K92 Mining announces Q4 production results - record quarterly production 53,401 oz AuEq, record annual production significantly exceeds production guidance
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Record quarterly production of 53,401 oz gold equivalent (“AuEq”) (1) or 51,371 oz gold, 958,312 lbs copper and 41,992 oz silver, representing a 37% increase from Q4 2023 and a 21% increase from the previous quarterly record set in Q3 2024. Record quarterly sales of 48,350 oz gold, 946,704 lbs copper and 41,720 oz silver. Record annual production of 149,515 oz AuEq or 139,123 oz gold, 4,926,738 lbs copper and 142,063 oz silver, increasing 27% from 2023 and significantly exceeding the production guidance range of 120,000 to 140,000 ounces AuEq.
Record annual sales of 140,659 oz gold, 5,043,134 lbs copper and 145,060 oz silver. Record metallurgical recoveries in Q4 of 96.4% for gold and near-record recoveries of 94.
7% for copper, with December achieving record monthly gold recoveries of 97.1% and copper recoveries of 96.1%.
Annual gold recoveries of 94.6% and copper recoveries of 94.1% compare favourably to the recovery parameters from the Updated Integrated Development Plan (IDP), of 92.
6% and 94.2%, respectively (January 1, 2024 effective date). Quarterly ore processed of 96,614 tonnes with a head grade of 18.
0 grams per tonne (“g/t”) AuEq, or 17.3 g/t gold, 0.47% copper and 15.
2 g/t silver. AuEq head grade in Q4 was the highest since Q2 2020 and was above budget, benefiting from a combination of higher grade stopes from Kora and Judd plus a notable positive gold grade reconciliation and moderate positive copper grade reconciliation versus the latest independent miner.
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