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Kingsgate Consolidated Limited (ASX:KCN)

ALERT: Price-sensitive ASX Announcement for KCN
Current share price for KCN : $5.400 1.13 (26.46%)+
Announcement
Release
23 Jul 2026 9:53AM
Price at Release
$4.270
Full Release
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Summary
Kingsgate Consolidated Limited announced a significant production milestone at the Chatree Gold Mine, having produced over 200,000 ounces of gold since operations resumed in March 2023. The milestone highlights the strong performance of the operation. Meanwhile, remediation efforts on Plant 1 are progressing, with the plant operating at 50% capacity using a modified SAG Mill circuit. Repairs on the Ball Mill and its associated infrastructure are ongoing, with key components inspected and a spare trunnion bearing being shipped to facilitate expedited repairs. Plant 2 continues to operate at full capacity, supporting ongoing mining operations.
Key Points
  • Chatree Gold Mine has produced over 200,000 ounces of gold since March 2023.
  • Plant 1 is operating at 50% capacity with a modified SAG Mill circuit.
  • Ball Mill lubrication system has been inspected and restored.
  • Spare trunnion bearing secured and being shipped from Queensland to Thailand.
  • Company working with Metso and contractors to expedite repairs on Ball Mill 1.
  • Mining operations continue with Plant 2 fully operational.
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.