Kingsgate Eyes Increased Production, Lower Costs

Kingsgate Consolidated Limited (AU:KCN) has released an update.

Kingsgate Consolidated Limited has announced optimistic production and cost guidance for its Chatree Gold Mine, with gold equivalent production expected to increase to 102-130 koz and all-in sustaining costs projected to drop to $1,400-$1,600 per ounce over the 2026-2028 period. The company emphasizes its commitment to efficiency and cost reduction, with non-sustaining capital expenditure forecasted at around $20 million for 2025, mainly for the acquisition of Caterpillar equipment. The guidance is based on a series of assumptions including gold and silver prices, exchange rates, and the successful continuation of mining operations as per past performance.

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