Stunning Results for Kingsgate were released yesterday for 3 months to June 30th.
Expect that a maiden dividend will be declared shortly and a marketing campaign will comeence shortly to analysts and fund managers
Kingsgate Three Months to 30 June, 2002
Consolidated NL
ACN 000 837 472
Chatree Gold Mine Thailand, 100% Kingsgate:
Produced: 41,326 ounces gold
153,528 ounces silver
Total cash cost: USD65 per ounce
Production at the company’s Chatree Gold Mine for the quarter was at an annualised rate of 1.17 million tonnes, or 17% above nameplate capacity. The Board approved the first plant upgrade consisting of 3 additional CIL tanks to improve gold recovery at the higher throughput. There were no lost time accidents or environmental incidents.
PRODUCTION
Gold production: 41,326 ozs.
Silver production: 153,528 ozs.
Total Cash Cost per ounce: USD65 per oz.
Average gold price received: USD312 per oz.
FINANCE
Revenue for the period was USD14.2 million.
Cash on hand at the 30th June was USD14.2 million
Hedge book reduced by 1,196 ounces through gold deliveries.
Excellent Quarterly Results
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Mkt cap ! $327.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 15594 | $1.48 |
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| Price($) | Vol. | No. |
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| $1.49 | 4011 | 2 |
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| Last updated 15.59pm 24/06/2022 (live) ? | |||||
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