Kingsgate Hits 100th Gold Pour at Chatree, Boosts Grade and Output
Kingsgate Consolidated Limited celebrates a key production milestone at its Chatree Gold Mine with the 100th gold pour since March 2023, alongside rising head grades and ore volumes exceeding forecasts.
- 100th gold pour milestone achieved at Chatree since restart
- January 2025 head grade increased to 0.57 g/t gold from 0.51 g/t
- Ore mined volume surpasses forecasted expectations
- Gold and silver refined by Precious Metal Refining Company Limited
- Operations restarted in March 2023, marking steady production growth
Kingsgate Reaches Significant Production Milestone
Kingsgate Consolidated Limited (ASX: KCN) has marked a notable achievement at its Chatree Gold Mine with the 100th gold pour since operations resumed in March 2023. This milestone underscores the company’s successful restart strategy and operational momentum in a competitive gold mining sector.
Improved Ore Quality and Volume Signal Operational Strength
January 2025 production data reveals a continued uplift in the average head grade to 0.57 grams per tonne (g/t) gold, up from 0.51 g/t recorded in the December 2024 quarter. This improvement in ore quality is complemented by ore volumes mined exceeding initial forecasts, suggesting enhanced mining efficiency and resource management at Chatree.
The combination of higher-grade ore and increased volume mined bodes well for Kingsgate’s near-term output and revenue potential, reinforcing confidence in the mine’s operational trajectory since its restart.
Refining Partnership Supports Consistent Production Flow
The dore bars produced from the 100th gold pour will be refined by Precious Metal Refining Company Limited (PMR), Kingsgate’s longstanding refining partner. PMR has handled all gold and silver refining from Chatree since the mine’s restart, ensuring a streamlined process from extraction to market-ready product.
Looking Ahead: Sustaining Momentum Amid Market Dynamics
While the milestone and production improvements are encouraging, Kingsgate’s ability to sustain these gains will be closely watched by investors and analysts. Factors such as global gold prices, operational costs, and geopolitical considerations in Thailand could influence future performance. Nevertheless, the current data points to a positive operational phase for Kingsgate as it consolidates its position in the gold mining industry.
Bottom Line?
Kingsgate’s Chatree milestone sets a strong foundation, but sustaining growth will be key amid evolving market conditions.
Questions in the middle?
- Can Kingsgate maintain or further improve head grades and ore volumes in coming quarters?
- What impact will global gold price fluctuations have on Chatree’s profitability?
- Are there any upcoming operational or regulatory challenges that could affect production continuity?
