Kingsgate Sustains Over 20,000 Ounces Gold Production in March Quarter

Consistent Gold Production Strengthens Kingsgate's Position

Kingsgate Consolidated Limited (ASX:KCN) has sustained its momentum with a solid March quarter, producing 21,036 ounces of gold and 182,549 ounces of silver. This marks the fifth consecutive quarter where gold output has surpassed 20,000 ounces, a notable achievement that underscores operational consistency at its Chatree gold mine.

Year-to-date FY26 production totals 65,915 ounces of gold and 545,932 ounces of silver, reflecting steady progress toward the company’s annual guidance. The addition of a new 6030 excavator during the quarter supported a new monthly record for total material moved, signalling ongoing operational improvements under CEO Jamie Gibson’s leadership.

Cash Reserves Surge by Nearly 20%

Kingsgate’s financial position continues to firm up, with total cash, bullion, and doré reaching A$213 million as of 31 March 2026. This represents a roughly 19% increase from the December quarter, reinforcing the company’s robust liquidity. The strong cash position follows a series of positive financial results, including a spectacular half-year profit surge reported earlier this year, where Kingsgate declared its first interim dividend in years and demonstrated confidence in its growth trajectory.

In line with this, the company paid an interim dividend of approximately A$26 million on 10 April, rewarding shareholders amid sustained production and cash flow strength. This dividend payment follows the 10-cent interim dividend declared in February, which coincided with a record profit period and operational ramp-up at Chatree.

On Track for FY26 Guidance and Operational Focus

Looking ahead, Kingsgate remains on track to meet its FY26 production guidance. The company is focused on delivering a strong final quarter, leveraging operational efficiencies and equipment upgrades to maintain output levels. The Chatree mine’s performance is critical, as it continues to drive the bulk of production and cash generation.

This steady operational and financial progress builds on Kingsgate’s transformational 2025, which saw a 344% share price surge and significant debt reduction. The company’s ability to convert these gains into consistent quarterly production and improved cash reserves will be key to sustaining investor confidence.

Further details are expected in the upcoming March 2026 Quarterly Report, which will provide a deeper dive into operational metrics and financials.