K92 Mining
K92 Mining is a publicly traded gold-copper-silver producer operating the Kainantu Gold Mine in Papua New Guinea, selling concentrate under a long-term offtake with Trafigura while executing staged expansions to scale output toward +400,000 oz AuEq annually.
- Company typePublic
- Founded2015
- HeadquartersVancouver, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What K92 Mining does
K92 Mining Inc. is a publicly traded gold-copper-silver producer (TSX: KNT; OTCQX: KNTNF) headquartered in Vancouver, Canada, that owns and operates the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea. The company produces gold, copper, and silver through underground mining of high-grade vein systems (Kora, Judd, and Arakompa) and processes ore through flotation circuits into concentrate. The mine spans approximately 830 km² within Mining Lease 150 and surrounding exploration licenses, in a region recognized with the 2021 PDAC Thayer Lindsley Award for Best Global Discovery. K92 has executed a multi-stage capacity expansion: Stage 2 (doubled throughput to 400 ktpa), Stage 2A (to 500-600+ ktpa), and Stage 3 (new 1.2 mtpa process plant commissioned October 2025), with Stage 4 (1.8 mtpa) scheduled for late 2027 targeting +400,000 oz AuEq annually.
K92 generates revenue by selling gold-copper-silver concentrate under a long-term offtake agreement with Trafigura, which also provides up to $150 million in senior secured credit facilities. 2025 revenue reached $595.2 million (up 70% YoY) with record net income of $270.2 million and AISC of $1,308/oz; Q1 2026 revenue hit $236.3 million (up 63% YoY) with record quarterly EBITDA of $179.9 million. The company maintains a resource base of 2.6 Moz AuEq M&I and 4.5 Moz AuEq inferred at Kora/Judd, plus a maiden 10.8 Moz AuEq inferred resource at the Blue Lake Porphyry, supporting a multi-decade production pipeline. K92's go-to-market centers on institutional investor relations, with 13 sell-side analysts covering the stock, and operational ESG credentials including 91% PNG National workforce, 918 days without a lost-time injury, and $139.2 million in taxes/royalties paid to PNG in 2025.
K92 Mining firmographics
Firmographics- Name
- K92 Mining
- Legal name
- K92 Mining Inc.
- Website
- https://k92mining.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- K92 Mining is a publicly traded gold-copper-silver producer operating the Kainantu Gold Mine in Papua New Guinea, selling concentrate under a long-term offtake with Trafigura while executing staged expansions to scale output toward +400,000 oz AuEq annually.
- Ownership category
- akta.pro rank
K92 Mining industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (212290)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where K92 Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
K92 Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Others
Revenue model
- Gold, Copper, and Silver Concentrate Sales: K92 Mining generates revenue primarily through the sale of gold, copper, and silver concentrate produced at its Kainantu Gold Mine. The company has a offtake agreement with Trafigura for concentrate sales. Production in Q1 2026 was 46,743 oz AuEq with revenues of $236.3 million.
- Gold Production: Primary revenue stream from gold production. 2025 annual production was 174,134 oz AuEq at upper half of guidance. 2026 guidance: 190,000-225,000 oz AuEq.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | All-in Sustaining Cost (AISC) per ounce |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
K92 Mining product offering
Product offeringCore offering
K92 Mining owns and operates the Kainantu Gold Mine in Papua New Guinea, producing gold, copper, and silver concentrate from high-grade underground vein systems through progressively expanded processing plants (Stage 2, 2A, and the newly commissioned Stage 3). The company sells concentrate to commodity trading houses under long-term offtake agreements and is concurrently advancing exploration projects (Arakompa, Blue Lake Porphyry) to expand the resource base and target Tier 1 mid-tier gold-copper producer status.
Product overview
K92 Mining is a gold-copper-silver mining company operating the Kainantu Gold Mine in Papua New Guinea. The company's product portfolio centers on producing gold equivalent ounces through its underground mining operations. The core products are gold (primary), copper, and silver (both as by-products). The mine operates through progressive expansion stages - Stage 2A Expansion completed in 2Q23 increased capacity to 500 ktpa, while the Stage 3 Expansion with a new 1.2 mtpa process plant achieved first production in October 2025 targeting +300,000 oz AuEq annually. Stage 4 Expansion is planned for late 2027 targeting +400,000 oz AuEq per year. Exploration projects including Blue Lake Porphyry and Arakompa represent future growth opportunities.
Differentiator
Problem solved
Functional benefit
Products and services
- Kainantu Gold Mine High-grade underground gold-copper-silver mine located in the Eastern Highlands province of Papua New Guinea, spanning approximately 830 km² within Mining Lease 150 and surrounding exploration licenses. The mine is the company's primary operating asset, producing gold-equivalent ounces through conventional underground mining and flotation processing.
- Gold Concentrate Primary product of K92 Mining — gold produced from underground vein systems (Kora, Judd, Irumafimpa) at the Kainantu Gold Mine. Sold as concentrate under long-term offtake agreements (Trafigura) to commodity trading houses for refining and global gold trading. Q1 2026 production reached 46,743 oz AuEq with annual 2025 production of 174,134 oz AuEq.
