Q2 2026 K92 Mining Inc Earnings Call

August 10, 2026

Speaker #1: Thank you for standing by. This is the conference operator. Welcome to the K92 Mining Q2 2026 second quarter financial results conference call. As a reminder, all participants are in a listen-only mode.

Operator: Thank you for standing by. This is the conference operator. Welcome to the K92 Mining 2026 Q2 Financial Results Conference call. As a reminder, all participants are in a listen-only mode. The conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star and then one on a telephone keypad. Should you need assistance during the conference call, you may reach an operator by pressing star and zero. I would now like to turn the floor over to David Medilek, President and COO. Please go ahead.

Speaker #1: The conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star, then 1, on your telephone keypad.

Speaker #1: Should you need assistance. During the conference, call you may reach an operator by pressing star and 0. I would now like to turn the floor over to David Medilek, President and COO.

Speaker #1: Please go ahead.

Speaker #2: Thank you, operator, and thanks, everyone, for attending K92 Mining's 2026 second quarter financial results conference call. In addition to myself, we have on the line John Lewins, Chief Executive Officer and Director; Justin Blanchet, Chief Financial Officer; and Rob Smiley, VP of Exploration.

David Medilek: Thank you, operator, and thank you everyone for attending K92 Mining's 2026 Q2 financial results conference call. We hope you and your families are doing well. In addition to myself, we have on the line John Lewins, Chief Executive Officer and Director, Justin Blanchet, Chief Financial Officer, and Rob Smillie, VP Exploration. I would also like to remind everyone that after the remarks from management, the call will be followed by a Q&A session. As we will be making forward-looking statements during the call, please refer to the cautionary notes and risk disclosure in our MD&A and slide two of the webcast presentation. Also, please bear in mind that all dollar amounts mentioned in the conference call are in United States dollars unless otherwise noted. Now I'll turn it over to John to provide you with an overview.

Speaker #2: I would also like to remind everyone that, after the remarks from management, the call will be followed by a Q&A session. As we will be making forward-looking statements during the call, please refer to the cautionary notes and risk disclosure in our MD&A and slide 2 of the webcast presentation.

Speaker #2: Also, please bear in mind that all dollar amounts mentioned in the conference call are in United States dollars unless otherwise noted. Now, I'll turn it over to John to provide you with an overview.

Speaker #3: Well, thank you, David, and welcome, everyone. We begin with safety. K92's highest priority. For many years, K92 has been operating with one of the better safety records in the Australasian region.

John Lewins: Well, thank you, David, and welcome everyone. We begin with safety, K92's highest priority. For many years, K92 has been operating with one of the better safety records in the Australasian region. Our Total Reportable Injury Frequency, as shown in the charts on the left, has been improving year over year and is well below the average reported by the International Council on Mining and Metals, which includes many of the world's largest mining companies. Field level risk assessments, hazard identification, and safety observations, as shown on the right chart, have significantly increased over the past 3 years, which are positive leading indicators for safety. Our safety-first culture continues to strengthen as we enhance our systems and introduce new safety technologies. The system improves the management of safety and environmental incidents, frontline safety interactions, injury management, inspections, audits, and broader health and safety documentation across the operation.

Speaker #3: Our total reportable injury. As shown in the chart on the left, has been improving year over year. And is well below the average reported by the International Council on Mining and Metals.

Speaker #3: Which includes many of the world's largest mining companies. Field-level risk assessments, hazard identification, and safety observations, as shown on the right chart, have significantly increased over the past three years.

Speaker #3: Positive leading indicators for safety include the strengthening of our safety-first culture, the enhancement of our systems, and the introduction of new safety technologies. Our system improves the management of safety and environmental incidents, frontline safety interactions, injury management, inspections, audits, and broader health and safety documentation across the operation.

Speaker #3: This represents a meaningful step forward in our occupational health and safety management systems. Safety always is one of K92's core values. And we remain steadfast in our commitment to achieving our ultimate goal, zero harm across our entire workforce.

John Lewins: This represents a meaningful step forward in our occupational health and safety management systems. Safety always is one of K92's core values, and we remain steadfast in our commitment to achieving our ultimate goal: zero harm across our entire workforce. On sustainability, K92 was proud to publish our 2025 Sustainability Report in June. The report builds on previous versions, maintaining alignment with the SASB Metals and Mining Standards for the seventh consecutive year and includes climate-related disclosures in alignment with the TCFD framework. The report highlights K92's strong commitment to ESG and to the people and the country of Papua New Guinea, including 91% of our employees and permanent contractors are from Papua New Guinea, with a major focus on hiring and developing talent within Papua New Guinea and especially from our local communities.

Speaker #3: On sustainability, K92 was proud to publish our 2025 Sustainability Report in June. The report builds on previous versions, maintaining alignment with the SASB Metals and Mining Standards for the seventh consecutive year, and includes climate-related disclosures in alignment with the TCFD framework.

Speaker #3: The report highlights K92's strong commitment to ESG and to the people and country of Papua New Guinea, including that 91% of our employees and permanent contractors are from Papua New Guinea, with a major focus on hiring and developing talent within Papua New Guinea, especially from our local communities.

Speaker #3: Our strong commitment to supporting the local economy includes $33 million of expenditure supporting local joint ventures, and procurement of $162 million incurred within Papua New Guinea, representing 52% of our total procurement for the mine.

John Lewins: Our strong commitment to supporting the local economy, including $33 million of expenditure supporting local joint ventures and procurement of $162 million incurred within Papua New Guinea, representing 52% of our total procurement for the mine. Significant tax and royalty paid, including $139 million in 2025, 122% increase over 2024, including $98.7 million in corporate tax. I'd also like to highlight that in 2026 year to date, we have already eclipsed 2025 in terms of corporate tax paid, with approximately $121 million paid as at the end of June. This has gained significant positive coverage in the media in Papua New Guinea.

Speaker #3: Significant tax and royalty paid, including $139 million in 2025—a 122% increase over 2024—including $98.7 million in corporate tax. I’d also like to highlight that in 2026, year to date, we have already eclipsed 2025 in terms of corporate tax paid, with approximately $121 million paid as at the end of June.

Speaker #3: This has gained significant positive coverage in the media in Papua New Guinea. There has been significant progress on K92's first PNG Infrastructure Tax Credit Scheme project, with 35% physical completion at the end of 2025 for the Concura-Billamaya Road upgrade.

