Kingsgate Consolidated Reports Minor Ramp Slip at Chatree Mine

Kingsgate Consolidated Limited ( (AU:KCN) ) has provided an announcement.

Kingsgate Consolidated Limited reported a minor slip in the Chatree Gold Mine’s A-West Main Mine Access Ramp, which did not result in any injuries or equipment damage. The company has implemented an updated mine plan to continue operations through an alternative ramp, allowing access to higher-grade ore blocks. This incident may lead to a temporary impact on gold production, with an estimated output of 75,000 ounces for FY25.

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 operates in the mining industry, focusing primarily on gold production. The company is known for its operations at the Chatree Gold Mine, which is a significant part of its market focus.

YTD Price Performance: 50.97%

Average Trading Volume: 844,860

Technical Sentiment Signal: Buy

Current Market Cap: A$500M

For a thorough assessment of KCN stock, go to TipRanks’ Stock Analysis page.