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Kingsgate Consolidated Limited ( (AU:KCN) ) has provided an update.
Kingsgate Consolidated Limited announced the cessation of the TAFTA international tribunal case against the Kingdom of Thailand, marking a significant milestone and fostering a renewed cooperative relationship. This decision is expected to benefit the company, the Thai government, and local communities. Despite a predicted dip in production for the current quarter due to lower grade ore, the company has seen strong gold and silver production since resuming operations in March 2023. Exploration results from the South East Complex have been promising, indicating potential new deposits.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 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, primarily focusing on gold and silver production. The company is known for its operations at the Chatree mine in Thailand and has been involved in exploration activities to uncover new deposits.
Average Trading Volume: 1,759,619
Technical Sentiment Signal: Buy
Current Market Cap: A$1.07B
For an in-depth examination of KCN stock, go to TipRanks’ Overview page.