“It’s the same old blues again,” sang Eric Clapton, and there might be a few Ipili and Engan people at Porgera feeling much the same with the announcement of the start-up of the “New Porgera” gold mine a few days before Christmas.While the economic benefits to the nation and the local population .
Unless longstanding problems with the Porgera mine are addressed, the announced reopening is just old wine in new bottles, say Glenn Banks and John Burton.
K92 Mining Inc. reported Tuesday a net loss of US$0.00 per share, compared to a net income of US$0.01 per share posted a year ago.
Revenue declined to US$$32.8 million from US$36.4.
BMO Capital Markets on Friday maintained its outperform rating on the shares of K92 Mining and its C$11.50 price target after the Papua New Guinea miner reported lower than expected third-quarter.
K92 Mining Inc. on Thursday reported third-quarter production of 26,225 gold equivalent ounces, down from 32,995 gold equivalent ounces in the year-ago quarter.
Production from the quarter was.