07:48 AM EDT, 08/11/2025 (MT Newswires) -- K92 Mining ( KNTNF ) on Monday said second-quarter net earnings surged as revenue doubled.

Net earnings jumped to US$39.2 million, or US$0.16 per share, from US$6.1 million, or US$0.03 per share. The result beat the consensus analyst estimate of US$0.15 per share, according to FactSet.

Revenue doubled from US$47.8 million, to US$96.3 million, missing the US$98.5 million forecast.

K92 produced 34,816 gold equivalent (AuEq) ounces during the quarter, up from 24,347 ounces in the prior year period and reported strong metallurgical recoveries of 93.3% for gold and 94.9% for copper.

It re-iterated its 2025 operational production guidance of 160,000 to 185,000 oz AuEq.

K92 also reported that 86% of growth capital has either been spent or allocated to the Stage 3 and 4 expansions at the Kainantu Gold Mine in Papua New Guinea. Commissioning of the new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant has already begun and will be completed in the first half of the fourth quarter.