John Lewins: Significant progress on K92's first PNG Infrastructure Tax Credit Scheme project, with 35% physical completion at the end of 2025 of the Konkoua-Bilemaya Road upgrade, which will connect many of our communities to the main road network and ultimately lead to significant opportunities to increase trade and business development. The project is now at 48% complete as at the end of June. The establishment of the Kainantu Endowment, an independent charitable trust dedicated to advancing education, skills development, long-term opportunity for the people across Papua New Guinea. K92 is extremely proud of the positive impact it's having on the prosperity and development of Papua New Guinea, and we encourage you to read our report found at www.k92mining.com. Moving on to operations.

Speaker #3: Which will connect many of our communities to the main road network and ultimately lead to significant opportunities to increase trade and business development. The project is now at 48% complete as at the end of June.

Speaker #3: And then the establishment of the K92 Endiament, an independent charitable trust dedicated to advancing education, skills development, long-term opportunity for the people across Papua New Guinea.

Speaker #3: K92 is extremely proud of the positive impact it's having on the prosperity and development of Papua New Guinea, and we encourage you to read our report, found at www.k92mining.com.

Speaker #3: Moving on to operations. During the quarter, the K92 Mine produced 46,093 ounces gold equivalent, with mill throughput totaling a quarterly record of 225,965 tons, and a head grade of 6.7 grams per ton gold equivalent.

John Lewins: During the quarter, the Kainantu Mine produced 46,093 ounces gold equivalent with mill throughput totaling a quarterly record of 225,965 tons and a head grade of 6.7 gram per ton gold equivalent, benefiting from a moderate positive gold grade reconciliation versus the latest independent Mineral Resource Estimate. Cash costs of $850 per ounce gold and All-in Sustaining Costs of $1,376 per ounce gold were recorded for the quarter on a by-product basis. On a co-product basis, Cash costs of $1,045 per ounce gold equivalent and All-in Sustaining Costs of $1,529 per ounce gold equivalent were reported. As shown on the chart, All-in Sustaining Costs have remained meaningfully above Cash costs since early 2023, reflecting K92's substantial investment in the Stage 3 expansion. Costs are expected to decline materially once the expansion is completed and the operation reaches steady state production.

Speaker #3: Benefiting from a moderate positive gold grade reconciliation versus the latest independent mineral resource estimate. Cash costs of $850 per ounce gold and all-in sustaining costs of $1,376 per ounce gold were recorded for the quarter on a by-product basis.

Speaker #3: On a co-product basis, cash costs of $1,045 per ounce gold equivalent, and all-in sustaining costs of $1,529 per ounce gold equivalent were reported.

Speaker #3: As shown on the chart, all-in sustaining costs have remained meaningfully above cash costs since early 2023, reflecting K92's substantial investment in the Stage Three Expansion.

Speaker #3: Costs are expected to decline materially once the expansion is completed and the operation reaches steady-state production. Importantly, even at these temporarily elevated levels, K92 remains in the lower half of the industry all-in sustaining cost curve.

John Lewins: Importantly, even at these temporarily elevated levels, K92 remains in the lower half of the industry All-in Sustaining Cost curve, underscoring the high quality of the Kainantu Gold Mine and the company's continued focus on cost discipline. In terms of processing, as previously noted, Q2 was a record quarter in total tonnes milled and marked the second full quarter in which all material was processed exclusively through the new plant, which continues to deliver a very strong performance. Overall metal recoveries were 93.8% for gold, exceeding the updated definitive feasibility study parameter for the ninth consecutive quarter. While copper recoveries performed well during a low copper head grade quarter. In terms of our key operational quarterly physicals, we took a major step forward in the second quarter. We achieved record mill throughput, as noted earlier.

Speaker #3: Underscoring the high quality of the K92 gold miner and the company's continued focus on cost discipline. In terms of processing, as previously noted, Q2 was a record quarter in total tons milled, and marked the second full quarter in which all material was processed exclusively through the new plant, which continues to deliver a very strong performance.

Speaker #3: Overall metal recoveries were 93.8% for gold, exceeding the updated definitive feasibility study parameter for the ninth consecutive quarter, while copper recoveries performed well during a low copper head grade quarter.

Speaker #3: In terms of our key operational quarterly physicals, we took a major step forward in the second quarter. We achieved record mill throughput, as noted earlier.

Speaker #3: We also achieved a record material mined of 426,012 tons, and ore tons mined of 228,254 tons. This was driven by the introduction and progressive ramp-up of the second mining front, which commenced stoping in April; the improved material movement capacity from the delivery of a second material pass system in June; the completion of the internal ramp; and the surface breakthrough of the Puma vent incline in Q1.

John Lewins: We also achieved record material mined of 426,012 tonnes and ore tonnes mined of 228,254 tonnes, driven by the introduction and progressive ramp-up of the second mining front, which commenced stoping in April. The improved material movement capacity from the delivery of a second material pass system in June, the completion of the internal ramp, and the surface breakthrough of the Puma Vent decline in Q1. Total mine development for the quarter reached a record 3,326 meters, up 35% year over year, and exceeding the required development rate of 3 kilometers per quarter for the Stage 3 expansion by 11%. In May, we achieved a monthly record of 1,150 meters, and I'm pleased to report that subsequent to the quarter end, we achieved a new monthly development record of 1,220 meters in July, exceeding the Stage 4 Expansion development rate of 1.2 kilometers per month.

Speaker #3: Total mine development for the quarter reached a record 3,326 meters, up 35% year over year, and exceeding the required development rate of 3 kilometers per quarter for the Stage Three Expansion by 11%.

Speaker #3: In May, we achieved a monthly record of 1,150 meters, and I'm pleased to report that subsequent to the quarter end, we achieved a new monthly development record of 1,220 meters in July.

Speaker #3: Exceeding the Stage Four expansion development rate of 1.2 kilometers per month. Importantly, this was achieved ahead of the completion of multiple key enablers scheduled for this quarter.

John Lewins: Importantly, this was achieved ahead of the completion of multiple key enablers scheduled for this quarter. In addition to the planned arrival of a further new jumbo in late Q4, highlighting that K92 is well positioned to significantly exceed Stage 4 development requirements starting in early 2027. This is expected to provide a considerable boost to our operational flexibility. For the H2 of the year, we expect production to be strongest, driven by increased mine physicals and plant throughput as more key enabler projects come online, which will be discussed later in this presentation. Plus, a scheduled higher grade stoping sequence in Q4. We reiterate our production guidance for 2026. I will now turn the call over to our Chief Financial Officer, Justin Blanchet, to discuss our financial results for Q2.

