Kingsgate Consolidated Limited
(ASX:KCN) has been given the go-ahead by the Chilean Government for its gold and silver mine in the Atacama region.
Kingsgate says an environmental impact assessment submission for the project has been approved, but the feasibility study is still being completed.
The miner says it remains confident the project will continue to advance despite the volatile metal price conditions.
The company says it is continuing to evaluate an optimum development route that would have both a lower power requirement and lower capital costs.
The conclusions from the work are expected to be released in the September quarter.
Kingsgate delivered a net profit of $8.1 million in the first half of fiscal 2013.
