Kingsgate Consolidated Posts Lower Gold Production, Sales in September Quarter; Shares Fall 13%

MT Newswires Live10-30 11:22

Kingsgate Consolidated (ASX:KCN) produced 14,802 ounces of gold and 187,925 ounces of silver during the September quarter, at an all-in sustaining cost (AISC) of $2,514 per ounce sold, according to a Friday filing with the Australian bourse.

The company produced 23,922 ounces of gold and 205,841 ounces of silver at an AISC of AU$1,880 per ounce sold in the September 2025 quarter, an earlier filing showed.

It sold 17,339 ounces of gold at an average price of $4,236 per ounce during the quarter, compared with 26,322 ounces at an average price of $3,461 per ounce a year earlier.

The company's fiscal 2027 production guidance includes 75,000 to 85,000 ounces of gold, 650,000 to 750,000 ounces of silver, and 89,000 to 93,000 ounces of gold equivalent, with AISC, before royalties, forecast at $1,650 to $1,850 per ounce sold.

The company's shares fell around 13% in recent Friday trade.

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