Speaker #3: In addition to the planned arrival of a further new jumbo in late Q4, this highlights that K92 is well-positioned to significantly exceed Stage Four development requirements starting in early 2027.

Speaker #3: This is expected to provide a considerable boost to our operational flexibility. For the second half of the year, we expect production to be strongest.

Speaker #3: Driven by increased mine physicals and plant throughput, as more key enabler projects come online—which will be discussed later in this presentation—plus a scheduled higher-grade stoping sequence in Q4.

Speaker #3: We reiterate our production guidance for 2026. I will now turn the call over to our chief financial officer, Justin Blanchet, to discuss our financial results for the second quarter.

Speaker #1: Thank you, John, and hello everyone. Revenue for the quarter was $205.2 million, an increase of 113% compared to the same period in the prior year. We sold 46,682 gold ounces at an average selling price of $4,493, compared to 28,864 ounces at an average selling price of $3,166 during the same period in the prior year.

Justin Blanchet: Thank you, John. Hello, everyone. Revenue for Q2 was $205.2 million, an increase of 113% when compared to the same period in the prior year. We sold 46,682 gold ounces at an average selling price of $4,493, compared to 28,864 ounces at an average selling price of $3,166 during the same period in the prior year. As at 30 June 2026, there were 9,225 gold ounces in inventory, including both concentrate and doré, a decrease of 3,093 ounces when compared to 31 March 2026. K92 had quarterly cost of sales of $64.7 million, compared to $32.4 million in the same period prior year, or $49.8 million compared to $26.2 million when excluding non-cash items. The increase in cost of sales was driven by significantly higher tonnes mined and processed when compared to the same period in the prior year.

Speaker #1: As at June 30, 2026, there were 9,225 gold ounces in inventory, including both concentrate and doré, a decrease of 3,093 ounces compared to March 31, 2026.

Speaker #1: K92 had a quarterly cost of sales of $64.7 million, compared to $32.4 million in the same period prior year, or $49.8 million compared to $26.2 million when excluding non-cash items.

Speaker #1: The increase in cost of sales was driven by significantly higher tons mined and processed when compared to the same period in the prior year. This is consistent with the higher mining and processing activity associated with the ramp-up of the Stage Three Expansion.

Justin Blanchet: This is consistent with the higher mining and processing activity associated with the ramp-up of the Stage 3 expansion. Cash flow from operating activities before changes in working capital was $105.1 million for Q2, compared to $47 million during the same period in the prior year. As of 30 June 2026, K92 had a record $349.4 million in cash and cash equivalents, a record working capital balance of $396.7 million, and a record net cash position of $310 million. Importantly, the Stage 3 and Stage 4 expansion projects are fully funded and our financial position is strong. We also have access to significant amounts of liquidity through undrawn credit facilities with $60 million available to draw down on demand and $5 million of loan principal repaid during Q2.

Speaker #1: Cash flow from operating activities before changes in working capital was $105.1 million for the second quarter, compared to $47 million during the same period in the prior year.

Speaker #1: As of June 30th, 2026, K92 had a record 349.4 million in cash and cash equivalents, a record working capital balance of 396.7 million, and a record net cash position of 310 million.

Speaker #1: Importantly, the Stage Three and Four expansion projects are fully funded, and our financial position is strong. We also have access to significant amounts of liquidity through undrawn credit facilities, with $60 million available to draw down on demand, and $5 million of loan principal repaid during the quarter.

Speaker #1: We would also highlight that our downside exposure to the gold price is protected through a cost-effective put option program extending to the end of 2026.

Justin Blanchet: We would also highlight that our downside exposure to the gold price is protected through a cost-effective put option program extending to the end of 2026. The program covers 10,000 ounces per month at a strike price of $3,500 per ounce. Importantly, this is not a hedge. If the spot price of gold is above $3,500 per ounce, we will sell at the higher market price. The put simply puts downside protection while preserving the full exposure to any further upside in gold prices. As John mentioned, during Q2 2026, the K92 gold operations produced 42,931 ounces of gold, 1,780,506 pounds of copper, and 50,109 ounces of silver, or 46,093 ounces of gold equivalent. We sold 46,682 ounces of gold, 1,811,181 pounds of copper, and 49,004 ounces of silver.

Speaker #1: The program covers 10,000 ounces per month at a strike price of 3,500 dollars per ounce. Importantly, this is not a hedge. If the spot price of gold is above 3,500 per ounce, we will sell at the higher market price.

Speaker #1: The put simply puts downside protection while preserving the full exposure to any further upside in gold prices. As John mentioned, during the second quarter of 2026, the K92 gold operations produced 42,931 ounces of gold, 1,780,506 pounds of copper, and 50,109 ounces of silver, or 46,093 ounces of gold equivalent.

Speaker #1: We sold 46,682 ounces of gold, 1,811,181 pounds of copper, and 49,004 ounces of silver. On a by-product basis, we recorded a cash cost of $859 per ounce and an all-in sustaining cost of $1,376 per ounce of gold in Q2 2026.

Justin Blanchet: On a by-product basis, we recorded a cash cost of $859 per ounce, and an All-in Sustaining Cost of $1,376 per ounce of gold in Q2 2026. Our All-in Sustaining Cost in Q2 was significantly below our realized selling price of $4,493 per ounce, reflecting our strong cost discipline and the Kainantu Gold Mine's asset quality. Our cash cost increased when compared to the prior period, largely due to lower head grades, which was partially offset by higher by-product credits. We will see downward pressure on costs via economies of scale as operations ramp up and the Stage 3 expansion is complete. I will now turn the call back to John to discuss growth and exploration.

Speaker #1: Our all-in sustaining cost in Q2 was significantly below our realized selling price of 4,493 dollars per ounce, reflecting our strong cost discipline and the K92 gold mine's asset quality.

Speaker #1: Our cash cost increased when compared to the prior period, largely due to lower head grades, which was partially offset by higher by-product credits. We will see downward pressure on costs, via economies of scale, as operations ramp up and the Stage 3 Expansion is complete.

Speaker #1: I will now turn the call back to John to discuss growth and exploration.

Speaker #2: Well, thank you, Justin. Turning to growth and exploration, we begin with an update on the stage three and stage four expansions, which are expected to fundamentally transform K92 into a tier-one, mid-tier gold producer.

John Lewins: Well, thank you, Justin. Turning to growth and exploration, we begin with an update of the Stage 3, Stage 4 expansions, which are expected to fundamentally transform K92 into a tier 1 mid-tier gold producer. The Stage 3 expansion, as outlined in our updated definitive feasibility study, supports a 1.2 million ton per annum throughput rate, producing 300,000 ounces gold equivalent per annum at the run rate. Stage 4 will take us to over 400,000 ounces gold equivalent per annum at the run rate, targeting expanded plant commissioning in late 2027. The 600,000 ton per annum Stage 2A plant, which has been idled, provides additional capacity for future expansion beyond Stage 4. The delivery of Stage 3 expansion ramp-up is driven by several key enablers, which have already driven a significant ramp-up in mining and processing physicals, as shown earlier.

Speaker #2: The Stage Three expansion, as outlined in our updated Definitive Feasibility Study, supports a 1.2 million ton per annum throughput rate, producing 300,000 ounces gold equivalent per annum at run rate, and Stage Four will take us to over 400,000 ounces gold equivalent per annum at the run rate, targeting expanded plant commissioning in late 2027.

Speaker #2: The 600,000-ton-per-annum Stage 2A plant, which has been idled, provides additional capacity for future expansion beyond Stage 4. The delivery of the Stage 3 expansion ramp-up is driven by several key enablers, which have already driven a significant ramp-up in mining and processing physicals, as shown earlier.

Speaker #2: Starting with underground, the twin incline was completed in 2024. The internal ramp system in Q1 of this year first material passed Q3 last year, second material passed completed in June of this year, development of a third material pass is underway targeting Q4 of this year, and the Puma vent drive broke through in late February.

John Lewins: Starting with underground, the twin incline was completed in 2024. The internal ramp system in Q1 of this year. First material pass, Q3 last year. Second material pass completed in June of this year. Development of a third material pass is underway, targeting Q4 of this year, and the Puma Vent Drive broke through in late February. The breakthrough of the Puma, together with the internal ramp, resulted in a significant increase in underground primary ventilation, which now meets the initial ventilation requirements for the Stage 3 expansion. Up until that point, ventilation was a notable operating constraint. The delivery of the paste fill system will be another key enabler of the Stage 3 and Stage 4 expansions, particularly Stage 4, providing greater flexibility in mine sequencing and improving stopping performance, including lower dilution, reduced waste handling, and higher mining recoveries.

Speaker #2: The breakthrough of the Puma, together with the internal ramp, resulted in a significant increase in underground primary ventilation, which now meets the initial ventilation requirements for the Stage 3 expansion.

Speaker #2: Up until that point, ventilation was a notable operating constraint. The delivery of the paste fill system will be another key enabler of the Stage 3 and Stage 4 expansions, particularly Stage 4, providing greater flexibility in mine sequencing and improving stoping performance, including lower dilution, reduced waste handling, and higher mining recoveries.

Speaker #2: On this slide, we provided several images to highlight the significant positive impact of some of the key enabler projects. Starting with the twin incline, the image on the left is the incline acquired from Barrick, which moved all production tons until recently.

John Lewins: On this slide, we provided several images to highlight the significant positive impact of some of the key enabler projects. Starting with the twin incline, the image on the left is the incline acquired from Barrick, which moved all production tons until recently. The image on the right is the new incline, which we completed, as I said, in 2024, and which enables 50% larger trucks at faster speeds. It effectively is an underground highway for material transport. In late January, we completed the internal ramp, enabling all of the mining fronts to now be connected to the highly productive twin incline. As you can see from the image, it was a big deal for our crews with the banner, "We are one mine." Before then, we effectively operated two separate crews and fleets in the lower and upper mine, respectively.

Speaker #2: The image on the right is the new incline, which we completed as I said in 2024, and which enables 50% larger trucks at fastest speeds; it effectively is an underground highway for material transport.

Speaker #2: In late January, we completed the internal ramp, enabling all of the mining fronts to now be connected to the highly productive twin incline. As you can see from the image, it was a big deal for our crews, with the banner 'We Are One Mine.' Before then, we effectively operated two separate crews and fleets in the lower and upper mine, respectively. Now, we are much more efficient as a single mine.

John Lewins: Now we are much more efficient as a single mine. As shown in the prior slide, a large majority of the resource sits above the twin incline, which gives us a significant gravity advantage that we are leveraging through the installation of material passes. Currently, there are two material passes, one for ore, one for waste. The third pass currently being developed and expected to be completed in Q4. The image on the bottom left shows a truck that's been loaded on a nearby sub-level, hauled a short distance, and directly tipping down the ore pass. For this particular pass, the material travels down approximately 350 meters vertically, and is then loaded onto trucks in the twin incline. Further material handling productivity and cost benefits will be realized following the completion of the Key River crossing and surface haul road upgrades.

Speaker #2: As shown in the prior slide, a large majority of the resource sits above the twin incline, which gives us a significant gravity advantage that we are leveraging through the installation of material passes.

Speaker #2: Currently, there are two material passes: one for ore, one for waste. The third pass is currently being developed and is expected to be completed in Q4.

Speaker #2: The image on the bottom left shows a truck that's been loaded on a nearby sublevel, hauled a short distance, and is directly tipping down the ore pass.

Speaker #2: For this particular pass, the material travels down approximately 350 meters vertically and is then loaded onto trucks in the twin incline. Further material handling productivity and cost benefits will be realized following the completion of the key river crossing and surface haul road upgrades.

Speaker #2: This will enable the use of our new 60-ton payload trucks that are expected to be operational by the end of this quarter. These trucks will haul from underground directly to the process plant, eliminating surface rehandle and operating at much faster speeds than the current fleet.

John Lewins: This will enable the use of our new 60-ton payload trucks that are expected to be operational by the end of this quarter. These trucks will haul from underground directly to the process plant, eliminating surface rehandle and operating at much faster speeds than the current fleet. Four of these trucks are already on-site. One has recently arrived in country, and the final three are expected on-site before the end of the year. As shown in these images, substantial progress has been made on the Stage 4 primary ventilation upgrade project. With both 1.85 MW primary fans mechanically complete and the high voltage and associated electrical installations now substantially complete, we plan to complete electrical commissioning this quarter.

Speaker #2: Four of these trucks are already on site; one has recently arrived in country, and the final three are expected on site before the end of the year.

