Kingsgate Consolidated Limited (AU:KCN) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Kingsgate Consolidated Limited reports a strong financial year with significant operational improvements, including the safe and successful ramp up of the Chatree Gold Mine, leading to increased gold and silver production. Highlighting a net profit of $199.8 million, bolstered by a full impairment reversal of the mine, the company exhibits robust financial health and confidence in long-term mine performance. Backed by a new US$35 million financing facility, Kingsgate provides forward-looking guidance for 2025 and an optimistic outlook up to 2028.
For further insights into AU:KCN stock, check out TipRanks’ Stock Analysis page.
