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Kingsgate Consolidated Limited (ASX:KCN)

ALERT: Price-sensitive ASX Announcement for KCN
Current share price for KCN : $5.335 1.685 (46.16%)+
Announcement
Release
15 Jul 2026 9:33AM
Price at Release
$3.650
Full Release
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Summary
Kingsgate Consolidated Limited reported progress on the remediation of Plant 1 at the Chatree Gold Mine. Initiatives have increased throughput to 130 wet tonnes per hour and restored 50% of Plant 1's capacity while the total processing capacity is over 4 mtpa. Remediation of Ball Mill 1 involves fast-tracked repairs, including bearing refurbishments and lubrication system audits. Mining operations remain ongoing without interruption, with optimized sequencing to maximize head grades. Kingsgate aims to minimize downtime and maintain production performance while enhancing shareholder value through operational excellence.
Key Points
  • Power draw remains below available capacity at approximately 2.3 MW.
  • Throughput increased to approximately 130 wet tonnes per hour.
  • Short-term initiatives have restored about 50% of Plant 1's normal capacity.
  • Total Chatree processing capacity increased to over 4 mtpa.
  • Remediation works on Ball Mill 1 are being fast-tracked.
  • Ball Mill bearings removed and transported for refurbishment.
  • Procurement of replacement lubrication components underway.
  • Mining operations continue uninterrupted with optimized sequencing.
  • Kingsgate Consolidated Limited owns and operates the Chatree Gold Mine.
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.