Kingsgate’s End of Year Financial Report for the period ending 30 June 2011. Click here to download pdf file.
Category Archives: news releases
Kingsgate Financial Results – Year to June 2011
Profit after tax for the year was $21 million (2010, $73 million). This was principally due to lower gold sales of 114,380 ounces, a decrease of 15.2% from the previous year reflecting the abnormal operating conditions at both Chatree and Challenger during this transition year. The profit result for the full year included a $15.8…
Copper Hill – Potential Early Start-Up Under Investigation – Golden Cross Resources News Desk
A possible 30 million tonne start-up pit with head grades of 0.5% copper and 0.5g/t gold is being planned Lower capital cost Faster time-line to production Water and power requirements reduced Regulatory approval process will be much less complex Higher grades, with an initial 10Mt pit at 0.50% copper and 0.66g/t gold At this…