K92 Mining Announces Strong Q1 2026 Financial Results - Record Quarterly Revenue, Net Income, Operating Cash Flow, EBITDA and Net Cash Position

Financial Performance Overview

• Revenue reached US$236.3 million, a 63% increase year-over-year from Q1 2025.
• Net income recorded at US$116.6 million or $0.48 per share, up 66% YoY.
• EBITDA stood at US$179.9 million or $0.74 per share, a 68% increase from Q1 2025.
• Operating cash flow was robust at US$132.9 million before working capital adjustments.

Execution vs Expectations

• The financial results confirm the operational ramp-up previously guided in January 2026, validating the Stage 3 expansion timeline.
• Production volumes were "in line with budget," indicating no significant operational disruptions despite the safety incident reported in February 2026.
• Revenue and income growth are driven by higher throughput and realized gold prices ($4,641/oz), which significantly exceed historical averages mentioned in prior transcripts ($3,296/oz avg in 2025).

K92 Mining Inc.

• Operates the Kainantu Gold Mine in Papua New Guinea.
• Focuses on underground gold mining with significant copper and silver by-products.
• Transitioning from an exploration/development company to a Tier 1 mid-tier producer following Stage 3 expansion.