Kingsgate Q1 record gold production

Company News

Gold producer Kingsgate Consolidated Limited (ASX:KCN) has reported record gold production for the first three months of this year, a 14 per cent increase from the December quarter.

Kingsgate attributes the rise to strong production figures at its Chatree project in Thailand.

The gold producer forecasts a strong June quarter with its full year guidance figures in the range of 205-225,000 ounces.

In the first half of the 2012 financial year, Kingsgate generated a net profit of $33.9 million.

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