Kingsgate Consolidated Limited.
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Chatree Gold Mine Produces Over 13,000 Ounces of Gold and 155,000 Ounces of Silver
Kingsgate Consolidated Limited (ASX: KCN) recently announced that as of March 2023, approximately 13,135 ounces of gold and 155,712 ounces of silver have been produced from the Chatree Gold Mine since Plant #2 was commissioned. With gold recoveries averaging at 84. 5% and silver recoveries at 58%, the production from Plant #2 continues to exceed nameplate capacity at an average throughput of 332 dry tonnes per hour.
Progress on Plant #1 Overhaul Project
The Plant #1 Overhaul Project is progressing well, with key long lead time items ordered and expected to be received ahead of schedule. Additionally, refurbishment works are being conducted concurrently using allocated work packs for Plant #1 Overhaul Project components.
Comment from Kingsgate's Executive Chairman
Executive Chairman Mr. Ross Smyth-Kirk expressed his satisfaction with the recent production results and stated, "We are delighted with Plant #2’s production performance as it continues to exceed expectations, and our focus now remains on getting Plant #1 up and running as quickly as possible.
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These production results demonstrate the effectiveness of Kingsgate's operations team. As a result, the market expects this to positively impact the company's stock value.
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