KNT.TO · 2026-03-02 12:00:00

K92 Mining Announces 2025 Q4 and Annual Financial Results – Record Annual Net Cash Balance, Revenue, Net Earnings, Operating Cash Flow and EBITDA; Annual Production at Upper Half of Guidance, Cash Cost and Aisc Better Than Guidance

Production Results Financials

Suite 488 - 1090 West Georgia Street

Vancouver, British Columbia

Canada V6E 3V7

Telephone: +1 (604) 416-4445

Facsimile: +1 (604) 608-9110

www.k92mining.com

NEWS RELEASE

K92 MINING ANNOUNCES 2025 Q4 AND ANNUAL FINANCIAL RESULTS – RECORD

ANNUAL NET CASH BALANCE, REVENUE, NET EARNINGS, OPERATING CASH

FLOW AND EBITDA; ANNUAL PRODUCTION AT UPPER HALF OF GUIDANCE, CASH

COST AND AISC BETTER THAN GUIDANCE

Vancouver, British Columbia, March 2, 2026 - K92 Mining Inc. (“K92” or the “Company”) (TSX:

KNT; OTCQX: KNTNF) is pleased to announce financial results for the three and twelve months

ended December 31, 2025.

Production

Fourth Quarter 2025

• Strong quarterly production of 47,178 ounces gold equivalent (“ AuEq”)(1) or 44,129 oz gold,

1,940,781 lbs copper and 47,427 oz silver.

• Cash costs of US$768/oz gold, and all-in sustaining costs (“AISC”) of US$1,619/oz gold (3).

• Record quarterly ore processed of 186,198 tonnes, a 93% increase from Q4 2024, with a head

grade of 8.0 grams per tonne (“g/t”) AuEq, or 7.4 g/t gold, 0.5% copper and 10 g/t silver, with

a moderate positive gold and copper grade reconciliation versus the latest independent mineral

resource estimate (September 12, 2023 effective date for Kora and Judd).

• Strong metallurgical recoveries in Q4 of 94.3% for gold and 93.9% for copper, exceeding the

updated definitive feasibility study (“ Updated DFS”) recovery parameters for gold (92.6%)

and performing in line for copper (94.2%) (January 1, 2024 effective date). The new 1.2 million

tonnes-per-annum Stage 3 Expansion Process Plant has performed well, commissioning was

completed in December and, as at the end of October, all material was processed exclusively

through the new plant.

• Record quarterly total material mined (ore plus waste) of 404,205 tonnes and record quarterly

ore mined of 157,882 tonnes, benefitting from the commissioning of the first material pass in

Q3 2025, combined with the commencement of surface trucks operating in the twin incline in

late Q3 2025.

Full Year 2025

• Record annual production at the upper end of guidance, totaling 174,134 oz AuEq (or 176,995

oz AuEq using 2025 guidance commodity prices of $2,375/oz gold, $28/oz silver and $4.25/lb

copper), comprising 164,484 oz gold, 5,942,203 lbs copper and 159,309 oz silver, representing

a 16% increase from 2024. Annual production was within the upper half of the Company’s

2025 guidance range of 160,000 to 185,000 oz AuEq.

• Cash costs of US$695/oz gold and AISC of US$1,308/oz gold, significantly beating guidance

ranges for cash cost of US$710 to US$770/oz gold, and AISC of US $1,460 to US$1,560/oz

gold (3).

• Strong metallurgical recoveries achieved during the year of 94.7% for gold and 94.5% for

copper.

• Record ore processed of 557,156 tonnes for the year, a 30% increase from 2024, with a head

grade of 10.3 g/t AuEq, or 9.7 g/t gold, 0.51% copper, and 10.8 g/t silver.

• Record ore mined of 547,483 tonnes for the year, with record total material movements (ore

plus waste) of 1,411,853 tonnes, a 30% and 31% increase from 2024, respectively.

Financials

Fourth Quarter 2025

• Record quarterly revenue of US$176.8 million, an increase of 47% from Q4 2024.

• Non-adjusted net earnings of US$75.1 million or US$0.31 per share and r ecord quarterly

adjusted net earnings of US$88.5 million or US$0.36 per share(5)(6).

• Record cash, cash equivalents and term deposits totaling US$230.9 million, including a record

$181.6 million net cash position.

• Sales of 40,031 oz gold, 1,726,051 lbs copper and 44,162 oz silver. Gold concentrate and doré

inventory of 14,032 oz as of December 31, 2025, an increase of 6,119 oz over the prior quarter.

