Kingsgate maintains output expectations
PERTH (miningweekly.com) – Gold miner Kingsgate Consolidated has maintained its production expectations for the 2015 financial year, despite being ordered in January to cease production at its Chatree mine, in Thailand.
Thai authorities have ordered Kingsgate to suspend mining activities at Chatree after random urine and blood tests from villagers nearby the mine revealed above-standard arsenic and manganese levels.
Kingsgate went into a trading halt owing to the uncertainty of the implications of the shutdown, and the timing of the restart.
The miner has maintained that the Chatree operation was not the source of the elevated arsenic or manganese within the surrounding district, as the processing plant at the mine did not use either of these, and the products were not stored on site.
Despite the uncertainty around the restart of operations at Chatree, Kingsgate has maintained full-year production of between 195 000 oz and 215 000 oz, with the Chatree mine expected to deliver between 130 000 oz and 140 000 oz, while the Challenger mine, in South Australia, would deliver between 65 000 oz and 75 000 oz.
During the quarter ended December, Kingsgate reported gold production of 61 549 oz, which was up from 53 557 oz during the previous quarter, as head grades recovered at the Chatree mine.
The Chatree operation delivered 39 134 oz of gold during the quarter, while the Challenger mine delivered 22 415 oz.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation