Kingsgate’s Chatree Gold Mine Hits 20,000 Ounces in Strong FY25 Finish
Kingsgate Consolidated’s Chatree Gold Mine delivered a robust quarter with gold production exceeding 20,000 ounces, aligning with its revised FY25 guidance and boosting cash reserves.
- Chatree Gold Mine produced 20,278 ounces of gold in June quarter
- FY25 gold production totals 74,661 ounces, meeting revised guidance
- Silver output reached 166,807 ounces for the quarter and 625,698 ounces for FY25
- Available cash and bullion increased over 15% to A$69 million
- Further details expected in upcoming June 2025 Quarterly Report
Steady Gold Production Caps FY25
Kingsgate Consolidated Limited has reported a solid finish to its financial year 2025, with the Chatree Gold Mine producing 20,278 ounces of gold during the June quarter. This marks the second consecutive quarter surpassing the 20,000-ounce mark, underscoring operational consistency at the Thai-based mine.
The total gold output for FY25 reached 74,661 ounces, aligning closely with the company’s revised full-year production guidance. This steady performance is a reassuring signal for investors, reflecting effective mine management and stable extraction rates amid a challenging global mining environment.
Silver Production and Financial Health
Alongside gold, Chatree delivered 166,807 ounces of silver in the June quarter, contributing to a total FY25 silver production of 625,698 ounces. This dual-metal output enhances the mine’s revenue diversification and buffers against fluctuations in gold prices.
Financially, Kingsgate’s cash-on-hand and bullion holdings rose by more than 15% quarter-on-quarter, reaching A$69 million. This increase bolsters the company’s liquidity position, providing a stronger foundation for potential future investments or operational expansions.
Leadership Perspective and Outlook
Managing Director and CEO Jamie Gibson praised the Chatree team’s performance, highlighting the operational discipline that drove the strong finish to FY25. The company plans to release a detailed June 2025 Quarterly Report later this month, which will offer deeper insights into operational metrics and financial results.
While the current figures are unaudited, the consistent production and improved cash position suggest Kingsgate is well-positioned to maintain momentum into FY26. Market watchers will be keen to see if the company can sustain or even improve these outputs amid evolving commodity market dynamics.
Bottom Line?
Kingsgate’s steady production and stronger cash position set the stage for a potentially confident FY26, but upcoming reports will be key to confirming this trajectory.
Questions in the middle?
- Will Kingsgate revise its FY26 production guidance based on FY25 outcomes?
- How will fluctuating gold and silver prices impact Kingsgate’s profitability moving forward?
- What operational challenges or opportunities might affect Chatree’s output in the next quarters?
