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The latest update is out from Kingston Resources Ltd. ( (AU:KSN) ).
Kingston Resources has sold its Misima Gold Project in Papua New Guinea to Ok Tedi Mining Ltd for $95 million, receiving $50 million in cash post-quarter close, which has enabled the company to reduce its annual cost base by $5 million. This strategic divestment strengthens Kingston’s capacity to accelerate its Australian copper-gold growth, repay debt, and enhance production at Mineral Hill, with expectations of increased gold and silver outputs in FY26.
More about Kingston Resources Ltd.
Kingston Resources is a gold and copper producer focused on developing a mid-tier gold and copper company, with current production from the Mineral Hill mine in New South Wales, Australia.
Average Trading Volume: 2,544,191
Technical Sentiment Signal: Buy
Current Market Cap: A$120.8M
See more insights into KSN stock on TipRanks’ Stock Analysis page.