trending Market Intelligence /marketintelligence/en/news-insights/trending/NGoMLR_LRBIxKwYczbCokQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

K92 Mining approves Kainantu gold mine expansion, looking at debt

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

K92 Mining approves Kainantu gold mine expansion, looking at debt

K92 Mining Inc. will go ahead with an expansion of the Kainantu gold mine in Papua New Guinea, doubling capacity to 400,000 tonnes a year, the company said in a March 13 news release.

K92 projected gold production at Kainantu of between 68,000 and 75,000 ounces of gold equivalent in 2019 and between 115,000 and 125,000 ounces of gold equivalent in 2020.

The gold miner said it would rely on cash flow and a possible debt financing, which is under negotiation, to fund the expansion.

Capital costs related to the expansion would be about US$15 million over the next year.

In a recent preliminary economic assessment, K92 pegged the net present value of the expansion project at US$559 million after taxes. The study outlined a project with a 13-year mine life and total production of about 1.3 million ounces of gold and 60,000 tonnes of copper from the Kora and Kora North deposits.

All-in sustaining costs are expected at between US$780/oz and US$820/oz of gold equivalent in 2019 and to drop to under US$700/oz of gold equivalent in 2020.