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KCN 26.0¢

excellent quarterly results!

  1. Tremeer

    1,163 Posts.
    KCN has just released it' lates quarterly results are they are terrific as expected.

    Have a look at the ASX site, but the summary is as follows

    # Chatree mine expansion approved
    # Production for Dec 1/4, 37,294 oz
    # Cash cost USD$74 oz !!
    # Av price recived USD$ 326 !!
    # KCN can deliver gold to the spot market to 3/2004
    # Chatree resources and reserves increased

    Total revenue for metal sales last 1/4 USD$ 12.6m

    All in all an oustanding result with the forecast they will meet their 12 months to June 2003 forecast....but read they will EXCEED this!!!

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