Kingsgate is pleased to announce that today its Thai subsidiary, Akara Mining Limited, executed a US$100 million baht denominated syndicated loan facility that completes its funding requirements for the expansion of its Chatree Mine to over 5 million tonnes per annum ore throughput. The participants in the syndicated loan facility are CIMB Thai Bank Public…
Category Archives: mining industry
Kingsgate – High grade gold intersections in exploration drilling at Challenger
Exploration drilling targeting extensions to the Challenger West shoot at the Challenger Mine in South Australia has intersected spectacular gold mineralisation including 2.16 metres grading 109.83 g/t gold. The current drill program is designed to test the continuity of the high grade Challenger West Shoot below currently defined reserves by drilling from an exploration drive…
Kingsgate March 2011 Quarterly Report
Highlights from March 2011 Quarterly Report Group gold production of 32,973 ounces (including Chatree 16,784 ounces and Challenger 16,189 ounces). Total cash costs of US$425 per ounce at Chatree and US$814 per ounce at Challenger (including royalties). Chatree North Plant expansion on budget and schedule. Dividend of 10 cps declared on 22 February and paid…