• Near-record operating cash flow (before working capital adjustments) for the three months

ended December 31, 2025, of US $99.6 million or US$0.41 per share, and earnings before

interest, taxes, depreciation and amortization (“EBITDA”) (3) of US$114.9 million or US$0.47

per share, a 38% and 37% increase from Q4 2024, respectively.

Full Year 2025

• Record annual revenue of US$595.2 million, an increase of 70% from 2024.

• Record non-adjusted net earnings of US$ 270.2 million or US $1.12 per share and annual

adjusted net earnings of US$288.4 million or US$1.19 per share(5)(6).

• Record annual sales of 159,787 oz gold, 5,550,751 lbs copper and 154,404 oz of silver.

• Record operating cash flow (before working capital adjustments) for the twelve months ended

December 31, 2025, of US$329.3 million or US$1.36 per share, and record earnings before

interest, taxes, depreciation and amortization of US$ 412.0 million or US$1.71 per share (3), a

93% and 110% increase from 2024, respectively.

Growth

• Commissioning and Performance Testing of the new 1.2 million tonnes -per-annum Stage 3

Expansion Process Plant was completed in December, with the plant handed over from the

projects team to the operations team in December.

• As at December 31, 2025, 95% of Stage 3 Expansion growth capital has either been spent or

committed and remains on budget.

• During Q4, significant progress was made on key pastefill infrastructure projects including the

underground Pastefill Plant, Surface Tailings Filtration Plant and the Surface Storage Facility.

Concrete works for the filter press structure at the Surface Tailings Filtration Plant are complete

with substantial progress made on the structural steel erection, mechanical systems, and

electrical switchroom installation. Paste Binder and Filter Cake Storage Facility construction is

advancing well, with detailed design and bulk earthworks complete and civil and concrete

works now underway. Significant progress was made on the underground Pastefill Plant during

the quarter with the 1205 Silo Chamber excavation complete and progressive release of

excavation areas for construction having commenced in January. The overall plant design is

complete and the major contracts executed. Long- lead items for the various pastefill

infrastructure projects continue to arrive on site. Electrical commissioning for the Tailings Filter

Plant is on track to commence in late -February 2026, with practical completion of

commissioning of the pastefill circuit scheduled for H2 2026.

• During the quarter, several key Stage 3 Expansion underground construction and operational

excellence projects were completed or are approaching completion, including:

o Phase 2 Ventilation Upgrade – Full ventilation upgrade completed in Q4.

o Phase 3 Ventilation Upgrade – The Puma Ventilation Drive remains on schedule for

completion in late-Q1 2026.

o Stage 4 Expansion Ventilation Upgrade – Mechanical installation of two 2 MW variable -

speed drive fans was completed in late Q4, with HV electrical works and associated

infrastructure now advancing. Electrification is scheduled for completion in mid-2026.

o Decline-Incline Convergence Project connecting the Main Mine with the Twin Incline via

internal ramp access – Completed in January 2026.

o Significant Load & Haulage Fleet Expansion Underway – A new Sandvik 517i loader

commenced operation in January, an additional Sandvik 517i loader commenced operation

in mid-February, and two more loaders are scheduled to arrive on site in Q2 2026. The truck

fleet is significantly expanding, with five 30 tonne surface haul trucks having arrived on

site in Q3 2025, plus six new 60 tonne surface trucks scheduled to arrive in H1 2026, and a

further two new 60 tonne surface trucks scheduled to arrive in Q4 2026. Additionally, two

Sandvik TH545i (45 tonne) low-profile underground trucks are scheduled to arrive on site

in Q4 2026, replacing high-hour units.

o Primary Power Station – Phase 1 Power Station Expansion to 10.7 MW prime power output

(increased from 8.8 MW) of generation capacity was installed and commissioned in Q4.

Phase 2 Power Station Expansion has progressed significantly, with civil works for the

planned expansion to 15.3 MW prime power output now complete. Long- lead items have

been ordered and completion is planned for Q2 2026.

• Subsequent to quarter end, K92 reported strong results from 101 diamond drill holes from

underground at the Kora, Kora South, Judd and Judd South deposits in addition to Kora and

Judd Deeps. The results include the expansion of a dilatant zone near-mine infrastructure at the

Twin Incline Mining Front, extensions of high- grade zones above the Main Mine at grades

outperforming the 2023 mineral resource estimate (“ MRE”) (effective September 12, 2023 ),

and significant depth extensions at both Kora and Judd from our initial set of deeps drill

program results.

