• Production of 33,755 oz of gold and 297,368 oz of silver
• Recommissioned and ramped up Plant 1
• Increased gold and silver production drove 133% revenue growth
• 115% increase in net profit

Kingsgate Consolidated Limited, an experienced gold and silver mining, development and exploration company based in Sydney, Australia, has released its Interim Report for the half-year ended 31 December 2024. Key highlights include:- Production of 33,755 ounces of gold and 297,368 ounces of silver- Successful recommissioning and ramp up of Plant 1, with the combined Plants 1 and 2 operating above nameplate capacity at an annualized rate of approximately 5.2 million tonnes- A 133% increase in revenue driven by the increased gold and silver production- A 115% increase in net profit- Repayment of the $13.2 million preference shareholder loan in full- A 57% increase in the cash balance to $15.4 millionThe company's Chatree Gold Mine in central Thailand has continued to ramp up operations, with significant increases in mining and processing volumes. An updated Mineral Resources and Ore Reserves statement for the Chatree mine was released in December 2024, and preliminary data suggests these new models are delivering more accurate tonnage and grade forecasts.The company's Nueva Esperanza Development Project in Chile also saw progress, with a geochemical study identifying three new exploration targets that will be the focus of further work in 2025. Kingsgate is currently evaluating options to reduce holding costs associated with this asset.Overall, Kingsgate has delivered a strong operational and financial performance for the first half of the 2025 financial year, positioning the company well for the remainder of the year.

Kingsgate expects to maintain the current strong operational performance at the Chatree Gold Mine for the remainder of FY25, with continued high gold and silver production and sales.

Kingsgate is focused on further optimizing operations at the Chatree Gold Mine and progressing the Nueva Esperanza Development Project in Chile to unlock additional value for shareholders. The company remains committed to delivering sustainable growth and returns.