K92 Mining Releases 2021 Q1 Financial Results - Record Net Cash & Process Plant Throughput - Seite 3

Importantly, all three unexpected events that impacted the operation have been effectively mitigated, with the loader incident and international bulk shipping issued resolved in the first quarter. Late last week, travel restrictions for the resource sector’s expatriate workforce between Australia and Papua New Guinea was lifted, following the introduction of enhanced COVID-19 protocols by the resource sector to ensure there are no further disruptions to the movement of expatriate personnel. K92’s expatriate workforce travelled from Australia to Papua New Guinea this week. With these challenges behind us, we anticipate normal operations being quickly re-established, although we remain vigilant for any potential impacts or issues resulting from the ongoing Covid-19 pandemic.”

Mine Operating Activities  

                                                         

	Three months ended		Three months ended
	March 31, 2021		March 31, 2020
Operating data
Head grade (Au g/t)	8.5		13.6
Gold recovery (%)	88.9%		93.0%
Gold ounces produced	17,774		19,240
Gold ounces equivalent produced (1)	18,654		19,944
Tonnes of copper produced	193		154
Silver ounces produced	7,925		7,678
Financial data (in thousands of dollars)
Gold ounces sold	21,879		18,747
Revenues from concentrate sales	US$29,513		US$27,633
Mine operating expenses	US$7,630		US$8,145
Other mine expenses	US$10,420		US$4,297
Depreciation and depletion	US$2,857		US$2,781
Statistics (in dollars)
Average realized selling price per ounce, net	US$1,735		US$1,502
Cash cost per ounce	US$745		US$752
All-in sustaining cost per ounce	US$1,038		US$885