- Expansion of Near-Mine Infrastructure Dilatant Zone in Twin Incline Mining Front

o Significant dilatant zone intercepts from the K2 Vein:

 KMDD0915: 20.50 m at 14.04 g/t AuEq (13.00 g/t Au, 16 g/t Ag, 0.84% Cu) (4)

 KMDD0914: 10.70 m at 10.83 g/t AuEq (9.97 g/t Au, 41 g/t Ag, 0.36% Cu)

- First Set of Kora Deeps and Judd Deeps Results Delivers Significant Depth Extension

with Strong Strike Extent, Thickness and High Grades

o Multiple thick, high-grade interceptions recorded at Kora Deeps along the K1 Vein, up

to 350 m below the Twin Incline and 250 m below the 2023 MRE:

 KMDD0909: 8.00 m at 10.16 g/t AuEq (5.43 g/t Au, 80 g/t Ag, 3.79% Cu)

 KMDD0880A: 17.20 m at 5.04 g/t AuEq (4.41 g/t Au, 18 g/t Ag, 0.41% Cu)

 KMDD0913: 13.75 m at 5.41 g/t AuEq (2.76 g/t Au, 17 g/t Ag, 2.45% Cu)

 KMDD0896: 9.10 m at 6.03 g/t AuEq (2.90 g/t Au, 24 g/t Ag, 2.85% Cu)

 KMDD0944: 12.40 m at 4.11 g/t AuEq (2.32 g/t Au, 18 g/t Ag, 1.58% Cu)

o Multiple thick, high- grade intercepts recorded at Judd Deeps, up to 300 m below the

Twin Incline and 350 m below the MRE:

 KMDD0896: 8.50 m at 8.64 g/t AuEq (8.02 g/t Au, 11 g/t Ag, 0.49% Cu)

 KMDD0944: 6.80 m at 6.21 g/t AuEq (5.28 g/t Au, 42 g/t Ag, 0.43% Cu)

 KMDD0895: 5.05 m at 5.35 g/t AuEq (3.10 g/t Au, 35 g/t Ag, 1.85% Cu)

- High-Grade Zones Continue to Be Extended and Outperform MRE Up-Dip of the Main

Mine at Kora and Judd

o K1 Vein high-grade up-dip extension results from Main Mine include:

 KMDD0893: 4.95 m at 38.46 g/t AuEq (37.99 g/t Au, 6 g/t Ag, 0.40% Cu)

 KMDD0904: 7.40 m at 14.04 g/t AuEq (13.56 g/t Au, 6 g/t Ag, 0.41% Cu)

 KMDD0894: 4.16 m at 24.24 g/t AuEq (23.04 g/t Au, 14 g/t Ag, 1.03% Cu)

 KMDD0883: 4.00 m at 16.80 g/t AuEq (14.79 g/t Au, 16 g/t Ag, 1.82% Cu)

 KMDD0892: 6.10 m at 7.40 g/t AuEq (5.09 g/t Au, 29 g/t Ag, 1.97% Cu)

 KMDD0891: 3.35 m at 8.01 g/t AuEq (6.19 g/t Au, 14 g/t Ag, 1.66% Cu)

o K2 Vein high-grade up-dip extension results from Main Mine include:

 KMDD0977: 18.19 m at 11.70 g/t AuEq (10.40 g/t Au, 8 g/t Ag, 1.21% Cu)

 KMDD0882: 29.30 m at 7.90 g/t AuEq (5.84 g/t Au, 22 g/t Ag, 1.81% Cu)

 KMDD0904: 4.35 m at 29.62 g/t AuEq (26.34 g/t Au, 23 g/t Ag, 3.01% Cu)

 KMDD0906: 16.90 m at 8.29 g/t AuEq (7.20 g/t Au, 5 g/t Ag, 1.03% Cu)

 KMDD0910: 8.00 m at 13.20 g/t AuEq (11.47 g/t Au, 13 g/t Ag, 1.58% Cu)

 KMDD0907: 11.92 m at 5.74 g/t AuEq (4.47 g/t Au, 6 g/t Ag, 1.20% Cu)

 KMDD0905: 3.90 m at 13.77 g/t AuEq (8.58 g/t Au, 52 g/t Ag, 4.59% Cu)

 KMDD0908: 6.85 m at 8.83 g/t AuEq (7.95 g/t Au, 12 g/t Ag, 0.75% Cu)

