Friday, July 19, 2019

K92 Mining Inc. - KNT.v

K92 Mining Inc. - KNT.v has commenced gold production from the Kora Gold Deposit (via mining at the Kora Northern Extension), which is part of the company’s Kainantu Gold Project located in the Eastern Highlands province of Papua New Guinea.
On July 17, 2019 the company released News

K92 Mining Inc. is pleased to announce that K92 and Barrick Gold Corporation, through its wholly-owned subsidiary, have entered into an amendment agreement amending the share sale agreement dated June 11, 2014. Under the amended terms, K92 will provide Barrick with a cash payment of US$12,500,000 within 60 days from the date of the Amendment Agreement, to eliminate the contingent payment arrangement under the terms of the Original Agreement which continued until March 6, 2025. ​