Financial Wire

BMO Reiterates K92 Mining's Outperform Rating, C$33.00 Price Target

-- BMO Capital Markets on Tuesday maintained its outperform rating on the shares of K92 Mining (KNT.TO) outperform rating and C$33.00 price target following the company's first-quarter production results.

K92's first-quarter production of 46,743 gold-equivalent ounces at the Kainantu mine in Papua New Guinea beat BMO's estimate of 40,000 ounces.

The beat was driven by positive grade reconciliation seen intermittently in 2024 and 2025 from the Judd vein, BMO said.

BMO said it is encouraged by the progress in underground development meters in the first quarter and notable progress on deliverables to ramp up the phase-three expansion in the second half.

Price: $26.54, Change: $+0.65, Percent Change: +2.51%

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