K92 MINING PAYS K287 MILLION INSTALMENT FOR 2026 CORPORATE TAX

K92 Mining has announced a record corporate tax instalment payment of over K287 million kina for the 2026 fiscal year, highlighting its growing contribution to Papua New Guinea’s economy.

The company, operator of the Kainantu Gold Mine in Eastern Highlands Province, confirmed the payment has been made to the Internal Revenue Commission for the first of three corporate tax instalments for 2026.

K92 says the payment is its largest instalment to date, following a strong 2025 performance where it paid or accrued a record K423 million in corporate tax representing a 171% increase from 2024.

The company attributes this growth to improved production and the successful commissioning of its new 1.2 million tonnes per annum Stage 3 Expansion process plant in December 2025.

K92 projects 2026 to be another record year, with total corporate tax instalments expected to significantly increase compared to last year.

With Stage 3 and Stage 4 expansions progressing, the company says it is on track to become a Tier-1 mid-tier producer and one of the largest corporate taxpayers in Papua New Guinea’s mining sector.

Chief Executive Officer John Lewins says the first instalment reflects strong operating performance at the Kainantu Gold Mine and the company’s commitment to supporting Papua New Guinea’s economic growth.

He adds that with production ramping up, K92 expects to deliver record taxes, royalties and local expenditure in 2026 and beyond.

The company also reaffirmed its commitment to delivering long-term benefits to local communities through responsible resource development and partnerships with stakeholders.

K92 notes that its 2025 corporate tax figures are based on annual tax provisions and may be adjusted following the final income tax return.