Join our daily newsletter At The Bell to receive exclusive market insights
- In August, Kingsgate Consolidated (KCN) achieved its best month of production at the Chatree gold mine in Thailand
- During the month, 3582 ounces of gold and 50,535 ounces of silver were poured
- Recoveries remained strong at 82.7 per cent for gold and 57.4 per cent for silver
- KCN’s second plant continues to run above nameplate capacity at an average of 398 tonnes per hour
- KCN shares last traded at $1.35
In August, Kingsgate Consolidated (KCN) achieved its best month of production at the Chatree gold mine in Thailand, with 3582 ounces of gold and 50,535 ounces of silver poured.
Throughout August, the company reported consistently strong recoveries at 82.7 per cent for gold and 57.4 per cent for silver.
KCN’s Executive Chair, Ross Smyth-Kirk, described the results as an ‘excellent’ result.
“This is an excellent result for August and is particularly pleasingly, considering we are processing ore from low-grade stockpiles while we continue working towards the recommencement of full mining operations,” he said.
KCN’s second plant continues to operate above nameplate capacity, averaging 398 tonnes per hour with an average head grade of 0.48 grams per tonne gold.
In August, a total of 268,283 wet tonnes were milled, with the crush feed reaching 242,414 tonnes at an average rate of 482 tonnes per hour and a 96 per cent availability rate.
Additionally, 270,337 tonnes of stockpiled ore were transferred to the company’s Run of Mine pad.
KCN shares last traded at $1.35.
-1200x645-380x200.jpg)
