Analyst Research Report Snapshot

Title:

KINGSGATE CONSOLIDATED - RECORD GOLD PRODUCTION

Price:

$10.00

Provider:

Edison Investment Research

Date:

13 Aug 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

KCN.AX

Available for Immediate Download
Summary:

Kingsgate’s (KCN) gold production in Q413 experienced a strong recovery from recent quarters and reached a record quarterly level of 61,973oz. This was all attributable to the Chatree operation, which achieved its second highest quarterly gold production of 46,093oz. Chatree ore reserves also increased by 13% to 1.82Moz of gold. In response to lower gold prices and to position the company for the future, cost savings initiatives across the group will reduce annual costs by A$25m.

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