Production Milestone at Chatree Gold Mine
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| Stock | Kingsgate Consolidated Ltd (KCN.ASX) |
|---|---|
| Release Time | 4 Feb 2025, 9:35 a.m. |
| Price Sensitive | Yes |
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Kingsgate Reaches 100th Gold Pour at Chatree Mine
Key Points
- Chatree Gold Mine reaches 100th gold pour since restart in March 2023
- Average gold head grade increased to 0.57 g/t in January 2025, up from 0.51 g/t in Q4 2024
- Ore mining volume continues to exceed expectations
Full Summary
Kingsgate Consolidated Limited (ASX:KCN) has announced that the Chatree Gold Mine has reached a significant production milestone, with the 100th gold pour occurring last week since the mine's restart in March 2023. The doré bars from this 100th gold pour will be refined by Kingsgate's refining partner, Precious Metal Refining Company Limited, who has refined all gold and silver from Chatree since operations restarted. Additionally, the company reported that January 2025 saw a continued uplift in average gold head grade to 0.57 g/t, up from 0.51 g/t in the December 2024 quarter. Furthermore, the volume of ore mined continues to exceed expectations, with January's results above forecast.
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