K92 Q3 gold production reaches over 9K oz
K92 said its’ Q3 2018 production of 9,549 ounces of gold and from the Kaina K92 Q3ntu Mine. K92 Mining operations during Q3 2018 at its Kainantu Gold Mine in Papua New Guinea produced 9,549 ounces of gold, and 2,551 oz of silver or 9,910 at Gold price of US$1,300/oz & Silver US$16.5/oz.
As previously reported, mining operations were disrupted for a period of over three weeks in July due to a fall of ground near muck bay 4 in the incline, which necessitated remediation action and replacement of ground support in the area. The production was achieved from operating less than 75% of the quarter, while during the balance of the quarter production exceeded 1,000 oz AuEq per week.
John Lewins, K92 Chief Executive Officer and Director, states, “We are extremely pleased with the production of almost 10,000 AuEq oz achieved during this quarter, especially given that underground mining production was disrupted by a Fall of Ground in the incline, which resulted in over 3 weeks of underground mine production being lost during the quarter.
Excluding this stoppage, production exceeded 1,000 oz per week for the balance of the quarter. In addition, we saw an improvement in gold recover to 94% while throughput in September was the best yet achieved at over 9,500 tonnes for the month.”
