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Kingsgate Acquires Royalties and Water Rights to Boost Nueva Esperanza Project Value
8:33pm on Friday 15th of May, 2026 AEST
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Kingsgate Acquires Royalties and Water Rights to Boost Nueva Esperanza Project Value
8:33pm on Friday 15th of May, 2026 AEST
Key Points
Elimination of US$2 million annual pre-production royalties
Removal of 5% and 3% NSR royalties on Esperanza and Arqueros
Secured long-term water rights, saving US$0.8 million annually
US$21.6 million total consideration funded from cash reserves
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Kingsgate Consolidated (ASX:KCN)
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