VANCOUVER, British Columbia - K92 Mining Inc. (TSX:KNT; OTCQX:KNTNF) announced today that Michael Carew was elected to the company's board of directors at its annual general meeting of shareholders held earlier today.
Carew is a geologist with over 25 years of experience in the mining industry, according to a press release statement. He has worked with BHP Billiton Limited, Mount Isa Mines Limited and Ivanhoe Mines Ltd., gaining experience on uranium, base and precious metal ore deposits across Australia, North America and Asia.
Since August 2020, Carew has worked as a consultant in various executive and non-executive roles. He served as Vice President of Corporate Development for Papua New Guinea explorer Great Pacific Gold Corp. from November 2024 to May 2026. From 2013 to 2020, he was a Mining Research Analyst at Haywood Securities Inc.
Carew currently serves as a director and audit committee member of Military Metals Corp. (CSE) and CEO of Walhalla Gold Corp (CSE). He will join K92's audit committee and health and safety committee.
He holds a BSc (Hons) from Monash University, Melbourne, and a PhD in Economic Geology from James Cook University, Australia.
K92 Mining is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea. The company declared commercial production from Kainantu in February 2018. The mining company has delivered strong financial performance, with shares posting a 71% return over the past year and maintaining a robust 74% gross profit margin. According to Bond.az analysis, K92 currently trades below its Fair Value, suggesting potential upside for investors. The company holds a market capitalization of $4.6 billion and earns a "GREAT" financial health score from Bond.az.
In other recent news, K92 Mining reported strong financial results for the first quarter of 2026. The company achieved a 63% increase in revenue compared to the previous year, totaling $236.3 million. This surge in revenue was primarily attributed to a significant rise in gold prices. Following the earnings announcement, there was a notable increase in the company's stock price, reflecting positive investor sentiment. These developments highlight the company's robust performance in the current economic climate.
