K92 Mining Ltd. (“K92”), the operator of the Kainantu Gold Mine in Eastern Highlands Province announced it paid K239,610,413-its second corporate tax instalment payment for the 2026 Fiscal Year.
The miner announced on 1st July, 2026 flagging its continued role in driving economic growth across Papua New Guinea.
This second payment exceeds half a billion kina at PGK 526,984,050 (of corporate income tax) with final batch yet to be paid 6 months away from the closure of the 2026 Fiscal year.
“This already surpasses the record PGK 423 million in corporate tax paid or accrued in 2025 with one instalment still remaining for the year. This milestone underscores K92’s position as one of Papua New Guinea’s leading corporate taxpayers in the mining sector” the company said in a media statement.
With the new state-of-the-art 1.2 million tonnes per annum Stage 3 Expansion process plant completing its first half-year of operation, K92 expects 2026 corporate tax instalment payments to almost double compared to 2025.
As the Stage 3 and 4 Expansions progress, K92 expects to become a Tier-1 mid-tier producer and one of the largest corporate taxpayers in Papua New Guinea’s mining industry.
K92’s growth in Papua New Guinea spans far beyond its tax contributions. Since K92 acquired the Kainantu project in 2015, the Company’s direct workforce has grown by almost 3,000. In 2025, K92’s total workforce of employees, permanent and temporary contractors, and casuals reached approximately 3,100, with over 91% of its operational workforce being PNG Nationals with priority hiring from local communities. K92 is committed to delivering a lasting positive impact in its communities through responsible resource development and ongoing partnerships with national and local stakeholders.
John Lewins, K92 Mining’s Chief Executive Officer, said, “With this second instalment, K92’s 2026 corporate tax payments have already surpassed its full-year total corporate tax paid or accrued for 2025, a clear reflection of the Kainantu Gold Mine’s strong operating momentum and K92’s growing contribution to Papua New Guinea. K92 is proud of its position among Papua New Guinea’s largest corporate taxpayers and remains committed to delivering lasting benefits to local communities and the country in the years ahead.”
Image 1: John D. Lewins, K92 CEO & Director (left), with the Hon. James Marape, Prime Minister of PNG, during an underground tour at the Kainantu Gold Mine.