Kingsgate Consolidated Ltd.

Symbol: ASX:KCN. Country: Australia.
ADR symbol: KSKGY

Company Statement:
Kingsgate Consolidated Limited (Kingsgate) is a low cost gold producer and a highly successful gold mining and exploration company traded on the Australian Stock Exchange (KCN: ASX; ADR :KSKGY). The company owns and operates the Chatree gold mine in central Thailand through its Thai subsidiary, Akara Mining Limited, using the world's best practices for safe, environmental and socially responsible operations.

A growing reserve/resource position within granted mining leases lies in a gold province which exhibits world class potential, with recent near mine gold discoveries.
 
History
Kingsgate was officially listed on the ASX in April 1988.
The company's strategic advantage is its specialist knowledge of the geological, political and business culture of South East Asia developed over the 15 years of operating there. Exploration in Thailand led to the greenfields discovery of the Chatree gold deposit in 1995 and development in 2000-01.

Operations
Construction of the Chatree Gold Mine took place between December 2000 and October 2001 with commissioning in November 2001. It was completed within time and under budget and commercial production commenced on 27 November 2001.

The ore has a high metallurgical recovery (89-91%) with gold and silver extraction by standard Carbon in Leach (CIL) processing with destruction of cyanide in the pulp to 5-7ppm prior to delivery to the tailings storage facility.

Production
Total production at Chatree for the year ended 30 June 2009 was 93,002 ounces of gold (2008: 74,137 ounces) and 293,472 ounces of silver (2008: 232,039 ounces) at a total cash cost of US$405 per ounce (2008: US$457 per ounce) and total production cost of US$493 per ounce.

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Kingsgate Consolidated Ltd.