Kingsgate Consolidated Limited (AU:KCN) has released an update.
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Kingsgate Consolidated Limited reports a strong financial year with significant operational improvements, including the safe and successful ramp up of the Chatree Gold Mine, leading to increased gold and silver production. Highlighting a net profit of $199.8 million, bolstered by a full impairment reversal of the mine, the company exhibits robust financial health and confidence in long-term mine performance. Backed by a new US$35 million financing facility, Kingsgate provides forward-looking guidance for 2025 and an optimistic outlook up to 2028.
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