K92 is constructing capacity, but the growth is within expectations.

K92 Mining is steadily building up production by completing key underground projects and continuing to invest in future growth. Wayne Lam of TD Cowen stated in a report that with the start of production in new mining areas and the final implementation of the current expansion, K92's 2026 plan shows an increase in production. In addition, K92 is investing over 100-108 million US dollars to continue driving its next phase of growth, while also conducting a large-scale exploration program aimed at increasing new mineral reserves. Lam suggests that the expected performance indicates progress, but is unlikely to immediately boost the stock price as much of this growth is already anticipated; given the market's average expectation of around 210,000 gold equivalent ounces in 2026, falling within the new performance expectation range of 190,000 to 225,000 ounces.