TSX:KNTMetals and Mining
K92 Mining (TSX:KNT) Stock Rallies On Record Cash Flow And Expansion Progress
K92 Mining stock came into today on a tear, with the shares up about 27% over the past week and almost 30% over the past month, and the new earnings had to justify that optimism. The headline is simple: Q2 showed heavy hitting revenue of US$205.2 million from its Papua New Guinea operation and operating cash flow before working capital of US$105.1 million, backed by a cash pile of US$349.4 million and net cash of about US$310 million.
Is K92 Mining trading at a rare disconnect between its 16x...