 KMDD0893: 2.85 m at 16.81 g/t AuEq (11.77 g/t Au, 38 g/t Ag, 4.61% Cu)

 KMDD0911: 7.02 m at 6.54 g/t AuEq (4.79 g/t Au, 11 g/t Ag, 1.62% Cu)

 KMDD0894: 3.70 m at 10.44 g/t AuEq (7.95 g/t Au, 28 g/t Ag, 2.17% Cu)

 KMDD0976: 5.40 m at 9.55 g/t AuEq (8.17 g/t Au, 11 g/t Ag, 1.25% Cu)

o Multiple high-grade intersections recorded at Judd’s J1 Vein continue to extend high-

grade mineralization up-dip from the Main Mine, with multiple intersections exceeding

MRE grades. Highlights include:

 JDD0306: 5.45 m at 66.99 g/t AuEq (66.08 g/t Au, 16 g/t Ag, 0.73% Cu)

 JDD0323: 16.12 m at 14.38 g/t AuEq (14.22 g/t Au, 1 g/t Ag, 0.15% Cu)

 JDD0307: 1.65 m at 185.79 g/t AuEq (183.17 g/t Au, 79 g/t Ag, 1.68% Cu)

 JDD0320: 3.90 m at 56.75 g/t AuEq (55.74 g/t Au, 7 g/t Ag, 0.93% Cu)

 JDD0303: 9.00 m at 12.82 g/t AuEq (12.43 g/t Au, 14 g/t Ag, 0.23% Cu)

 JDD0304: 17.62 m at 5.13 g/t AuEq (4.94 g/t Au, 4 g/t Ag, 0.14% Cu)

 JDD0322: 4.33 m at 15.03 g/t AuEq (14.11 g/t Au, 20 g/t Ag, 0.69% Cu)

 JDD0305: 1.60 m at 27.11 g/t AuEq (26.98 g/t Au, 1 g/t Ag, 0.12% Cu)

 JDD0302: 4.82 m at 6.74 g/t AuEq (6.34 g/t Au, 3 g/t Ag, 0.36% Cu)

 JDD0308: 3.37 m at 6.09 g/t AuEq (5.78 g/t Au, 2 g/t Ag, 0.29% Cu)

- Step-out Drilling Along Strike to the North and South Records High-Grade at Kora and

Judd, Including Multiple +20 g/t AuEq Intersections

o K1 Vein high-grade intersections at Kora South:

 KMDD0873: 7.90 m at 11.26 g/t AuEq (2.57 g/t Au, 155 g/t Ag, 6.87% Cu)

 KMDD0888: 8.15 m at 28.99 g/t AuEq (26.16 g/t Au, 22 g/t Ag, 2.59% Cu)

o K1 Vein high-grade intersections along strike to the north:

 KMDD0936: 19.50 m at 34.04 g/t AuEq (33.46 g/t Au, 26 g/t Ag, 0.27% Cu)

 KMDD0867A: 15.33 m at 9.86 g/t AuEq (8.96 g/t Au, 19 g/t Ag, 0.69% Cu)

o K2 Vein high-grade intersections at Kora South:

 KMDD0869: 6.00 m at 5.86 g/t AuEq (1.62 g/t Au, 79 g/t Ag, 3.31% Cu)

 KMDD0876: 3.70 m at 14.13 g/t AuEq (13.28 g/t Au, 13 g/t Ag, 0.70% Cu)

o K2 Vein high-grade intersections along strike to the north:

 KMDD0932: 3.35 m at 37.07 g/t AuEq (36.00 g/t Au, 21 g/t Ag, 0.83% Cu)

o J1 Vein high-grade intercepts along strike to the north at depth:

 JDD0313: 2.72 m at 24.55 g/t AuEq (24.34 g/t Au, 7 g/t Ag, 0.13% Cu)

 JDD0314: 3.66 m at 13.52 g/t AuEq (10.49 g/t Au, 37 g/t Ag, 2.61% Cu)

o Other high-grade intersections near-mine infrastructure in the Lower Kora Mining Front

include:

 KMDD0903: 1.86 m at 13.75 g/t AuEq (12.58 g/t Au, 5 g/t Ag, 1.11% Cu) at the

K1 Vein and 2.60 m at 22.44 g/t AuEq (21.64 g/t Au, 12 g/t Ag, 0.67% Cu) at the

K2 Vein

- Strong high-grade results recorded towards surface at Judd North with a target area of 800

m strike by 250 to 500 m vertical extent towards surface. K92 plans to commence surface

drilling of this target area in H2 2026. Highlights include:

 JDD0355: 20.29 m at 14.06 g/t AuEq (12.68 g/t Au, 32 g/t Ag, 1.00% Cu)

 JDD0360: 3.05 m at 15.48 g/t AuEq (12.77 g/t Au, 120 g/t Ag, 1.28% Cu)

- See the Company’s news release dated February 18, 2026 for additional details.