Speaker #2: As shown in these images, substantial progress has been made on the stage four primary ventilation upgrade project, with both 1.85 megawatt primary fans mechanically complete and the high voltage and associated electrical installations now substantially complete.

Speaker #2: We plan to complete electrical commissioning this quarter. Upon commissioning of the primary fans, overall ventilation and capacity increases from 350 cubic meters per second currently to over 600 cubic meters per second.

John Lewins: Upon commissioning of the primary fans, overall ventilation and capacity increases from 350 cubic meters per second currently, to over 600 cubic meters per second, and can be expanded to over 700 cubic meters per second through benching of the Puma Vent decline. This more than meets the requirements for Stage 3 and 4 expansions, and life of mine. A further reduction in blast clearance times is expected upon completion, along with additional benefits realized from reconfiguring the twin incline traffic to highly productive one-way traffic flow. As the fans are variable speed drive, they will initially be run at lower speeds to conserve power and progressively be ramped up as the operation expands and ventilation demand increases. In addition to completing various infrastructure enablers for the expansion, mine development continues to open up two new mining fronts, the twin incline and Lower Kora.

Speaker #2: And can be expanded to over 700 cubic meters per second through benching of the Puma vent incline. This more than meets the requirements for stage three and four expansions and life of mine.

Speaker #2: A further reduction in blast clearance times is expected upon completion, along with additional benefits realized from reconfiguring the twin incline traffic to highly productive one way traffic flow.

Speaker #2: As the fans are variable speed drive, they will initially be run at lower speeds to conserve power and will progressively be ramped up as the operation expands and ventilation demand increases.

Speaker #2: In addition to completing various infrastructure enablers for the expansion, mine development continues to open up two new mining fronts, the twin incline and lower Kora.

Speaker #2: First stoping ore from the second mining front, Lower Kora, was delivered in April 2026, with production progressively ramping up. First stoping ore from the third mining front, Twin Incline, is expected this quarter, initially from Judd, with operations expected to ramp up to four mining fronts in 2027.

John Lewins: First stoping ore from the second mining front, Lower Kora, was delivered in April 2026, with production progressively ramping up. First stoping ore from the third mining front, twin incline, is expected this quarter, initially from Judd, with operation expected to ramp up to four mining fronts in 2027. Importantly, with the significant increase in lateral development rates over the past three quarters, plus July now exceeding the Stage 4 Expansion development requirement, we plan to open existing and new sublevels at an increased rate to build greater operational flexibility at the stoping fronts. Concurrently, we have meaningfully upgraded our equipment and have more underway. As shown in the table on the left, with 25 new major equipment units scheduled to arrive between late last year and the end of 2026. Between older unit replacements and new additions, this will increase our fleet size by 16 units.

Speaker #2: Importantly, with the significant increase in lateral development rates over the past three quarters, plus July now exceeding the stage four expansion development requirement, we plan to open existing and new sublevels and increase the rate to build greater operational flexibility at the stoping fronts.

Speaker #2: Concurrently, we have meaningfully upgraded our equipment and have more underway. As shown in the table on the left, we have 25 new major equipment units scheduled to arrive between late last year and the end of 2026.

Speaker #2: Between older unit placements and new additions, this will increase our fleet size by 16 units. This substantial fleet investment ensures we have adequate capacity to meet not only Stage 3 expansion, but also Stage 4 expansion equipment requirements.

John Lewins: This substantial fleet investment ensures we have adequate capacity to meet not only Stage 3 Expansion, but also Stage 4 Expansion equipment requirements. On the production side, four new loaders have been added to the fleet this year, comprising two additional units and two replacements, plus a large Sandvik LH621i loader is scheduled to arrive in Q4. A new long-haul production drill was also commissioned in late April. Two new underground haul trucks will be added to the fleet by year-end. A new development jumbo, an additional explosive charging unit, and a cement agitator are also scheduled for delivery towards the end of the year, further expanding the underground fleet and our development advanced capabilities.

Speaker #2: On the production side, four new loaders have been added to the fleet this year, comprising two additional units and two replacements, plus a large Sandvik 621i loader is scheduled to arrive in Q4.

Speaker #2: A new long-haul production drill was also commissioned in late April. Two new underground haul trucks will be added to the fleet by year-end. A new development jumbo, an additional explosives charging unit, and a cement agitator are also scheduled for delivery towards the end of the year, further expanding the underground fleet and our development advance capabilities.

Speaker #2: As previously highlighted, we are also on the cusp of unlocking higher underground and surface haulage productivity with the imminent completion of the river crossing project, phase one haul road upgrade and commissioning of the new 60 ton Volvo haul truck fleet.

John Lewins: As previously highlighted, we are also on the cusp of unlocking higher underground and surface haulage productivity with the imminent completion of the river crossing project, phase 1 haul road upgrade, and commissioning of the new 60-ton Volvo haul truck fleet. Ancillary projects are progressing well with the phase 2 power station expansion from 10.7 MW prime power output to 15.3 MW completed in May. The expanded primary power station now meets Stage 4 Expansion total power requirements and provides increased standby power for any unexpected local grid outages. Since commissioning the new primary power station last October, the operation has seen minimal power disruptions across both the process plant and underground mine, highlighting the effectiveness of these upgrades. The maintenance facility is well advanced, and completion of the main workshop is scheduled for this quarter, and then the tire and machine rebuild center facilities for Q4.

Speaker #2: And similar projects are progressing well, with the phase two power station expansion from 10.7 megawatts prime power output to 15.3 megawatts completed in May.

Speaker #2: The expanded primary power station now meets Stage Four expansion total power requirements and provides increased standby power for any unexpected local grid outages. Since commissioning the new primary power station last October, the operation has seen minimal power disruptions across both the process plant and underground mine, highlighting the effectiveness of these upgrades.

Speaker #2: The maintenance facility is well advanced and completion of the main workshop is scheduled for this quarter and then the tire and machine rebuild center facilities for the fourth quarter.

Speaker #2: Significant progress has also been made on the surface paste fill filtration plant, surface storage facility, and underground paste fill plant packages. The tailings filter plant is now practically complete and the first filter cape was produced in late April, where commissioning and performance testing was completed earlier this month with demonstrated the strong filter press capacity and overall system performance in line with design.

John Lewins: Significant progress has also been made on the surface paste fill filtration plant, surface storage facility, and underground paste fill plant packages. The tailings filter plant is now practically complete, and the first filter cake was produced in late April. Wet commissioning and performance testing was completed early this month, which demonstrated the strong filter press capacity and overall system performance in line with design. Once fully operational, the paste fill system is expected to redirect approximately 60% of tailings underground, materially reducing the capacity required for surface tailings storage. The filter tailings will be converted into paste fill to backfill stopes, improving ground stability and supporting higher mining rates as we continue to ramp up production. At the surface paste binder blending area and filter cake storage facility, civil and concrete works are complete, with structural, mechanical, and piping works well advanced across all facilities.

Speaker #2: Once fully operational, the paste fill system is expected to redirect approximately 60% of tailings underground, materially reducing the capacity required for surface tailings storage.

Speaker #2: The filter tailings will be converted into paste fill tobacco fill stops improving ground stability and supporting higher mining rates as we continue to ramp up production.

Speaker #2: At the surface paste binder blending area and filter cake storage facility, civil and concrete works are complete with structural mechanical and piping works well advanced across all facilities, commissioning is expected in this quarter.

John Lewins: Commissioning is expected in this quarter. At the underground paste plant, construction activities are rapidly advancing across all levels, with concrete works in the silo chamber now complete, hopper installation underway, and binder mixing and screw conveyor installed. Remaining civil structural mechanical installations are progressing as planned. Commissioning of the underground paste plant, which will be completed as a paste circuit, is planned for Q4 2026. As shown on the slide, the major surface haul road and river crossing projects made substantial progress during the quarter. Phase 1 comprises upgrades to the 3 river crossings and widening of selected haul road sections to enable the operation of the 60-ton trucking fleet. Key milestones included completion of the Viper Bridge in early April, recent completion of the Kokomo Bridge in late July, and major backfilling works on Kasese crossing nearing completion. Phase 1 remains on track for completion this quarter.

Speaker #2: At the underground paste plant, construction activities are rapidly advancing across all levels, with concrete works in the silo chamber now complete, hopper installation underway, and binder mixing and screw conveyor installed.

Speaker #2: Remaining civil, structural, and mechanical installations are progressing as planned. Commissioning of the underground paste plant, which will be completed as a paste circuit, is planned for Q4 2026.

Speaker #2: As shown on the slide, the major surface haul road and river crossing projects made substantial progress during the quarter. Phase one comprises upgrades to the three river crossings and widening of selected haul road sections to enable the operation of the 60-ton trucking fleet.

Speaker #2: Key milestones included completion of the bypass bridge in early April, recent completion of the Kokomo bridge in late July, and major backfilling works on the Kasisi Culvert nearing completion.

Speaker #2: Phase one remains on track for completion this quarter. Phase two, comprising road straightening, realignment, and gradient improvements, is scheduled for completion by year-end.

John Lewins: Phase 2, comprising road straightening realignment and gradient improvements, is scheduled for completion by year-end. In addition to an increase in trucking payload, delivery of these projects substantially reduces our traffic congestion and improves haulage cycle times and unit costs. In summary, as shown in the Gantt chart and from the prior slides, a significant number of key enabler projects have been sequentially completed or are nearing completion, including many over the next 2 months for the Stage 3 and the Stage 4 Expansion. I will now turn it over to Rob Smillie, VP Exploration, to provide an update on our exploration activities.

Speaker #2: In addition to an increase in trucking payload, delivery of these projects substantially reduces our traffic congestion and improves haulage cycle times and unit costs.

Speaker #2: In summary, as shown in the Gantt chart and from the prior slides, a significant number of key enabler projects have been sequentially completed or are nearing completion, including many over the next two months.

Speaker #2: For the Stage 3 and the Stage 4 expansions, I'll now turn it over to Rob Smiley, VP Exploration, to provide an update on our exploration activities.

Speaker #1: Thank you, John. It's been another quarter of strong progress across our exploration program. We currently have seven underground drill rigs operating at Kora and Judd, five surface rigs at Arakompa, and one at Karempe.

Rob Smillie: Thank you, John. It has been another quarter of strong progress across our exploration program. We currently have 7 underground drill rigs operating at Kora and Judd, 5 surface rigs at Arakompa, and 1 at Wira. A new rig arrived in early April with a 2nd additional surface rig currently undergoing commissioning, bringing us up to 16 rigs operating. This also includes a new small footprint heli-portable rig planned to commence drilling at Mati-Mesoan late in Q3, unlocking a target within 1.6 km of and running parallel to current mine workings that has not yet been drill tested. Drilling is also planned to commence from surface at Judd North, with drill site preparation well advanced during the quarter. At Kora, drilling continues to advance across multiple fronts concurrently along more than 2.5 km of drill-defined strike.

Speaker #1: A new rig arrives in early April, with a second additional surface rig currently undergoing commissioning, bringing us up to 16 rigs operating. This also includes a new small-footprint, heliportable rig planned to commence drilling at Martin Mason late in the third quarter.

Speaker #1: Unlocking a target within 1.6 kilometers of, and running parallel to, current mine workings that has not yet been drill tested. Drilling is also planned to commence from surface at Judd North, with drill site preparation well advanced during the quarter.

Speaker #1: At Cora, drilling continues to advance across multiple fronts concurrently along more than two and a half kilometers of drill-defined strike. From the twin incline, we're testing Cora Deeps, Cora North Deeps, and Cora South Deeps, on a separate program from the Tarvo 5-level drill drive that's advancing Cora South.

Rob Smillie: From the twin incline, we are testing Kora Deep, Kora North Deep, and Kora South Deep on a separate program from the 1,205 level drill drive is advancing Kora South. Kora Deep's drilling continues, targeting down to 500 meters RL over the next 12 months, building on the thick, high-grade mineralization intersected below the twin incline. Results continue to record strong dilation zone intercepts and, at increasing drill density, extend high-grade zones. The results have also delineated a substantial high-grade copper zone to the south of Kora for both K1 and K2, with copper grade tenor increasing at depth within the K1 vein thus far. The consistency of these high-grade copper hit rates with grades exceeding 4% copper is very encouraging and points towards a meaningful copper gold corridor developing towards the A1 porphyry target and interpreted heat source for the broader vein system.

Speaker #1: Cora Deeps drilling continues. Targeting down to 500 meters RL over the next 12 months. Building on the thick high grade mineralization intercepted below the twin incline.

Speaker #1: Results continue to record strong dilatant zone intercepts, and, at increasing drill density, extend high grade zones. The results have also delineated a substantial high grade copper zone to the south of Cora, for both K1 and K2, with copper grade tenor increasing at depth within the K1 vein thus far.

