Kingsgate Consolidated has reported its strongest quarterly gold production at the Chatree mine since its restart, with a significant boost in cash receipts signaling operational momentum.
- Record quarterly gold production of 23,922 ounces
- Silver output reached 205,841 ounces
- 18% increase in gold production from previous quarter
- Total cash, bullion, and doré rose 36% to A$115 million
- Strong plant throughput and higher ore grade driving growth
Record Production Milestone
Kingsgate Consolidated Limited (ASX, KCN) has announced a landmark quarter at its Chatree Gold Mine, delivering the highest gold output since the mine’s restart. For the quarter ending 30 September 2025, the company produced 23,922 ounces of gold, marking an 18% increase over the previous quarter. Silver production also remained robust at 205,841 ounces.
This surge in production coincided with a notable jump in cash receipts, bullion, and doré sales, which collectively reached A$115 million; a 36% rise compared to the June quarter. This inflow includes A$17 million in restricted cash, underscoring the strong financial position Kingsgate is building from its operational success.
Drivers Behind the Growth
Managing Director and CEO Jamie Gibson attributed the record performance to the continued ramp-up of operations at Chatree. He highlighted consistently high plant throughput and an elevated ore grade, particularly in the western side of A pit, as key factors. These operational efficiencies suggest that the mine is beginning to unlock its full potential after the restart phase.
While the company anticipates some natural fluctuations in quarterly production throughout fiscal year 2026, the current momentum points to a promising trajectory. Kingsgate’s focus on optimizing extraction and processing efficiencies could translate into sustained improvements in output and cash flow.
Looking Ahead
Further details on the quarter’s performance will be disclosed in the upcoming September 2025 Quarterly Report, expected later this month. Investors will be keen to see how Kingsgate plans to capitalize on this strong foundation and whether the company can maintain or even accelerate this growth trend amid the usual operational variances.
Overall, Kingsgate’s latest announcement signals a positive step forward for the Chatree Gold Mine, reinforcing its status as a key asset within the company’s portfolio and a contributor to shareholder value.
Bottom Line?
Kingsgate’s record quarter at Chatree sets the stage for a pivotal year ahead, but sustaining this momentum will be the real test.
Questions in the middle?
- Can Kingsgate maintain or improve production levels amid expected quarterly variations?
- What specific operational efficiencies are planned to further unlock Chatree’s potential?
- How will the increased cash receipts impact Kingsgate’s broader financial strategy?