The Company’s audited consolidated financial statements and associated management’s discussion and

analysis for the year ended December 31, 2025 are available for download on the Company’s website

and under the Company’s profile on SEDAR+ (www.sedarplus.ca). All amounts are in U.S. dollars

unless otherwise indicated.

See Figure 1: Quarterly Production, Cash Cost and AISC Chart

See Figure 2: Quarterly Total Ore Processed, Development Metres Advanced and Total Mined

Material Chart

See Figure 3: Gold and Copper Recoveries Chart

John Lewins, K92 Chief Executive Officer and Director, stated, “2025 was a transformational year

for K92, delivering record annual revenue, cash flow, earnings and net cash, with production at the

upper end of guidance and costs outperforming guidance. These results reflect strong operational

execution and the continued robust performance of the Kora and Judd deposits.

A major milestone achieved during the year was the successful completion of the state -of-the-art 1.2

million tonne -per-annum Stage 3 Expansion Process Plant, delivered under budget with

commissioning completed in December. Plant performance in Q4 has been very encouraging, with

gold recoveries exceeding Updated Definitive Feasibility Study assumptions and multiple daily

throughput rates above nameplate capacity, positioning K92 to ramp-up production over the course of

2026 and beyond.

We enter 2026 from a position of significant financial strength, with a record net cash balance and the

vast majority of Stage 3 capital already invested. This provides significant flexibility to complete

remaining Stage 3 projects, including the pastefill system, while concurrently accelerating Stage 4

Expansion projects and increasing our exploration budget by more than 50% to US$31–35 million in

2026. Exploration continues to deliver outstanding results, as demonstrated by our February press

release, reinforcing our confidence in the long-term growth potential of Kainantu both near-mine and

regionally.

We expect 2026 to be yet another transformational year as we build on this momentum and continue

progressing toward becoming a Tier 1 mid-tier producer.”

Mine Operating Activities

Three months ended

December 31, 2025

Twelve months ended

December 31, 2025

Operating data

Gold head grade (Au g/t) 7.4 9.7

Copper head grade (%) 0.53% 0.51%

Silver head grade (Ag g/t) 10.0 10.8

Gold equivalent head grade (AuEq g/t) 8.0 10.3

Gold recovery (%) 94.3% 94.7%

Copper recovery (%) 93.9% 94.5%

Gold ounces produced 44,129 164,484

Gold ounces equivalent produced (1) (3) 47,178 174,134

Tonnes of copper produced 880 2,695

Silver ounces produced 47,427 159,309

Financial data (in thousands of dollars)

Gold ounces sold 40,031 159,787

Revenues from concentrate and doré sales US$176,758 US$595,249

Mining, processing and maintenance expenses US$20,787 US$67,099

Other mine expenses US$17,723 US$62,096

Depreciation and depletion US$8,101 US$27,717

Statistics (in dollars)

Average realized selling price per ounce, net (2) US$3,955 US$3,296

Cash cost per ounce (3) US$768 US$695

All-in sustaining cost per ounce (3) US$1,619 US$1,308

Notes:

(1) AuEq in 2025 is calculated based on: gold $3,435 per ounce; silver $41.13 per ounce; and copper $4.60 per pound.

AuEq in Q4 2025 is calculated based on: gold $4,119 per ounce; silver $ 56.36 per ounce; and copper $5.11 per

pound.

(2) The Company provides some non- international financial reporting standard measures as supplementary

information that management believes may be useful to investors to explain the Company’s financial

results. Please refer to non-IFRS financial performance measures in the Company’s management’s discussion and

analysis dated March 1 , 2026, available on SEDAR+ and on the Company’s website, for reconciliation of these

measures.

(3) The average realized selling price per ounce is net of metal payabilities for both concentrate and doré.

(4) AuEq exploration results are calculated using longer-term commodity prices with a copper price of US$5.00/lb, a

silver price of US$50/oz and a gold price of US$3,500/oz. The following recoveries were applied in-line with the

Updated Definitive Feasibility Study: Au – 92.6%, Cu – 94.0%, and; Ag – 78.0%. For CuEq, Metallurgical

recoveries and net smelter returns are not considered.

