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Kingsgate (KCN)

Business description

Kingsgate Consolidated is an ASX-listed gold producer with the Chatree mine in Thailand and Challenger mine in Australia. As part of a growth and diversification programme, the company also has silver projects in Chile and New South Wales, Australia.

Record gold production

QuickView | Mining | 13/08/2013

Kingsgate’s (KCN) gold production in Q413 experienced a strong recovery from recent quarters and reached a record quarterly level of 61,973oz. This was all attributable to the Chatree operation, which achieved its second highest quarterly gold production of 46,093oz. Chatree ore reserves also increased by 13% to 1.82Moz of gold. In response to lower gold prices and to position the company for the future, cost savings initiatives across the group will reduce annual costs by A$25m.

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Stock data

Market cap.£64.8m
Last close0.290p
High / Low (52 weeks)0.4p / 0.2p
Stock market listingAU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *2.427.3(32.6)

* % Relative to local index