Kingsgate Consolidated released their September 2009 Quarterly Report to the Australian Securities Exchange. Key Points included: Quarterly Gold Production: 29,302 ounces Quarterly Cash costs: US$359/ounce gold Access regained to high grade C North in October Reserves increased 14% to 1.5 million ounces More information is available from the Kingsgate News Desk – http://www.kingsgate.com.au/news-desk/default.htm
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Increase in Kingsgate’s Gold Reserves
KINGSGATE’S GOLD RESERVES INCREASED THIS YEAR Gold reserves at Kingsgate’s (ASX:KCN) Chatree Mine in central Thailand increased by 14 per cent to 30 June this year. Ore Reserves increased to 1.5 million ounces of gold in 37.1million tonnes of ore at a grade of 1.2 grams tonne gold. The ounces of gold mined were replaced…