K92 Mining Announces Exceptional 2025 Financial and Operational Performance
VANCOUVER, British Columbia – K92 Mining Inc., a prominent mining company listed on the TSX and OTCQX, has released its financial results for the fourth quarter and full year ending December 31, 2025. The company reported a series of record-breaking achievements across key financial metrics, alongside robust production figures that exceeded guidance expectations.
Record Annual Production and Cost Efficiency
For the full year 2025, K92 Mining achieved record annual production of 174,134 ounces of gold equivalent, positioning it at the upper end of its guidance range of 160,000 to 185,000 ounces. This output comprised 164,484 ounces of gold, 5,942,203 pounds of copper, and 159,309 ounces of silver, marking a significant 16% increase compared to 2024 levels.
Notably, the company's cash costs and all-in sustaining costs (AISC) outperformed guidance ranges. Cash costs were reported at US$695 per ounce of gold, while AISC stood at US$1,308 per ounce, both figures beating the projected ranges of US$710 to US$770 and US$1,460 to US$1,560, respectively.
Strong Fourth Quarter Operational Highlights
In the fourth quarter of 2025, K92 Mining demonstrated strong operational performance with production of 47,178 ounces of gold equivalent. The quarter saw record ore processed of 186,198 tonnes, a substantial 93% increase from the same period in 2024. Head grades were reported at 8.0 grams per tonne gold equivalent, with metallurgical recoveries exceeding 94% for both gold and copper.
The successful commissioning of the new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant in December contributed to these results, with all material processed exclusively through the new facility by the end of October.
Financial Performance Reaches New Heights
K92 Mining's financial results for 2025 set new company records across multiple categories. Annual revenue reached US$595.2 million, representing a remarkable 70% increase from the previous year. The company reported record non-adjusted net earnings of US$270.2 million, or US$1.12 per share, with adjusted net earnings reaching US$288.4 million, or US$1.19 per share.
Operating cash flow before working capital adjustments totaled US$329.3 million for the year, while EBITDA reached US$412.0 million, reflecting increases of 93% and 110% respectively from 2024 levels.
Fourth Quarter Financial Strength
The fourth quarter of 2025 alone saw record quarterly revenue of US$176.8 million, a 47% increase from Q4 2024. The company reported non-adjusted net earnings of US$75.1 million and adjusted net earnings of US$88.5 million for the quarter.
K92 Mining ended the year with a strong financial position, boasting record cash, cash equivalents and term deposits totaling US$230.9 million, including a net cash position of US$181.6 million.
Operational Expansion and Future Outlook
The company's operational achievements were supported by record material movements throughout 2025, with total ore plus waste movement increasing by 31% from 2024. The commissioning of new infrastructure, including the twin incline surface trucks that began operating in late Q3 2025, contributed to these record movements.
With metallurgical recoveries consistently exceeding 94% for both gold and copper throughout the year, and the successful integration of the Stage 3 Expansion Process Plant, K92 Mining has positioned itself for continued operational efficiency and growth potential moving forward.
