Preliminary Final Results and Appendix 4E for the Year Ended 30 June 2015

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Kingsgate has released its Preliminary Financial Results for the year ended 30 June 2015. This release is a summary document to be read in conjunction with the Appendix 4E release.

Key Points

  • Strong cash flow generated from operations of $100.2 million
  • Improved balance sheet
    • Debt reduction of $40.1 million
  • A sound operating performance
    • Production within guidance with gold sold of 202,489 ounces
    • Total cash costs US$833/oz, All?In Sustaining Costs (AISC) of US$998/oz.
    • EBITDA* (before significant items) of $70.9 million.
  • Profitability impacted by lower US dollar gold prices
    • 6.4% lower realised gold price of US$1,208 per ounce
    • Profit before tax and significant items of $1.7 million.
    • Loss after tax and significant items of $147.1 million.
    • Non-cash asset impairment of $148.2 million, relating predominantly to the impact of lower gold price assumptions on the Chatree Gold Mine.

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