Kingsgate Consolidated Limited ( (KSKGF) ) has released its Q2 earnings. Here is a breakdown of the information Kingsgate Consolidated Limited presented to its investors.
Kingsgate Consolidated Limited is an Australian-based gold and silver mining company, operating the Chatree Gold Mine in Thailand and the Nueva Esperanza Development Project in Chile. In its latest earnings report for the half-year ending December 31, 2024, Kingsgate reported significant financial improvements, including a 133% increase in revenue and a 115% rise in net profit. Key operational achievements included the recommissioning of Plant 1, which, along with Plant 2, operated above nameplate capacity, and the full repayment of a $13.2 million shareholder loan. The company’s cash balance also increased by 57% to $15.4 million. Looking ahead, Kingsgate’s management remains optimistic about continuing its strong performance into the second half of the fiscal year.