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Kingsgate Consolidated Limited
(Sydney:KCN)
Kingsgate Consolidated Limited (KCN) vs. iShares MSCI Australia ETF (EWA)
Kingsgate Consolidated Limited Business Overview & Revenue Model
Kingsgate Consolidated Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 336.75M | 336.75M | 133.09M | 27.34M | 0.00 | 12.34M |
| Gross Profit | 69.90M | 69.90M | -2.74M | -15.05M | -101.00K | 6.33M |
| EBITDA | -1.88M | 94.46M | 213.84M | 22.57M | -10.40M | -7.38M |
| Net Income | 29.46M | 29.46M | 199.76M | 4.74M | -12.42M | -8.88M |
Balance Sheet | ||||||
| Total Assets | 541.78M | 541.78M | 388.94M | 126.72M | 43.76M | 44.69M |
| Cash, Cash Equivalents and Short-Term Investments | 23.78M | 23.78M | 6.98M | 13.05M | 7.42M | 9.98M |
| Total Debt | 116.85M | 116.85M | 59.41M | 24.04M | 19.89M | 11.15M |
| Total Liabilities | 222.47M | 222.47M | 141.25M | 76.67M | 51.65M | 36.38M |
| Stockholders Equity | 319.31M | 319.31M | 247.69M | 50.05M | -7.89M | 8.30M |
Cash Flow | ||||||
| Free Cash Flow | 48.00M | 48.00M | -7.65M | -46.02M | -13.80M | -4.42M |
| Operating Cash Flow | 87.30M | 87.30M | 11.68M | -45.26M | -13.78M | -4.42M |
| Investing Cash Flow | -56.10M | -56.10M | -24.49M | -5.88M | 1.62M | -1.16M |
| Financing Cash Flow | 886.00K | -11.82M | 7.86M | 52.74M | 9.59M | -86.00K |
Kingsgate Consolidated Limited Technical Analysis
Kingsgate Consolidated Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$2.23B | 27.84 | 9.84% | ― | 51.66% | 86.35% | |
63 Neutral | AU$1.74B | 50.66 | 10.01% | ― | 153.02% | -85.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$692.28M | -110.00 | -4.97% | ― | ― | 16.67% | |
54 Neutral | AU$757.99M | -37.64 | ― | ― | ― | ― | |
49 Neutral | AU$1.02B | -28.51 | -13.44% | ― | ― | -267.46% | |
46 Neutral | AU$883.15M | -6.54 | -15.01% | ― | -3.61% | -49.39% |
Kingsgate Consolidated Limited Corporate Events
Kingsgate Consolidated has reported another solid quarter at its Chatree Gold Mine in Thailand, producing 20,957 ounces of gold and 157,542 ounces of silver while maintaining full-year FY26 production guidance. The company grew total cash, bullion and doré by about 56% to A$179 million, delivered a record AISC margin of US$1,871 per ounce, and achieved a third consecutive quarterly improvement in gold recovery to 83.7%, underpinning strong cash generation and a 344% share price gain that made it the second-best performer in the ASX All Ordinaries in 2025. Operationally, higher waste movement is providing better future ore access, a new expanded run-of-mine facility has been completed to optimise processing, and Kingsgate’s Thai subsidiary has secured ISO certifications across quality, environmental and health and safety systems, reinforcing the mine’s operational robustness and sustainability credentials.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.50 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated reported December quarter production of 20,957 ounces of gold and 157,542 ounces of silver, marking a fourth straight quarter above 20,000 ounces of gold and bringing first-half FY26 output to 44,879 ounces of gold and 363,382 ounces of silver. The company’s cash, bullion and doré position rose to A$179 million, a roughly 56% increase from the prior quarter, and management said performance places Kingsgate at the midpoint of its FY26 production guidance, with the December quarter expected to be the weakest while pit reshaping continues and a stronger second half anticipated, reinforcing its operational momentum and financial strength.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$6.65 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated has issued 2.5 million fully paid ordinary shares following the exercise of an equivalent number of options held by US-based Taurus Mining Finance Fund No.2, L.P., a mining and natural resources financier. The new shares were issued without a prospectus under the Corporations Act’s disclosure exemptions, with Kingsgate confirming it is up to date with its financial reporting and continuous disclosure obligations and stating that it is not withholding any material information, signalling regulatory compliance and a strengthened equity position for the company and its financier stakeholder.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited has applied to the ASX for quotation of 2.5 million new fully paid ordinary shares under its KCN ticker. The additional securities result from the exercise or conversion of existing options or other convertible securities and will be issued on 8 January 2026, modestly increasing the company’s quoted share capital and potentially broadening its investor base.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated has executed a new US$25 million standby loan facility with Nebari Natural Resources Credit Fund II and affiliated entities, having satisfied all conditions precedent and concurrently repaid its existing loan. The company immediately drew down US$10 million under the new facility, reducing total borrowings from approximately A$47 million to about A$15 million—a 68% cut—and positioning its balance sheet with lower gearing while preserving funding flexibility for future operational and corporate plans.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited has notified the market of the issue of 1,851,585 unquoted warrants, effective 6 January 2026. The creation of this new class of unquoted equity securities increases Kingsgate’s potential future share base and may form part of its broader capital management or funding strategy, with implications for existing shareholders in terms of future dilution and for creditors or investors who may benefit from additional optionality linked to the company’s performance.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated has secured a new US$25 million standby loan facility from Nebari Natural Resources Credit Fund II and related entities, using an initial US$10 million drawdown and about US$21 million in cash to refinance its existing US$31 million debt. The refinancing sharply reduces Kingsgate’s borrowings by 68% to A$15 million, lowers its interest costs, extends loan maturities, removes a larger future warrant overhang, and replaces it with a smaller, higher-priced warrant package, collectively strengthening the balance sheet, enhancing financial flexibility for future initiatives, and underscoring Nebari’s continued support as Kingsgate scales up gold and silver production.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited has issued nearly 7 million fully paid ordinary shares following the exercise of warrants by entities associated with Nebari, a US-based mining financier. This strategic move, executed without disclosure under specific sections of the Corporations Act, indicates compliance with regulatory requirements and potentially strengthens the company’s financial position and market presence.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited has announced the issuance of 6,986,589 fully paid ordinary securities, which will be quoted on the ASX. This move is part of the company’s efforts to enhance its financial position and operational capabilities, potentially impacting its market standing and shareholder value.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited announced a significant meeting with Thailand’s Deputy Prime Minister and other government officials, marking a new era of cooperation. The discussions centered on the positive impact of the Chatree Gold Mine and future growth opportunities, aiming to enhance the country’s mining industry and deliver long-term value to stakeholders.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited held its Annual General Meeting where all proposed resolutions were approved by shareholders. Key resolutions included the re-election of Peter Warren as a director, the approval of an on-market buy-back of up to 50% of the company’s shares, and the adoption of the remuneration report. These decisions could enhance shareholder value and reflect confidence in the company’s strategic direction.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited announced the cessation of the TAFTA international tribunal case against the Kingdom of Thailand, marking a significant milestone and fostering a renewed cooperative relationship. This decision is expected to benefit the company, the Thai government, and local communities. Despite a predicted dip in production for the current quarter due to lower grade ore, the company has seen strong gold and silver production since resuming operations in March 2023. Exploration results from the South East Complex have been promising, indicating potential new deposits.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited’s AGM presentation highlights the company’s ongoing commitment to maintaining transparency and compliance with industry standards. The presentation, led by Managing Director & CEO Jamie Gibson, emphasizes the company’s adherence to the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves, ensuring stakeholders of the reliability of its resource estimates and operational integrity.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited has reached a mutual agreement with the Thai Government to terminate the arbitration proceedings under the Thailand–Australia Free Trade Agreement, which began in 2017. This development marks a positive shift in relations, expected to benefit both Kingsgate and Thailand through continued operations at the Chatree Mine, enhancing long-term value for shareholders and stakeholders.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$7.70 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited is in advanced negotiations to resolve a dispute under the Thailand-Australia Free Trade Agreement (TAFTA) with the Kingdom of Thailand. The resolution of this dispute could significantly impact the company’s operations and its positioning within the industry, potentially affecting stakeholders involved.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
Kingsgate Consolidated Limited has announced a change in the director’s interest, specifically involving Ross Donald Smyth-Kirk. The change involves the disposal of 16,574 ordinary shares by Alexandra Smyth-Kirk at $4.25 per share through an on-market trade. This adjustment in shareholding reflects a minor shift in the company’s internal stakeholder dynamics, potentially impacting investor perceptions and market positioning.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.