K92 Mining Publishes Fourth Annual Sustainability Report Outlining Significant Achievements in ESG - Seite 2

Note (1): Based on S&P Global Market Intelligence 2020 data on a gold produced basis.
Note (2): Metrics as of mid-2023.

John Lewins, K92 Chief Executive Officer and Director, stated, “On behalf of the K92 team, we are pleased to release our 2022 Sustainability Report, which contains our primary annual disclosures related to ESG topics that are most important to the Company and our stakeholders. The report details our ESG practices and performance during 2022 as we continue to advance Kainantu into one of the industry’s next world-class gold mines.

Throughout the year, we continued our strong focus on generating long-term, sustainable value for all our stakeholders. We continue to pride ourselves on the economic benefits we generate for the economy of PNG, including through employing nearly 1,500 employees and contractors, spending over $81M on procurement in the country, investing strategically in training, skills development, and educational initiatives, and investing over $1.1M throughout the year in direct community investments. We will continue to work diligently in 2023 in support of being a key catalyst for local, regional, and national economic development in PNG.

We are also pleased to have released our inaugural energy and GHG emissions reduction target, which will help drive operational efficiencies and contribute to K92 doing our part to combat the negative impacts of climate change. At the Board level, we refreshed our Sustainability Committee Charter to reinforce our continued focus on effective sustainability management and oversight. We are pleased to now have a Board composed of 43% women, including our Board Chair, the Chair of the Nominating and Corporate Governance Committee, and the Chair of the Sustainability Committee.

While this report covers the 2022 fiscal year, we must acknowledge the tragic fatalities that occurred earlier in 2023 (as disclosed in our press releases dated May 5, 2023 and June 28, 2023). We are committed to transparently disclosing information regarding these incidents and the steps that we have taken to help ensure they do not happen again. We will provide additional disclosures on these matters in our 2023 Sustainability Report.
Safety and the well-being of everyone at K92 is – and always will be – our highest priority.

I look forward to working diligently alongside the K92 team to deliver sustainable value for all our stakeholders in 2023 and beyond.”

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position. A maiden resource estimate on the Blue Lake porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.