Gold miner Kingsgate Consolidated Ltd
(ASX:KCN) says it produced 43,036 ounces of gold in the June quarter, up from 32,992 in the March quarter.
For the year to June 30 the company produced 93,002 ounces of gold ata a cost of US$401 an ounce.
The miner says it expects production over the next 12 months will be 120,000 to 140,000 ounces of gold.
Kingsgate says the gold grade at its main gold mine, Chatree in Thailand, improved to 2.3 grams a tonne.
The company also noted that it had a total of $30 million in the bank with no debt.
Kingsgate Consolidated recorded a profit of $36.19 million in 2008 after a loss the year before.
