Kingsgate Reports Profit Surge and Positive Outlook

Kingsgate Consolidated Limited (AU:KCN) has released an update.

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.

For further insights into AU:KCN stock, check out TipRanks’ Stock Analysis page.