Speaker #1: The consistency of these high grade copper hit rates with grades exceeding 4% copper is very encouraging and points towards a meaningful copper gold corridor developing towards the A1 porphy target and interpreted heat source for the broader vein system.

Speaker #1: The Cora system remains open in multiple directions along strike, up dip, and at depth, and we look forward to sharing further results as drilling progresses.

Rob Smillie: The Kora system remains open in multiple directions along strike, up dip, and at depth, and we look forward to sharing further results as drilling progresses. At Judd, drilling continues to test the Judd South, and Judd Deep systems, which remain sparsely drilled, with drill-defined strike length having grown more than 130% since the end of 2021. Judd Deep's drilling is underway from the twin incline, targeting down to 500 meters RL over the next 12 months, while Judd South drilling also continues. At Judd North, underground drilling continues to test a compelling 800-meter strike target with up to 500 meters of vertical extent. Results to date have been very encouraging, and we plan to commence surface drilling in late Q3. The Judd system remains significantly underexplored and open in all directions, and we believe the best of Judd is still ahead of us.

Speaker #1: At Judd, drilling continues to test the Judd, Judd South, and Judd Deeps systems, which remain sparsely drilled, with drill defined strike length having grown more than 130% since the end of 2021.

Speaker #1: Drilling at Judd Deeps is underway from the twin incline, targeting down to 500 meters RL over the next 12 months, while drilling at Judd South also continues.

Speaker #1: At Judd North, underground drilling continues to test a compelling 800-meter strike target with over 500 meters of vertical extent. Results to date have been very encouraging and we plan to commence surface drilling in late Q3.

Speaker #1: The Judd system remains significantly under explored and open in all directions, and we believe the best of Judd is still ahead of us. And I'm very encouraged by the significant increases in our development rates.

Rob Smillie: I'm very encouraged by the significant increases in our development rates, which will provide us with more discretionary development meters to be allocated to exploration drill drives, including advancing the 1205 level drill drive and the twin incline to the south so that we can better target Kora South, Judd South, Kora South Deep, and Judd South Deep, which are showing strong exploration vectors. Turning now to Arakompa, located approximately 4.5 km from the Kainantu process plant. In June, we released our sixth set of results from the maiden surface drill program with 33 new holes, which included 40 intersections above 5 grams per ton gold equivalent and 20 exceeding 10 grams per ton gold equivalent. We have now reported a total of 100 holes to date.

Speaker #1: This will provide us with more discretionary development meters to allocate to exploration drill drives, including advancing the Tarvo five-level drill drive and the twin incline to the south. This will allow us to better target Cora South, Judd South, Cora South Deeps, and Judd South Deeps, which are showing strong exploration vectors.

Speaker #1: Turning now to Arakompa, located approximately four and a half kilometers from the Kainantu process plant. In June, we released our sixth set of results from the maiden surface drill program with 33 new holes, which included 40 intersections above 5 grams per tonne gold equivalent and 20 exceeding 10 grams per tonne gold equivalent.

Speaker #1: We have now reported a total of 100 holes to date. Drilling continues to target the strike and depth extensions of the AR1 and AR2 lodes, bulk-tonne zones, as well as prospective porphyry-style mineralization to the south.

Rob Smillie: Drilling continues to target the strike and depth extensions of the AR1 and AR2 lodes, bulk tonnage zones, as well as prospective porphyry style mineralization to the south. Arakompa has grown substantially in scale and geological understanding since the maiden program began, and we are currently planning a maiden resource estimate in H2 2026. Drilling continues to define two major high-grade lodes, AR1 and AR2. At AR1, increased drill density has expanded and upgraded the near-surface thick high-grade zone, now defined up to approximately 300 meters of vertical extent and up to 400 meters of strike length, starting at 100 meters depth. Within this lode, the weighted average grade and average true width are 9.47 grams per ton gold equivalent and 4.32 meters, respectively.

Speaker #1: Arakompa has grown substantially in scale and geological understanding since the maiden program began, and we are currently planning a maiden resource estimate in the second half of 2026.

Speaker #1: Drilling continues to define two major high-grade lodes, AR1 and AR2. At AR1, increased drill density has expanded and upgraded the near-surface, thick, high-grade zone, now defined up to approximately 300 meters of vertical extent and up to 400 meters of strike length, starting at 100 meters depth.

Speaker #1: Within this zone, the weighted average grade and average true width are 9.47 grams per ton gold equivalent and 4.32 meters respectively. Highlights included 11.9 meters at 14.3 grams per ton gold equivalent in KARDD0076, 10 meters at 15.21 grams per ton gold equivalent in KARDD0106, and 14.5 meters at 17.33 grams per ton gold equivalent in KARDD0038.

Rob Smillie: Highlights included 11.9 meters at 14.3 grams per ton gold equivalent in KARDD0076, 10 meters at 15.21 grams per ton gold equivalent in KARDD0106, and 14.5 meters at 17.33 grams per ton gold equivalent in KARDD0038. AR2 also delivered multiple high-grade intercepts, including 4.7 meters at 41.9 grams per ton gold equivalent in KARDD0084G and 3.4 meters at 20.31 grams per ton gold equivalent in KARDD0090. Both veins remain open in multiple directions, averaging approximately 3 meters in width, with mineralization confirmed to extend to surface, reinforcing several high-priority near-surface infill targets ahead of the maiden resource. In terms of the bulk tonnage zones, several holes returned thick, high-grade bulk intercepts close to surface, including 99 meters at 2.90 grams per ton gold equivalent in KARDD0076, 106.5 meters at 2.22 grams per ton gold equivalent in KARDD0090, and 105.4 meters at 2.26 grams per ton gold equivalent in KARDD0084G.

Speaker #1: AR2 also delivered multiple high grade intercepts, including 4.7 meters at 41.9 grams per ton gold equivalent in KARDD0084G and 3.4 meters at 20.31 grams per ton gold equivalent in KARDD0090.

Speaker #1: Both veins remain open and multiple directions, averaging approximately 3 meters in width, with mineralization confirmed to extend to surface, reinforcing several high priority near surface infill targets ahead of the Maiden resource.

Speaker #1: In terms of the bulk tunneled zones, several holes returned thick high grade bulk intercepts close to surface, including 99 meters at 2.90 grams per ton gold equivalent in KARDD0076, 106.5 meters at 2.22 grams per ton gold equivalent in KARDD0090, and 105.4 meters at 2.26 grams per ton gold equivalent in KARDD0084G.

