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Kingsgate Consolidated Limited ( (AU:KCN) ) has shared an announcement.
Kingsgate Consolidated Limited has completed drilling at the South-East Complex near the Chatree Gold Mine, aiming to establish an inaugural resource estimate later this year. The drilling results indicate significant gold mineralization, confirming the area’s potential as an extension of the original Chatree system. Additionally, continued exploration at the Chang Puek prospect has shown promising gold and silver continuity, reinforcing the region’s underexplored and prospective nature. This development could enhance Kingsgate’s operational capacity and strengthen its position in the gold mining sector.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
More about Kingsgate Consolidated Limited
Kingsgate Consolidated Limited is a company in the mining industry, primarily focused on gold and silver exploration and production. Its key operations are centered around the Chatree Gold Mine in Thailand, with a focus on expanding its resource base through exploration activities in nearby prospective areas.
Average Trading Volume: 1,140,114
Technical Sentiment Signal: Buy
Current Market Cap: A$657.3M
Learn more about KCN stock on TipRanks’ Stock Analysis page.