Nueva Esperanza Resources and Reserves Update September 2026
Kingsgate Consolidated Ltd
Key points
- Mineral Resources increased by 3% to 62.4 million ounces of silver
- Ore Reserves increased by 31% to 51.9 million ounces of silver
- Reserve life extended to over 12 years due to increased reserves
- Update incorporates increased silver and gold price forecasts
- Royalty considerations reduced due to 2026 Anglo American royalty purchase
Full summary
Kingsgate Consolidated Limited (ASX: KCN) is pleased to announce a Mineral Resources and Ore Reserves update for the Nueva Esperanza project in Chile. The update incorporates increased silver and gold price forecasts and a reduction of royalty considerations due to the 2026 Anglo American royalty purchase. Mineral Resources increased by 3% to 62.4 million ounces of silver and less than 1% to 0.36 million ounces of gold. Ore Reserves increased by 31% to 51.9 million ounces of silver and 37% to 0.26 million ounces of gold, extending the reserve life to over 12 years. The increase in metal content is due to increased silver and gold price assumptions and reduction of royalty considerations. The update supports the ongoing development of the Nueva Esperanza project.
Guidance
Mineral Resources: 62.4 million ounces of silver, 0.36 million ounces of gold Ore Reserves: 51.9 million ounces of silver, 0.259 million ounces of gold
Outlook
The increase in mineral resources and ore reserves, along with the extended reserve life, supports the ongoing development and potential expansion of the Nueva Esperanza project.