Q2 2026 K92 Mining Inc Earnings Call Transcript
Key Points
- Record quarterly mill throughput of 225,965 tonnes and record material mined of 426,012 tonnes, driven by the ramp-up of the second mining front and new infrastructure.
- Record cash balance of $349.4 million and a record net cash position of $310 million, with Stage 3 and 4 expansions fully funded.
- Strong safety performance with a total reportable injury frequency rate well below the industry average, and implementation of the Skytrust safety platform.
- Exploration success at Arakompa, including high-grade intercepts and a maiden resource estimate planned for H2 2026, plus promising porphyry targets.
- Record monthly development of 1,220 meters in July, exceeding Stage 4 requirements, and significant progress on key enablers like the primary ventilation fans and pastefill system.
- Cash costs increased quarter-over-quarter due to lower head grades, partially offset by byproduct credits.
- All-in sustaining costs remain elevated at $1,376 per ounce (byproduct basis) due to substantial investment in the Stage 3 Expansion, though expected to decline post-completion.
- The Q2 earnings call was disrupted by technical difficulties, preventing the Q&A session and limiting investor engagement.
- Copper head grades were low during the quarter, impacting overall metal recoveries and byproduct credits.
- The company faces ongoing operational constraints, such as ventilation limitations and surface haulage inefficiencies, which are being addressed but still impact current performance.
Thank you for standing by. This is the conference operator. Welcome to the K92 Mining 2026 second-quarter financial results conference call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. (Operator Instructions)
I would now like to turn the conference call over to David Medilek, President and COO. Please go ahead.
Thank you, operator, and thanks, everyone, for attending K92 Mining's 2026 second-quarter financial results conference call. We hope you and your families 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 and risk disclosure in our MD&A and slide 2 of the
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