ASX:KCN

Barrenjoey Markets Starts Kingsgate Consolidated at Overweight with AU$8 Price Target

Kingsgate Consolidated Achieves Fiscal 2026 Production Guidance; Shares Down 3%

Kingsgate Consolidated (ASX:KCN) achieved its fiscal 2026 production guidance with 86,078 ounces of gold and 766,009 ounces of silver for total output of 97,159 gold-equivalent ounces, according to a Thursday filing with the Australian bourse.The company's Chatree mine in Thailand produced 20,163 ounces of gold and 220,078 ounces of silver in the June quarter, per the filing.Kingsgate reported June quarter gold sales of 19,290 ounces and silver sales of 199,625 ounces.The company ended the June quarter with available cash and bullion of AU$153.1 million. It attributed the AU$37.2 million reduction from the previous quarter mainly to the deployment of capital across several value-accretive initiatives.Kingsgate Consolidated shares fell nearly 3% in recent Thursday trade.

Kingsgate Consolidated Acquires AU$11 Million Land to Support Thailand Mine Expansion, Shares Down 4%

Kingsgate Consolidated (ASX:KCN) said its unit Akara Resources has substantially completed a strategic land acquisition program to support the ongoing expansion of the Chatree gold mine in Thailand, securing 24 land parcels covering about 86 hectares for total consideration of about AU$11 million, according to a Wednesday Australian bourse filing.The company said the acquisition provides sufficient land to expand the tailings storage facility (TSF) and waste dump areas, supporting the current mine plan and providing additional infrastructure capacity for the next six to eight years.About AU$6.6 million of the acquisition cost was settled before June 30, with the balance expected to settle progressively over the coming weeks as the remaining transactions are completed, the filing added.The company's shares fell 4% in recent Wednesday trade.

Kingsgate Consolidated Says Mining Activities Begin to Establish New Pit at Thailand Gold Mine

Kingsgate Consolidated (ASX:KCN) said mining activities began to establish the new Q pit at the Chatree gold mine in Thailand, with production drilling commencing, according to a Tuesday Australian bourse filing.It completed the first controlled blast within the Q pit development area and progressed drill pad construction, traffic management systems, and blast clearance infrastructure.Geotechnical studies, as well as detailed engineering and pit wall design to optimize the final mining configuration, are also underway.Its shares fell 1% in recent trading on Tuesday.

Kingsgate Consolidated Says Thailand Gold Mine Produced Over 200,000 Ounces of Gold Since 2023 Restart, Shares Jump 3%

Kingsgate Consolidated (ASX:KCN) said the Chatree gold mine in Thailand produced over 200,000 ounces of gold and 2 million ounces of silver since operations restarted in March 2023, according to a Thursday Australian bourse filing.Plant 1 at the mine continues to operate at around 50% of nameplate capacity, with the modified SAG Mill circuit performing reliably at 120 wet tonnes per hour to 130 wet tonnes per hour. It is working with Metso and specialist contractors to expedite the repairs and return ball mill 1 to full operation as soon as practicable.Its shares jumped 3% in recent trading on Thursday.

Australian Shares Up; Rio Tinto Group Reports Lower Q2 Copper Production

Australian shares rose on Wednesday as investors reacted to a slowdown in inflation in the US.The S&P/ASX 200 Index rose 0.37%, or 32.60 points, to close at 8,841.10.The US consumer price index fell 0.4% in June, its first decline since the COVID-19 pandemic.Brent crude oil futures were trading around $85 per barrel as hostilities continued between the US and Iran.Overnight, the S&P 500 and Nasdaq Composite rose 0.4% and 0.9%, respectively.In company news, Rio Tinto Group (ASX:RIO) reported a 7% year-over-year decline in the second-quarter consolidated copper production to 213,000 tonnes, while global iron ore production fell 1% to 87.1 million tonnes. Iron ore production at its Pilbara operations during the period remained flat year over year at 83.5 million tonnes, while Pilbara iron ore sales rose 7% to 85.3 million tonnes.Kingsgate Consolidated (ASX:KCN) has restarted processing at Thailand-based Chatree gold mine's Plant 1 at 50% of normal capacity following remediation works and modifications to the plant's processing circuit.Lastly, Evolution Mining (ASX:EVN) reported group production of 179,655 ounces of gold for the June quarter. Group production was 182,388 ounces of gold in the prior corresponding period.

Kingsgate Consolidated Restarts Thailand Gold Mine Plant 1 at 50% Capacity; Shares Up 13%

Kingsgate Consolidated (ASX:KCN) has restarted processing at Chatree gold mine's Plant 1 at 50% of normal capacity following remediation works and modifications to the plant's processing circuit, according to a Wednesday filing with the Australian bourse.The company said SAG Mill 1 has been recommissioned, increasing Plant 1 throughput to around 130 wet tonnes per hour and restoring total Chatree processing capacity to more than 4 million tonnes per annum, while repairs to Ball Mill 1 are ongoing, per the filing.The company is fast-tracking Ball Mill 1 refurbishment, including bearing repairs, lubrication system upgrades, and specialist contractor work, while mining operations remain uninterrupted and are being optimized to maintain production performance, the filing added.The company's shares rose 13% in recent Wednesday trade.

