Denver Gold Group member
K92 Mining
- TSX: KNT
- Producer
- Gold
- Copper
- Vancouver, Canada
Company profile
K92 Mining is a rapidly growing gold producer operating the high-grade underground Kainantu Gold Mine in Papua New Guinea. Since restarting operations in 2016, the Company has consistently delivered strong production growth and significant resource expansion, establishing itself as the largest explorer in the country.
2025 marked a major step forward for K92, with the Company achieving record annual production of 174 koz AuEq and significant construction progress on the Stage 3 Expansion. In 2026, K92 is forecasting another year of record production, with guidance of 190,000 to 225,000 ounces AuEq.
K92 is rapidly advancing the fully funded Stage 3 and Stage 4 expansions, which are expected to transform Kainantu into a Tier 1 mid-tier producer. Stage 3 supports a +300 kozpa operation at 1.2 Mtpa, while Stage 4 targets over 400 kozpa at 1.8 Mtpa, representing an approximate 200% increase in throughput from 2025 levels.
In December 2025, K92 completed a major milestone with the commissioning of its new 1.2 Mtpa Stage 3 process plant, which has already demonstrated strong performance, including multiple daily throughput records above nameplate capacity and recoveries exceeding design expectations. As of January 31, 2026, approximately 95% of Stage 3 growth capital had been spent or committed. Supported by strong production, elevated gold prices, and up to US$60 million in undrawn credit facilities, K92 is in a strong financial position to deliver the next phase of growth.
Exploration remains a core focus for K92, targeting both high-grade vein systems and large-scale porphyry systems across its highly prospective land package. Since 2017, Measured and Indicated resources have grown by +1,108%, while Inferred resources have increased by +781%. With up to 14 drill rigs on site, K92 continues to advance Arakompa, Maniape, Wera, Kora-Kora South, Judd-Judd South, and multiple emerging targets, supporting continued resource growth.
Following the first drill hole drilled at Arakompa in over 30 years in 2024, K92 plans to release a maiden mineral resource for Arakompa mid-year, representing a key step in unlocking the district-scale potential of the Kainantu district.
Note: Refer to the Updated Integrated Development Plan (IDP), including DFS Case and PEA Case assumptions. Effective date: January 1, 2024.
At Mining Forum Australia
A Denver Gold Group member company
Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.
Peer groupthe five most similar Denver Gold Group members, 1 = most similar
| Rank | Company | Stage | Minerals | Primary operations | Market cap | 2025 production | Reserves | Match by factor |
|---|---|---|---|---|---|---|---|---|
| This company | K92 MiningTSX: KNT | Producer | Gold, Copper | Papua New Guinea | $5.0B | 174 koz | 1.66 Moz | |
| 1 | Vault MineralsASX: VAU | Producer | Gold, Copper | Australia | $4.5B | |||
| 2 | Centerra Gold Inc.TSX: CG | Producer | Gold, Copper | Canada | $4.5B | 275 koz | 5.504 Moz | |
| 3 | Aura MineralsNASDAQ: AUGO | Producer | Gold, Copper | Brazil | $7.4B | 280.414 koz | 3.5 Moz | |
| 4 | Genesis Minerals LimitedASX: GMD | Producer | Gold | Australia | $6.2B | 214.3 koz | 4.2 Moz | |
| 5 | Wesdome Gold MinesTSX: WDO | Producer | Gold, Silver | Canada | $3.6B | 186 koz | 1.1 Moz |
close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.
Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.