CAPITAL MARKETS

Kingsgate posts profit plunge

KINGSGATE Consolidated is hoping for a much stronger production performance in 2012 after recording a 71% plunge in full year profit for the 2011 calendar year thanks to lower gold sales for the period.

MiningNews.Net
Kingsgate posts profit plunge

Profit after tax for the 12-month period was $A21 million, down from $73 million in 2010. The result included a $15.8 million loss on foreign currency denominated intercompany loans and bank accounts,...

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