17 October 2014
Company Announcements Office
Australian Securities Exchange
Preliminary September Quarterly Release
As a pre-release to its September Quarterly Report, which is scheduled for release on 29 October 2014, Kingsgate would like to advise the following information, subject to confirmation and finalisation:
- Group quarterly gold production of 53,557 ounces at a total cash cost of US$906/oz.
- Chatree produced 33,648 ounces at US$751/oz and Challenger produced 19,909 ounces at US$1,167/oz.
This solid production level is in-line with Group guidance of 195,000 ounces to 215,000 ounces for the current fiscal year.
At the end of September, cash and bullion/doré totalled A$76.4 million, comprising cash of A$60.7 million and bullion/doré of A$15.7 million.
Executive Chairman of Kingsgate, Mr Ross Smyth-Kirk said, “We have started the year with a very solid first quarter putting us well on track for the full year.”
“We remain focussed on realising the full potential of our asset portfolio and I believe we have the requisite skills to achieve it.”
Kingsgate Consolidated Limited