- Copper Concentrate By-product copper concentrate recovered from the same flotation circuits that process gold ore at the Kainantu Gold Mine. Copper by-product credits reduce the company's AISC per ounce and contribute to overall gold-equivalent ounce calculations.
- Silver Concentrate By-product silver concentrate recovered alongside gold and copper from the Kainantu processing plant. Contributes to overall gold-equivalent ounce calculations and adds by-product credit against cash costs.
Quantifiable outcome
- Q1 2026 revenue of $236.3M, up 63% year-over-year
- +4 more outcomes
Companies that use K92 Mining
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
K92 Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
K92 Mining partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- SandvikminorMining equipment and services company with Customer Support Centre in Lae, PNG. Provides equipment supply and servicing for K92's underground and surface mining operations. Part of Sandvik's shift from transactional supplier relationships to embedded operational partnerships in frontier mining markets.
- PNG PowercorePower Supply Agreement for supply of electricity to K92 site in Eastern Highlands, PNG. Initial 5-year contract with renewal clause for another 5 years. PNG Power funded Kina 500,000 capital program to increase power reliability. Hydroelectric power is more environmentally friendly and cost-effective than diesel.
Scale indicators29 records
Recent moves10 records
Expansion highlights5 records
K92 Mining competitors and assessment
Company assessmentDirect peers
- B2Gold: Mid-tier gold producer operating mines in Africa and Mali with comparable annual production profile (~1 Moz) and growth pipeline. Similar capital allocation approach focused on low-cost production growth from existing operations.
- Equinox Gold: Multi-asset gold producer with operations across the Americas targeting Tier 1 mid-tier status. Comparable expansion-stage profile and emphasis on production growth from a single district/multi-mine platform.
- IAMGOLD: Intermediate gold producer with assets in West Africa and Canada. Similar mid-tier profile to K92 with multi-asset portfolio and ongoing expansion projects; trades on similar valuation multiples as a growth-oriented gold miner.
- Endeavour Mining: Mid-tier gold producer with multiple West African operations targeting Tier 1 low-cost production growth. Highly comparable to K92 in scale (~250-400 koz target), growth-by-expansion strategy, and focus on Tier 1 jurisdictions.
- Perseus Mining: Mid-tier gold producer with West African operations producing ~500 koz annually. Comparable growth-by-acquisition and expansion strategy with focus on low AISC and multi-asset platform building.
- New Gold: Intermediate gold producer with assets in Canada and Chile, focused on production growth and cost reduction. Similar mid-cap gold growth-stage profile with comparable revenue base.
- Centamin: Gold producer with the Sukari mine in Egypt; comparable single-asset, single-jurisdiction profile to K92 with focus on production growth and exploration around a core operation.
Broad incumbents
- Newmont Corporation: World's largest gold miner, operates the Lihir mine in PNG (one of the world's largest gold deposits). Provides Tier 1 jurisdictional context for PNG gold mining and serves as a benchmark for senior gold producer economics.
- Barrick Gold: Former owner of Kainantu Gold Mine (divested 2015) and one of the world's largest gold producers. Operates the Porgera and Lihir mines in PNG, providing direct jurisdictional and operational comparability at much larger scale.
Regional players
- Harmony Gold: South African-based gold producer with Papua New Guinea operations (Hidden Valley mine). Provides regional PNG gold mining context and operational comparability in the same jurisdiction as K92.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
K92 Mining social profiles
Digital presenceK92 Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
K92 Mining leadership team
Management profileNumber of profiles
Profiles12 records
K92 Mining funding detail
Funding detailFunding overview
Funding rounds8 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
K92 Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about K92 Mining
What does K92 Mining do?
K92 Mining owns and operates the Kainantu Gold Mine in Papua New Guinea, producing gold, copper, and silver concentrate from high-grade underground vein systems through progressively expanded processing plants (Stage 2, 2A, and the newly commissioned Stage 3). The company sells concentrate to commodity trading houses under long-term offtake agreements and is concurrently advancing exploration projects (Arakompa, Blue Lake Porphyry) to expand the resource base and target Tier 1 mid-tier gold-copper producer status.
Is K92 Mining a public or private company?
K92 Mining is a public company. It is classified as public and is currently operating.
When was K92 Mining founded?
K92 Mining was founded in 2015. It employs 1,001 to 5,000 people.
Where is K92 Mining based?
K92 Mining is headquartered in Vancouver, Canada, in the North America region.
How does K92 Mining make money?
Two revenue lines are on record. Gold, Copper, and Silver Concentrate Sales are the primary driver. The others are gold Production.
Who are K92 Mining's main competitors?
Direct peers on record are B2Gold, Equinox Gold, IAMGOLD, Endeavour Mining, Perseus Mining, New Gold and Centamin. Broad incumbents are Newmont Corporation and Barrick Gold. Harmony Gold is listed as a regional player.
Does K92 Mining have an API?
No public API is recorded for K92 Mining.
What industry is K92 Mining in?
K92 Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAD, Precious Metals Ore Processing & Beneficiation. Its NAICS code is 21222 and its SIC code is 1040.