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Kingsgate Consolidated Limited (ASX:KCN)

ALERT: Price-sensitive ASX Announcement for KCN
Current share price for KCN : $4.900 -0.23 (-4.48%)+
Announcement
Release
13 Apr 2026 7:06PM
Price at Release
$5.130
Full Release
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Summary
In April 2026, Kingsgate Consolidated Limited presented its investor update, highlighting significant milestones and future plans. 2025 marked a transformational year for Kingsgate with its flagship Chatree Gold Mine in Thailand, which resumed full mining operations in late 2024. The company achieved a substantial cash build-up, reducing borrowings significantly while maintaining a strong capital structure. The Chatree mine, with a 9-year reserve life, produced around 75,000 ounces of gold and 625,000 ounces of silver in FY25, and is expected to produce between 85,000 and 95,000 ounces of gold in FY26. Kingsgate has an aggressive exploration program in the Chatree vicinity, focusing on organic growth, and plans to update its pre-feasibility study for the Nueva Esperanza Project in Chile, one of South America's largest undeveloped silver deposits. The company is committed to sustainability, with significant community engagement in Thailand and efforts in environmental stewardship.
Key Points
  • Chatree Gold Mine resumed full operations in late 2024.
  • Significant cash build-up and reduction in borrowings by 68%.
  • Expected gold production of 85,000 to 95,000 ounces in FY26.
  • Aggressive exploration program near Chatree with potential for significant resource growth.
  • Updated pre-feasibility for Nueva Esperanza Project in Chile.
  • Commitment to sustainability and strong community engagement in Thailand.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.