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Kingston Resources Ltd. ( (AU:KSN) ) has shared an announcement.
Kingston Resources Limited has successfully repaid a $15 million debt facility provided by PURE Asset Management, following the sale of its Misima asset. This repayment strengthens Kingston’s balance sheet, leaving the company debt-free and well-positioned to advance production at its Mineral Hill mine, thereby enhancing its operational and financial stability.
More about Kingston Resources Ltd.
Kingston Resources is an Australian gold and copper producer, focused on building a large-scale multi-asset mining company. Its flagship asset is the polymetallic Mineral Hill mine in NSW, located in the prospective Cobar Basin. The company aims to expand mineral resources through exploration to enhance production scale and cash flow.
Average Trading Volume: 2,480,216
Technical Sentiment Signal: Buy
Current Market Cap: A$113.4M
For an in-depth examination of KSN stock, go to TipRanks’ Overview page.