07:10 AM EDT, 10/16/2025 (MT Newswires) -- K92 Mining ( KNTNF ) Thursday said it has produced its first commercial-grade gold-copper-silver concentrate and plans to soon commence shipments from a new process plant at its Kainantu gold mine in Papua New Guinea.

The company Thursday inaugurated the Stage 3 Expansion process plant, which has a capacity of 1.2 million tonnes per annum, with a gold pour producing 458 ounces of dore.

The process plant is on track to complete commissioning in the first half of the fourth quarter. It was delivered under budget and represents the largest growth capital item for the Stage 3 Expansion, of which 90% has been spent or committed as of Sept. 30.

The plant's first production marks a major operational milestone as the company advances toward tier 1, mid-tier producer status, the company said.

K92's share price rose 2.1% to $20.25, approaching 52-week highs, on the Toronto Stock Exchange Wednesday.