Overview

* K92 Mining ( KNTNF ) Q2 revenue rises 102% yr/yr but misses analyst expectations

* Net income for Q2 increases 539% yr/yr, reaching $39.2 mln

* Co reports record cash position of $182.9 mln, progresses Stage 3 Expansion

Outlook

* K92 reaffirms 2025 production guidance of 160,000-185,000 oz AuEq

* Company expects stronger production in second half of 2025

* Company advancing Stage 3 expansion, with commissioning set for Q4 2025

Result Drivers

* PRODUCTION INCREASE - K92 reports a 43% increase in gold equivalent production to 34,816 oz in Q2 2025, driven by strong metallurgical recoveries for gold and copper

* COST MANAGEMENT - Net of by-product credit basis cash costs were $786/oz gold and AISC of $1,408/oz gold, with co-product basis cash costs of $907/oz AuEq and AISC of $1,489/oz AuEq

* EXPANSION PROGRESS - 86% completion of Stage 3 and 4 Expansions, including pre-commissioning of the new 1.2 mtpa Stage 3 Process Plant

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $96.30 $98 mln

Revenue mln (1

Analyst)

Q2 EPS $0.16

Q2 Net $39.20

Income mln

Q2 $47 mln

Adjusted

Free

Cash

Flow

Q2 $59.70

EBITDA mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for K92 Mining Inc ( KNTNF ) is C$19.00, about 19.1% above its August 8 closing price of C$15.37

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)