(5) This press release presents information about the Company’s Adjusted Net Earnings (Loss) and Adjusted EPS,

which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS.

These measures have been derived from the Company's financial statements because the Company believes that,

in addition to conventional measures prepar ed in accordance with IFRS, certain investors and stakeholders will

use the non-IFRS measures to evaluate the Company’s future operating and financial performance. However, these

non-IFRS performance measures do not have any standardized meaning and may therefore not be comparable to

similar measures presented by other issuers. Accordingly, these non -IFRS performance measures are intended to

provide additional information and should not be considered in isolation or as a substitute of performance measures

prepared in accordance with IFRS.

(6) “Adjusted net earnings” and “adjusted earnings per share” are non- GAAP financial measures with no standard

meaning under IFRS which exclude the following from net earnings: write down of assets and realized and

unrealized loss on derivates.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Conference Call and Webcast to Present Results

K92 will host a conference call and webcast to present the 2025 fourth quarter financial results at 8:30

am (EST) on Monday, March 2, 2026.

• Listeners may access the conference call by dialing toll -free to 1-833-752-3535 within North

America or +1-647-846-8278 from international locations.

The conference call will also be broadcast live (webcast) and may be accessed via the following link:

https://event.choruscall.com/mediaframe/webcast.html?webcastid=LsiMOU36

Qualified Person

K92 Mine Chief Geologist, Andrew Kohler, PGeo, a qualified person under the meaning of Canadian

National Instrument 43- 101 – Standards of Disclosure for Mineral Projects, has reviewed and is

responsible for the technical content of this news release. Data verification by Mr. Kohler includes

significant time onsite reviewing drill core, face sampling, underground workings, and discussing work

programs and results with geology and mining personnel.

Technical Report

The Updated Definitive Feasibility Study and mineral resource estimate for the Kainantu Gold Mine

Project in Papua New Guinea is presented in a technical report, titled, “Independent Technical Report,

Kainantu Gold Mine, Updated Definitive Feasibility Study, Kainantu Project, Papua New Guinea”

dated March 21, 2025, with an effective date of January 1, 2024.

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in

the Eastern Highlands province of Papua New Guinea, as well as exploration and development of

mineral deposits in the immediate vicinity of the mine. The Company declared commercial production

from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1

mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper -

gold porphyry project was completed in August 2022. K92 is operated by a team of mining company

professionals with extensive international mine-building and operational experience.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating

Officer at +1-604-416-4445

CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news

release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such

forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility

Study, including the Stage 3 Expansion, a new standalone 1.2 million tonnes -per-annum process plant and

supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the

deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface

infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.

All statements in this news release that address events or developments that we expect to occur in the future are

forward-looking statements. Forward- looking statements are statements that are not historical facts and are

generally, although not always, id entified by words such as “expect”, “plan”, “anticipate”, “project”,

“target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar

expressions or their negative connotations, or that events or conditions “will”, “wo uld”, “may”, “could”,

“should” or “might” occur. All such forward- looking statements are based on the opinions and estimates of

management as of the date such statements are made. Forward -looking statements are necessarily based on

estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other

factors, many of which are beyond our ability to control, that may cause our actual results, level of activity,

performance or achievements to be materially different from those expressed or implied by such forward-looking

information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic

viruses; changes in the price of gold, silver, copper and other metals in the world markets; fl uctuations in the

price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency

exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry,

including problems related to weather and climate in remote areas in which certain of the Company’s operations

are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with

exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that

mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and

future operations, including development and exploration activities at the Arakompa, Kor a, Judd and other

projects; the timing, extent, duration and economic viability of such operations, including any mineral resources

or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and

assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and

cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability

of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures

of information systems or information security threats; political, economic and other risks associated with the

Company’s foreign operations; geopolitical events and other uncertain ties, such as the conflicts in Ukraine,

Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is

subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the

current and future social, economic and political conditions, including relationship with the communities in

Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with

the mining industry; and the risks, unce rtainties and other factors referred to in the Company’s Annual

Information Form under the heading “Risk Factors”.

Estimates of mineral resources are also forward-looking statements because they constitute projections, based

on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future

and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is

inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are

not mineral reserves do not have demonstrated economic viability. The accu racy of any such estimates is a

← Back to feed