ASX CEO Connect Presentation
| Stock | Kingsgate Consolidated Ltd (KCN.ASX) |
|---|---|
| Release Time | 15 Apr 2025, 10:45 a.m. |
| Price Sensitive | Yes |
Kingsgate Consolidated Presents at ASX CEO Connect
- Strong operational performance at Chatree Gold Mine, Thailand with 80-90koz Au production guidance for FY25
- Significant exploration upside at Chatree and Nueva Esperanza project in Chile
- Focused on disciplined capital management and returning cash to shareholders
Kingsgate Consolidated Limited (ASX:KCN) presented at the April ASX CEO Connect event, providing an update on its key assets and business performance. The company's presentation was predominantly based on previously announced information, as the March 2025 quarter operational and financial data is currently being compiled. Key highlights include:Chatree Gold Mine, Thailand:- Large open-pit, low-grade, epithermal gold deposit with 1.24 Moz of Reserves and 3.8 Moz of Resources, supporting a ~9-year reserve life- Recently refurbished processing plants operating above nameplate capacity of 5 Mtpa- Focused on continuing to ramp up operations, targeting 80-90koz Au at AISC US$1,650-1,800/oz in FY25- Significant exploration upside and growth opportunity for a Kalgoorlie-style 'Super Pit'Nueva Esperanza Development Project, Chile:- Prospective pre-feasibility stage silver-gold project, the 7th largest undeveloped silver deposit globally- Strong silver market fundamentals support a buoyant outlook, with analysts forecasting further price increases- Geochemical sampling, topographic survey, and road repairs completed, exploring options to unlock value for shareholdersThe company also highlighted its financial strength, with a US$35 million debt facility, repayment of ~A$13 million in debt in FY25, and a tight capital structure. Kingsgate is focused on disciplined capital management and returning cash to shareholders.
Kingsgate is targeting 80-90koz Au production at AISC of US$1,650-1,800/oz in FY25, with production weighted to the second half of the year.
Kingsgate is focused on continuing to ramp up operations at the Chatree Gold Mine, with an aggressive exploration program underway to unlock further value. The company is also exploring options to unlock value from its Nueva Esperanza development project in Chile, including a potential separate listing.