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Kingston Resources Ltd. ( (AU:KSN) ) has shared an update.
Kingston Resources reported net revenue of $24.8 million from metal sales for the March quarter, with all-in sustaining costs of A$3,128 per ounce and operating cash flow rising 264% to $11 million, boosting cash to $25.4 million and leaving the company debt free. Higher open pit feed grades, strong silver sales, and proactive management of pit wall stability underpinned performance, while fuel supply buffers were increased to support operational resilience.
The company also advanced its transition to underground mining, successfully mining and processing its first copper-gold ore into concentrate and installing key ventilation infrastructure. Ongoing high-grade drilling, an updated Mineral Resource estimate, and processing plant optimisation are expected to support higher recoveries, improved margins and near-term production growth, reinforcing Kingston’s platform for longer-term value creation for shareholders.
More about Kingston Resources Ltd.
Kingston Resources Ltd. is an Australian-listed gold and silver producer transitioning into a combined precious and base metals miner. The company operates open pit and emerging underground operations, supported by its own processing plant, and is focused on lifting grades, increasing recoveries and strengthening cash generation in a high commodity price environment.
Average Trading Volume: 3,787,229
Technical Sentiment Signal: Sell
Current Market Cap: A$79.14M
For detailed information about KSN stock, go to TipRanks’ Stock Analysis page.