Q4 2025 K92 Mining Inc Earnings Call Transcript
Key Points
- K92 Mining Inc (KNTNF) achieved a record annual revenue of $595.2 million in 2025, marking a 70% increase from the prior year.
- The company produced a record 174,134 ounces of gold equivalent in 2025, delivering a 16% year-on-year production growth.
- K92 Mining Inc (KNTNF) successfully inaugurated its new 1.2 million ton per annum Stage 3 expansion process plant, which was delivered under budget.
- The company maintained strong cost discipline, with cash costs of $695 per ounce and all-in sustaining costs of $1,308 per ounce, both beating the guidance ranges for 2025.
- K92 Mining Inc (KNTNF) has a strong financial position with a record $230.9 million in cash and cash equivalents, and a fully funded Stage 3 and Stage 4 expansion projects.
- A tragic incident occurred resulting in the death of a contractor, highlighting safety concerns despite the company's focus on safety.
- All-in sustaining costs have been notably higher than cash costs since the beginning of 2023 due to significant investment in the Stage 3 expansion.
- The company recorded a write-down of property, plant, and equipment of a net $9.4 million in the fourth quarter of 2025.
- K92 Mining Inc (KNTNF) experienced an increase in cost of sales due to higher tons mined and processed, consistent with the ramp-up of the Stage 3 expansion.
- The development in the Puma ventilation drive was slowed due to challenging rock conditions, impacting progress.
Thank you for standing by. This is the conference operator. Welcome to the K92 Mining 2025 fourth quarter financial results conference call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. (Operator Instructions)
I would now like to turn the conference over to David Medilek, President and COO. Please go ahead.
Thank you, operator, and thanks, everyone, for attending K92 Mining's 2025 fourth quarter financial results conference call. We hope you and your family are doing well. In addition to myself, we have on the line John Lewins, Chief Executive Officer and Director; Justin Blanchet, Chief Financial Officer; and Rob Smillie, VP, Exploration.
I would also like to remind everyone that after the remarks from management, the call will be followed by a Q&A session. As we will be making forward-looking statements during the call, please refer to the cautionary notes on is disclosure in MD&A, and slide 2 of the webcast
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