Kingsgate Reports Strong Quarter with Gold and Silver Production Surge

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

Kingsgate Consolidated Limited reported a productive quarter ending June 2024, with its Chatree Gold Mine producing 9,498 ounces of gold and 125,013 ounces of silver, and successfully commencing operations at Plant #1. The company also made key management appointments and is now cash flow positive. Operational highlights included the delivery of new mining equipment and a joint agreement with Thailand to defer an Arbitral Award, maintaining a strong financial position with A$18.5 million in cash, bullion, and doré on hand.

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