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Financial|Gold|Mining|Operations
Financial|Gold|Mining|Operations
financial|gold|mining|operations

Kingsgate details production plans

19th September 2024

By: Creamer Media Reporter

     

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Following the successful production ramp-up at the Chatree gold mine, in Thailand, Australia-based Kingsgate Consolidated on Thursday spelled out its production plans until the 2028 financial year.

In the 2025 financial year, the company will produce between 80 000 oz and 90 000 oz of gold, and between 500 000 oz and 600 000 oz of silver, for gold-equivalent production of 86 000 oz to 97 000 oz at an all-in sustaining cost (AISC) of $1 650/oz to $1 800/oz.

The production guidance in the 2025 financial year reflected the ramp-up of mining and processing operations during the first half, resulting in production being more heavily weighted to the second half, said Kingsgate.

Production is expected to progressively increase through the outlook period, in line with a higher average mill feed grade.

For the period 2026 to 2028, Kingsgate is forecasting gold production of 95 000 oz to 120 000 oz and silver output of 550 000 oz to 750 000 oz, for gold-equivalent production of 102 000 oz to 130 000 oz at an AISC of $1 400/oz to $1 600/oz.

Edited by Creamer Media Reporter

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