Kingsgate Consolidated Achieves Fiscal 2026 Gold Production Guidance

Kingsgate Consolidated's (ASX:KCN) Chatree gold mine in Thailand produced 20,163 ounces of gold during the June quarter, bringing fiscal 2026 production to 86,078 ounces to achieve the company's annual guidance, according to a Monday filing with the Australian bourse.The fiscal 2026 gold production increased 15% from fiscal 2025, per the filing.The company also produced 220,078 ounces of silver in the June quarter, taking fiscal 2026 silver production of 766,009 ounces, up 22% from the previous year.Kingsgate reported AU$179 million of cash, bullion, and doré as of the end of June.The company's shares fell past 15% in recent Monday trade following its same-day disclosure of a "significant mechanical failure" at Chatree.

Kingsgate Consolidated Takes One Plant Offline at Thailand Gold Mine Due to Mechanical Failure; Shares Dive 14%

Kingsgate Consolidated (ASX:KCN) reported a "significant mechanical failure" at its Chatree gold mine in Thailand, with elevated bearing temperatures leading to the controlled shutdown of the ball mill at the mine's first plant, according to a Monday filing with the Australian bourse.The incident late on July 10 did not lead to any injuries, and preliminary inspections identified a failure of the ball mill trunnion bearings alongside related damage to the trunnion journals, per the filing.The first plant, which has a nameplate processing capacity of 2.3 million tonnes per year, is offline while the company performs a detailed technical assessment and continues a probe into the root cause of the failure.Kingsgate is considering multiple repair options and is also considering operating alternatives that may allow limited processing at the first plant while it is under repair.The mine's second plant, which has a nameplate processing capacity of 2.7 million tonnes per year and represents the majority of Chatree's gold production, is fully operational, the company said.The company's shares tumbled 14% in recent Monday trade.

Elevra Lithium, Electro Optic Systems and Others Join S&P/ASX 200 Index

Elevra Lithium (ASX:ELV), Electro Optic Systems (ASX:EOS), FireFly Metals (ASX:FFM), Kingsgate Consolidated (ASX:KCN), and Minerals 260 (ASX:MI6) joined the S&P/ASX 200 Index before trading began on Monday, S&P Dow Jones Indices reported Friday.Meanwhile, Guzman Y Gomez (ASX:GYG), IDP Education (ASX:IEL), SiteMinder (ASX:SDR), Temple & Webster (ASX:TPW) and WEB Travel (ASX:WEB) were removed from the index as part of the rebalancing.

Kingsgate Consolidated Acquires Royalty, Water Rights for Chile Project

Kingsgate Consolidated (ASX:KCN) acquired royalty and water rights from Inversiones Anglo American Norte for the development of its Nueva Esperanza project in Chile, according to a Thursday filing with the Australian bourse.The acquisition eliminates future pre-production royalties of $2 million per year, removes the 5% and 3% net smelter return royalty over Esperanza and Arqueros, respectively, and secures long-term water rights, removing the ongoing payment of $778,000 per year, the filing said.

Kingsgate Consolidated Posts Higher Gold Production, Sales in March Quarter; Shares Fall 6%

Kingsgate Consolidated (ASX:KCN) produced 21,036 ounces of gold and sold 21,954 ounces of gold during the March quarter, according to a Thursday filing with the Australian bourse.The gold was produced at an all-in sustaining cost of $2,201 per ounce and sold at an average price of $4,814 per ounce of gold during the quarter, the filing said.For the quarter ended March 31, 2025, the company produced 20,628 ounces of gold at an AISC of $1,839 per ounce and sold 20,000 ounces of gold at an average price of $2,875 per ounce, an earlier filing showed.The company said it remains on track to meet its fiscal 2026 guidance of 93,000 to 103,000 ounces of gold equivalent and all-in sustaining cost of $1,550 to $1,750 per ounce.The company's shares fell around 6% in recent Thursday trade.

Kingsgate Consolidated Reports March Quarter Production; Maintains Fiscal Year 2026 Guidance

Kingsgate Consolidated (ASX:KCN) produced 21,036 ounces of gold and 182,549 ounces of silver in the March quarter, according to a Monday filing with the Australian bourse.The company also reported total cash, bullion, and doré of AU$213 million as of March 31, up roughly 19% from the December 2025 quarter."Looking ahead, we remain firmly on track to achieve [fiscal year 2026] guidance and are focused on delivering a strong final quarter," said Kingsgate Managing Director and Chief Executive Jamie Gibson.