Speaker #1: This increased drill density has meaningfully improved our confidence in geological continuity, while also highlighting the potential for grade profile upgrades as infill and step-out drilling continue.

Rob Smillie: This increased drill density has meaningfully improved our confidence in geological continuity, while also highlighting the potential for grade profile upgrades as infill and step-out drilling continue. Surface sampling also indicates mineralization extends to surface along Arakompa's more than 2 km strike length, opening up a number of high-priority infill targets up-dip of the zones defined to date. On the porphyry side, vector drilling continued to advance following our previously reported discovery hole, KARDD0065. The latest step-out hole, KARDD0077, intersected 1,151.2 meters at 0.3% copper equivalent, while KARDD0093G returned 800.7 meters at 0.33% copper equivalent, and KARDD0074 returned 494 meters at 0.35% copper equivalent. These holes move through outer potassic alteration, giving us an important vector towards what we believe could be a high-grade potassic core. Given the significance of this target, we've now allocated a second rig specifically to drill test the porphyry system, with drilling now underway.

Speaker #1: Surface sampling also indicates mineralization extends to surface along Aracompa's more than two kilometer strike length, opening up a number of high priority infill targets up depth of the zones defined to date.

Speaker #1: On the porphyry side, vector drilling continued to advance following our previously reported discovery hole KARDD0065. The latest step out hole KARDD0077 intercepted 1,151.2 meters at 0.3% copper equivalent while KARDD0093G returned 800.7 meters at 0.33% copper equivalent, and KARDD0074 returned 494 meters at 0.35% copper equivalent.

Speaker #1: These holes moved through outer potassic alteration, giving us an important vector towards what we believe could be a high grade potassic core. Given the significance of this target, we've now allocated a secondary specifically to drill test the porphyry system, with drilling now underway.

Speaker #1: This graphic really captures how quickly Arakompa has grown, from just two holes reported back in February 2024 to 100 holes reported as of this latest release.

Rob Smillie: This graphic really captures how quickly Arakompa has grown, from just two holes reported back in February 2024 to 100 holes reported as of this latest release. The mineralized footprint has expanded steadily with each release, and increased infill density is strengthening our geological model with each phase of drilling. We continue to see meaningful upside from the high-grade veins, bulk tonnage zones, and the emerging porphyry target to the south. As you can see, this reflects the depth of what's still ahead of us, a wide range of highly prospective targets across our 837 sq km land package, with several programs now running concurrently. In the near term, our focus continues on Arakompa, alongside continued underground drilling at Kora Deeps, Judd Deeps, and Judd North, with drilling to the south expected to ramp up as we develop more drill platforms.

Speaker #1: The mineralized footprint has expanded steadily with each release, an increased infill density is strengthening our geological model with each phase of drilling. We continue to see meaningful upside from the high grade veins, bulk tunneled zones, and the emerging porphyry target to the south.

Speaker #1: As you can see, this reflects the depth of what's still ahead of us, a wide range of highly prospective targets across our 837 square kilometer land package, with several programs now running concurrently.

Speaker #1: In the near term, our focus continues on Arakompa, alongside continued underground drilling at Kora Deeps, Judd Deeps, and Judd North, with drilling to the south expected to ramp up as we develop more drill platforms.

Speaker #1: At Martin Masson, a new small footprint heliportable rig is planned to commence drilling in the third quarter, targeting a system that remains completely undrilled to date but immediately adjacent to ML150, and running subparallel to Cora and Judd.

Rob Smillie: At Mati-Mesoan, a new small footprint heli-portable rig is planned to commence drilling in Q3, targeting a system that remains completely undrilled to date, but immediately adjacent to ML150 and running sub-parallel to Kora and Judd. Drill testing continues to advance at Wira as part of our broader regional pipeline. Our plans are well advanced to commence drilling at Judd North next quarter from surface, which shows high potential. I will now turn the call back to John for concluding remarks.

Speaker #1: Drill testing continues to advance at Wira as part of our broader regional pipeline. Lastly, our plans are well advanced to commence drilling at Judd North next quarter from surface, which shows high potential.

Speaker #1: I will now turn the call back to John for concluding remarks.

Speaker #2: Well, thank you, Rob. So, in summary, K92 delivered another strong quarter, achieving multiple records, including record mine and processing physicals and a record cash balance of 349 million dollars, further strengthening the business as we advance to stage three and stage four expansions.

John Lewins: Well, thank you, Rob. In summary, K92 delivered another strong quarter, achieving multiple records, including record mine and processing physicals and a record cash balance of $349 million, further strengthening the business as we advance to Stage 3 and Stage 4 expansions. We are very encouraged by the positive operational momentum, particularly the record monthly development of 1,220 m achieved in July, with continued strong development rates allowing us to further open up the mine and build operational flexibility. Looking ahead, Q3 will see the culmination of more large capital projects, including the primary ventilation fan upgrade and the roads and river crossing upgrades, projects that have required years of investment and will deliver clear operational benefits for K92. We also continue to focus on the progressive ramp-up in stoping from the new mining fronts and execution of ongoing operational excellence projects.

Speaker #2: We are very encouraged by the positive operational momentum, particularly the record monthly development of 1,220 meters achieved in July, with continued strong development rates allowing us to further open up the mine and build operational flexibility.

Speaker #2: Looking ahead, the third quarter will see the culmination of more large capital projects, including the primary ventilation fan upgrade and the roads and river crossing upgrades.

Speaker #2: Projects that have required years of investment and will deliver clear operational benefits for K92. We also continue to focus on the progressive ramp up in stopping from the new mining fronts and execution of ongoing operational excellence projects.

Speaker #2: Exploration continues to advance across both near mine and regional drill programs, while maintaining our focus on safety, communities, and sustainable stakeholder benefits. Concurrently, we will continue to advance our community projects and deliver a sustainable benefits to all project stakeholders, highlighted in our recent published sustainability report.

John Lewins: Exploration continues to advance across both near-mine and regional drill programs, while maintaining our focus on safety, communities, and sustainable stakeholder benefits. Concurrently, we will continue to advance our community projects and deliver sustainable benefits to all project stakeholders, highlighted in our recent public sustainability report. With that, operator, we're happy to open the line for questions. Thank you.

Q2 2026 K92 Mining Inc Earnings Call

Request DemoDemo

K92 Mining

Earnings