Curated News
By: NewsRamp Editorial Staff
May 30, 2024
Kingsgate Consolidated Advances Chatree Gold Mine Operations in Thailand and Chile
TLDR
- Kingsgate Consolidated returns to steady-state production at Chatree Gold Mine, aiming for 100,000–120,000 ounces of gold annually.
- Kingsgate's Chatree Gold Mine operates as a large-scale, low-cost, open-pit mine with a processing capacity of over 5 million tonnes per annum.
- Kingsgate's progress in rebuilding the Chatree Gold Mine and unlocking its full potential has the potential to bring economic benefits to the local communities.
- Kingsgate's ongoing successful exploration at the Chalawan and Kumpee prospects near Chatree has revealed promising gold intersections, with plans for targeted drilling and geophysical surveys.
Impact - Why it Matters
The news is important for investors and stakeholders in the mining industry, as it provides insight into the latest developments and future potential of Kingsgate Consolidated Ltd. The company's efforts to rebuild and advance the Chatree Gold Mine have significant implications for the production of gold and silver in the region, as well as the overall exploration and mining activities in Thailand and Chile.
Summary
Kingsgate Consolidated Ltd (ASX:KCN) CEO and managing director Jamie Gibson discusses the latest developments at the company's Chatree Gold Mine in Thailand and Nueva Esperanza Development Project in Chile. The flagship Chatree Gold Mine has resumed operations, with a focus on completing the Plant #1 Overhaul Project to return to steady-state production. Additionally, ongoing successful exploration at the Chalawan and Kumpee prospects near Chatree has revealed promising results, with plans for targeted drilling and geophysical surveys to unlock greater value.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Kingsgate Consolidated Advances Chatree Gold Mine Operations in Thailand and Chile
