Kingsgate Consolidated Achieves Production Milestone
Key points
- Chatree Gold Mine produces over 200,000 ounces of gold and 2 million ounces of silver
- Plant 1 remediation progresses with Ball Mill rebuild and infrastructure improvements
- Plant 1 operating at 50% capacity, supported by higher-grade ore feed
Full summary
Kingsgate Consolidated Limited (ASX: KCN) announced that the Chatree Gold Mine has produced over 200,000 ounces of gold and 2 million ounces of silver since operations resumed in March 2023, marking a significant operational milestone. The company is also pleased with the progress of remediation works on Plant 1, with key developments including the Ball Mill rebuild, trunnion lubrication motor overhaul, and the inspection and cleaning of the Ball Mill lubrication system. Plant 1 continues to operate at approximately 50% of nameplate capacity, supported by higher-grade ore feed. Mining operations remain uninterrupted, and Plant 2 continues to perform well.
Outlook
Kingsgate is optimistic about returning Plant 1 to full production as soon as practicable, supported by higher-grade ore feed and operational optimization.
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