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Kingston Resources Ltd.
(Sydney:KSN)
Kingston Resources Ltd. (KSN) vs. S&P 500 (SPY)
Kingston Resources Ltd. Business Overview & Revenue Model
Kingston Resources Ltd. Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 39.28M | 44.75M | 11.90M | 0.00 | 0.00 | Gross Profit |
| 17.58M | 11.96M | -1.29M | -39.83K | -37.07K | EBIT |
| 1.57M | 11.03M | -3.13M | -2.01M | -1.44M | EBITDA |
| 7.34M | 14.26M | -2.01M | -1.91M | -714.51K | Net Income Common Stockholders |
| -720.35K | 9.81M | -2.09M | -1.95M | -751.59K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 8.65M | 18.48M | 6.15M | 11.24M | 6.51M | Total Assets |
| 121.62M | 111.42M | 88.59M | 42.34M | 29.88M | Total Debt |
| 9.72M | 9.63M | 831.50K | 51.19K | 116.42K | Net Debt |
| 1.36M | -8.58M | -4.76M | -10.96M | -6.39M | Total Liabilities |
| 30.84M | 34.97M | 27.46M | 1.61M | 2.43M | Stockholders Equity |
| 90.78M | 76.45M | 61.13M | 40.73M | 27.44M |
| Cash Flow | Free Cash Flow | |||
| -17.53M | 3.87M | -16.72M | -9.90M | -7.82M | Operating Cash Flow |
| 5.88M | 15.49M | 2.98M | -1.39M | -1.02M | Investing Cash Flow |
| -29.24M | -16.78M | -22.11M | -8.56M | -6.51M | Financing Cash Flow |
| 13.51M | 13.91M | 13.55M | 14.46M | 8.84M |
Kingston Resources Ltd. Technical Analysis
Kingston Resources Ltd. Peers Comparison
Kingston Resources Ltd. Corporate Events
Kingston Resources Limited presented at the RIU Sydney Conference, highlighting its operations in gold and base metal production in the Cobar Basin, NSW. The presentation provided insights into the company’s strategic positioning and potential impacts on its operations, though it included forward-looking statements subject to uncertainties.
Kingston Resources Limited reported its quarterly cash flow, highlighting a net cash inflow from operating activities of $5.44 million for the current quarter. The company also experienced a net cash outflow from investing activities amounting to $3.65 million, and a net cash inflow from financing activities of $795,000, reflecting its strategic financial management and ongoing investment in resource development.
Kingston Resources reported a significant increase in cash reserves, driven by enhanced production metrics at the Mineral Hill mine, including a 21% rise in ore processing and an 18% increase in gold feed grade. The company achieved a 34% revenue boost from gold and silver sales, with the flotation plant set to be commissioned next quarter, enhancing production capabilities. The ongoing strategic process for the Misima Gold Project remains uncertain, but Kingston continues to reinvest in plant and capital to maximize shareholder value and regional benefits.
Kingston Resources Limited has announced an update on its strategic process concerning the Misima Gold Project, with Argonaut PCF Limited appointed as exclusive advisors. The process is ongoing, and the company has not guaranteed any specific outcomes, indicating potential implications for stakeholders as developments continue.
Kingston Resources Ltd announced a change in the director’s interest, with Andrew Corbett, a director of the company, converting 407,976 FY22 Unlisted LTI Options into the same number of Fully Paid Ordinary Shares. This change reflects an increase in Corbett’s indirect interest in the company, indicating confidence in the company’s future prospects and potentially impacting shareholder perceptions positively.
Kingston Resources Ltd. has announced the quotation of 498,272 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective March 4, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing operations, potentially impacting its market position and offering opportunities for stakeholders.
Kingston Resources Ltd. has announced a proposed issue of 312,891 ordinary fully paid securities, scheduled for May 5, 2025. This move is part of the company’s strategy to enhance its financial position and support its ongoing projects, potentially strengthening its industry standing and providing value to its stakeholders.
Kingston Resources Limited has released its half-yearly financial statements for the period ending December 31, 2024. The report includes key financial documents such as the consolidated statement of financial position, profit or loss, cash flows, changes in equity, and notes to the financial statements. This release provides stakeholders with a comprehensive view of the company’s financial health and performance over the past six months, which is crucial for assessing its market position and future prospects.
Kingston Resources Limited has initiated a major underground diamond drilling program at its Mineral Hill Mine, marking the first such effort in over a decade. This program aims to expand existing resources and explore new targets, with the goal of restarting underground mining operations by early 2026. The company plans to produce gold and copper, with 80% of forecast revenue expected from these metals through 2030. The drilling program is a crucial step in Kingston’s strategy to re-establish production and extend the life of the mine, with extensive opportunities for resource expansion and increased production rates.