Prime Minister Hon. James Marape has welcomed the strong Production and Financial Results recorded by K92 Mining Inc. for the 2025 Financial Year, describing the performance of the Kainantu Gold Mine in Eastern Highlands Province as a Positive Signal of confidence in Papua New Guinea’s Mining Sector and broader economy.
K92 Mining recently reported record Annual Production and strong Financial Outcomes for 2025, including Total Production of 174,134 Gold equivalent ounces, supported by 47,178 ounces produced in the Fourth Quarter alone. The Results also coincide with the successful commissioning of the company’s Stage 3 Expansion Process Plant, which significantly increases processing capacity at the Mine.
Prime Minister Marape said the achievements by K92 Mining demonstrate how responsible investment and strong partnerships between Government, Investors, Landowners, and Communities can deliver real economic benefits for Papua New Guinea.
“On behalf of the Government and people of Papua New Guinea, I congratulate K92 Mining for its outstanding
Production performance and continued investment in the Kainantu Gold Mine,” Prime Minister Marape said.
“These results show the enormous potential of Papua New Guinea’s mineral resources and reinforce the confidence international investors have in our country.”
The Prime Minister highlighted that K92’s operations are generating tangible economic benefits for the country, including tax revenues, employment opportunities, local business participation, and infrastructure development.
According to K92’s reported 2025 Financial Results, the company contributed significantly to the national economy through:
• K423 million in Corporate Tax paid or accrued to the Government of Papua New Guinea
• K862 million invested in Capital Development, primarily for the Stage 3 expansion
• K74 million spent on Exploration activities, targeting further resource growth
• K50 million paid in Royalties
• K11 million contributed in Mineral Resource Authority levies
• K667 million spent with Local Suppliers, strengthening the domestic economy
• K11 million invested in Community Programs, supporting health, education and infrastructure
• K137 million spent on Local Joint Venture Contracts
Prime Minister Marape said these Figures reflect the significant role responsible Mining plays in strengthening Papua New Guinea’s economic base.
“When companies operate responsibly and in partnership with landowners and communities, the benefits flow throughout the country—from national revenue to local businesses and families in rural communities,” he said. “The Kainantu operation is an example of how the Mining Sector can create jobs, stimulate local enterprise, and support long-term economic development.”
Prime Minister Marape also noted that the successful completion of the Stage 3 Expansion at Kainantu marks an important milestone that will further increase Production and economic returns in the coming years.
“The expansion at Kainantu signals long-term confidence in Papua New Guinea and will support increased employment, greater local participation, and higher Government revenues,” he said. “Our Government welcomes this kind of responsible investment because it contributes directly to economic growth, skills development, and the prosperity of our people.”
The Prime Minister emphasized that the Marape-Rosso Government remains committed to ensuring that Papua New Guinea’s Resource Sector continues to grow in a manner that balances investor confidence with fair benefits for the country and its people.
“Our Government’s policy direction is clear—Papua New Guinea’s Resources must work for our people while maintaining an attractive investment environment for credible partners,” he said.
“We want to see responsible companies like K92 continue to succeed here while ensuring that landowners, communities, and the nation share in the value of our natural resources.”
Prime Minister Marape also acknowledged the important role played by landowners, local leaders, provincial authorities, and workers at the Kainantu Gold Mine.
“I commend the landowners, community leaders, workers, and all stakeholders involved in the Kainantu operation. Their partnership with the company and Government is essential to maintaining stability and ensuring the long-term success of the Project,” he said.
“As Production grows and new Investments continue, the economic benefits will expand further for Eastern Highlands Province and the nation as a whole.”
Prime Minister Marape concluded by reaffirming the Government’s commitment to supporting the responsible development of Papua New Guinea’s Mining Sector as part of the country’s long-term Economic Strategy.
“The Mining Sector remains one of the pillars of Papua New Guinea’s economy. Projects like Kainantu demonstrate that with the right partnerships, the Sector can deliver sustainable growth, stronger Government revenues, and meaningful opportunities for our people.”