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June 2014 Quarterly Report

Key Points

  • Strong Group operating performance with quarterly gold production of 55,450 ounces at total cash cost of US$857/ounce.
  • Record Group annual gold production of 209,500 ounces, at the top end of the guidance range of 190,000 to 210,000 ounces.
  • Chatree produced 36,475 ounces of gold at US$631/ounce and Challenger produced 18,975 ounces of gold at US$1,291/ounce for the quarter.
  • The retail component of the capital raising was completed in mid-April with gross funds received of A$30.9 million.
  • Mine plan optimisation and additional metallurgical testwork is underway to support the positive Nueva Esperanza DFS.
  • Encouraging gold exploration results at Sayabouly in Lao PDR with 5.0m @ 6.7g/t gold and 4.0m @ 6.7g/t in trenching.
  • Geoff Day was appointed CEO and will join Kingsgate during the September quarter.
  • Peter Warren appointed as a Non-Executive Director of Kingsgate.

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