financetom
Business
financetom
/
Business
/
Update: K92 Falls 3% As Reports Suspension Of Underground Operations At Papua New Guinea Gold Mine
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: K92 Falls 3% As Reports Suspension Of Underground Operations At Papua New Guinea Gold Mine
Mar 19, 2024 9:28 AM

12:00 PM EDT, 03/19/2024 (MT Newswires) -- K92 Mining Inc. ( KNTNF ) said Tuesday that undeground operations at the Kainantu gold mine in Papua New Guinea were suspended after an employee died due to a "non-industrial incident."

The company said it has filed an appeal against the suspension order of the underground operations. It added that the processing of stockpiles has resumed following a three-day halt.

According to K92, preliminary findings from the company and the Royal Papua New Guinea Constabulary have concluded that the death is a "non-industrial suspicious incident."

The company said it is working with the relevant government authorities to support their investigations.

K92 at last look fell 3.3% in early Tuesday trading.

Price: 6.14, Change: -0.21, Percent Change: -3.31

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CIBC Lowers Price Targets on Five Canadian Banks Due to Tariffs
CIBC Lowers Price Targets on Five Canadian Banks Due to Tariffs
Mar 5, 2025
08:11 AM EST, 03/05/2025 (MT Newswires) -- CIBC Capital Markets lowered its price targets on five Canadian banks. Analyst Paul Holden reduced his target on Bank of Montreal ( BNKD ) to $152 from $156 (Outperformer), Bank of Nova Scotia ( BNS ) to $75 from $81 (Neutral), National Bank of Canada ( NTIOF ) to $127 from $135 (Neutral),...
Axon Enterprise Plans $1.5 Billion Senior Notes Offering
Axon Enterprise Plans $1.5 Billion Senior Notes Offering
Mar 5, 2025
08:10 AM EST, 03/05/2025 (MT Newswires) -- Axon Enterprise ( AXON ) said Wednesday it plans to sell a total of $1.5 billion of senior notes due 2030 and 2033 in a private offering. The company said it intends to use the net proceeds for general corporate purposes. ...
Top Premarket Decliners
Top Premarket Decliners
Mar 5, 2025
08:12 AM EST, 03/05/2025 (MT Newswires) -- Cutera ( CUTR ) shares fell 42% in recent Wednesday premarket activity, continuing Tuesday's loss. AeroVironment ( AVAV ) stock slipped 21% after reporting overnight lower fiscal Q3 non-GAAP earnings and revenue from a year earlier. CrowdStrike ( CRWD ) shares were down 8%, a day after it issued lower-than-expected fiscal Q1 and...
Brown-Forman Fiscal Q3 Earnings, Net Sales Fall
Brown-Forman Fiscal Q3 Earnings, Net Sales Fall
Mar 5, 2025
08:11 AM EST, 03/05/2025 (MT Newswires) -- Brown-Forman (BF.A, BF.B) reported fiscal Q3 earnings Wednesday of $0.57 per diluted share, down from $0.60 a year earlier. Four analysts polled by FactSet expected $0.44. Net sales for the fiscal quarter ended Jan. 31 were $1.04 billion, down from $1.07 billion a year earlier. Analysts surveyed by FactSet expected $1.08 billion. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved