Kingsgate Consolidated Provides Fiscal 2025 Production Guidance; Shares Fall 8%

MT Newswires Live09-19

Kingsgate Consolidated (ASX:KCN) said Thursday it expects to produce 80,000 to 90,000 gold ounces at an all-in sustaining cost of $1,650 to $1,800 per ounce in the fiscal year 2025 from the Chatree gold mine in Thailand, according to a filing with the Australian bourse.

Silver production for the reported year is expected to range from 500,000 ounces to 600,000 ounces, while gold equivalent ounces are anticipated to be from 86,000 to 97,000, the filing said.

For the fiscal years 2026 to 2028, Kingsgate expects to produce 95,000 to 120,000 gold ounces; 550,000 to 750,000 silver ounces; and 102,000 to 130,000 gold equivalent ounces per year at an all-in sustaining cost of $1,400 to $1,600, the filing added.

Shares of the mining firm fell past 8% in recent Thursday trade.

Price (AUD): $1.25, Change: $-0.11, Percent Change: -8.12%

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