,667 tonnes processed. This was achieved despite unexpected short-term challenges related to the COVID-19 pandemic.
In April and May, Papua New Guinea experienced record levels of COVID-19 cases, which also resulted in a significant number of positive cases identified amongst our employees returning to site, where they must test negative before entering quarantine as the mine operates as a COVID-19-free-site. This resulted in significant short staffing due to COVID-19 related absenteeism in addition to an increase in quarantine length and enhanced quarantine control measures, which impacted staffing levels throughout the operation.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
K92 Mining Announces Q2 Production Results and Record Plant Throughput at the Kainantu Gold Mine
K92 Mining Inc.July 15, 2021 GMT
Record quarterly plant throughput with 75,667 tonnes processed, representing a 53% increase from Q2 2020. Quarterly production in Q2 of 25,015 oz of gold equivalent (“AuEq”)(1) or 22,153 oz gold, 1,098,730 lbs copper and 14,914 oz silver. Production during the quarter was materially impacted by a surge in COVID-19 cases in Papua New Guinea and the suspension of expatriate travel between Australia and Papua New Guinea from mid-March through to mid-May.
K92 Mining Announces Q2 Production Results and Record Plant globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.