K92 Mining (TSE:KNT) has released an update.
K92 Mining Inc. has secured increased credit facilities totaling up to $150 million and established a new offtake agreement with Trafigura for copper/gold concentrate from its Papua New Guinea mine. These developments, which mark a significant financial de-risking step for the company, aim to support K92’s corporate operations and the planned expansions of the Kainantu Gold Mine. The company is in a robust financial position with $73.4 million in cash and no debt as of the end of the first quarter of 2024.
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