K92 Mining (TSX: KNT) (OTCQX: KNTNF) announced the promotions of David Medilek to president and Warren Uyen to chief operating officer today.
Medilek brings 15 years of mining capital market, corporate strategy and technical operating experience to the table. Previously, he’s worked as the company’s vice president of business development and investor relations for three years. He’s also worked as an equity research analyst covering precious metal companies.
Uyen is a mining engineering with three decades of mining experience in Australia and Asia. His previous role was K92’s senior vice president of operations for four years. He joined K92 from an Australian mining contract, MacMahon Holdings, where he was executive general manager of underground operations. Before that, he was general manager of Eldorado Gold’s White Mountain Gold Mine in China.
“Over the last few years, David and Warren have made significant contributions to the success of the Company. Their hard work, dedication and resourcefulness, together with their individual potential and capacity to take on expanded roles to continue to drive the future development of our Company, combined to make a compelling rationale for their respective promotions,” said John Lewins, K92 chief executive officer and director.
K92 Mining produces gold, copper and silver at the Kainantu Gold Mine in Papua, New Guinea. It’s also engaged in the exploration and development of mineral deposits around the mine. The company declared production from Kainantu in February 2018 is doing well financially. K92 Mining produced a maiden resource estimate on the Blue Lake porphyry project in August 2022.
K92 Mining pushes lease to 2034
The recent news comes almost a month after the company received a ten-year lease extension for its Kainantu gold mine. The board of directors approved stages three and four expansions, increasing the annual processing throughput to 1.2 million tonnes per year and 1.7 million tonnes per year respectively.