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Kingsgate restores partial capacity at Chatree’s Plant 1 while fast-tracking Ball Mill repairs

Kingsgate restores partial capacity at Chatree’s Plant 1 while fast-tracking Ball Mill repairs
Story Highlights
  • Kingsgate has restarted Plant 1 at the Chatree Gold Mine using a modified circuit, restoring about half of its normal capacity and lifting total site throughput to over 4 million tonnes per annum during Ball Mill repairs.
  • Ball Mill 1 remediation is advancing with key refurbishment steps underway, while mining operations and Plant 2 continue uninterrupted, supported by optimised mine sequencing to sustain production performance.
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Kingsgate Consolidated Limited ( (AU:KCN) ) has issued an update.

Kingsgate has provided an operational update on remediation works at Plant 1 at the Chatree Gold Mine, where a modified circuit has enabled the plant to restart with the Ball Mill isolated and SAG Mill 1 running in closed circuit. These short-term measures have restored about half of Plant 1’s normal processing capacity, lifting total Chatree throughput to more than 4 million tonnes per annum while repairs are fast tracked.

Remediation of Ball Mill 1 is progressing with bearings removed and sent for refurbishment in Thailand, replacement lubrication components procured, and system audits underway with support from Metso and specialist contractors. Mining operations remain uninterrupted, with mine sequencing and stockpile management being optimised to maximise head grades for the reduced Plant 1 capacity and fully operational Plant 2, helping sustain production performance during the repair period and beyond.

The most recent analyst rating on (AU:KCN) stock is a Hold
with a A$6.45 price target.
To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock,
see the AU:KCN Stock Forecast page.

More about Kingsgate Consolidated Limited

Kingsgate Consolidated Limited is an Australian gold and silver mining, development, and exploration company listed on the ASX. The company owns and operates the Chatree Gold Mine in Thailand and is advancing the Nueva Esperanza silver-gold project in Chile, with a strategy focused on long-term shareholder value through operational excellence and disciplined growth across its precious metals portfolio.

Average Trading Volume: 1,503,592

Technical Sentiment Signal: Buy

Current Market Cap: A$1.33B

See more insights into KCN stock on TipRanks’ Stock Analysis page.

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