K92 Mining (KNT) Mining Forum Americas 2026 summary

Leadership and organizational updates

• Leadership transitions include a new non-executive chair, a new COO, and a new director.

• Continuity is emphasized in the management team, supporting ongoing operations.

Operational performance and expansions

• Stage 3 Expansion completed in 2025, with a new 1.2 million ton per annum process plant now operational.

• Ramp-up targets 300,000 oz gold equivalent per year, with Stage 4 aiming for over 400,000 oz.

• Record-setting mine physicals and lateral advance achieved, exceeding requirements for current and future expansions.

• Nine consecutive quarters of gold recoveries above DFS parameters; copper recoveries in line.

• Major infrastructure upgrades include twin incline, ore passes, and ventilation improvements.

Financial and market highlights

• Market cap around CAD 7 billion, mid-year cash balance of CAD 350 million, and debt at CAD 40 million.

• Cash balance increased and some debt repaid in Q3; 70% institutional ownership.

• Stock re-rating expected, with premium P/NAV multiples anticipated.