CAPITAL MARKETS

Change of plans likely to devalue Challenger by $300M

KINGSGATE Consolidated will shift its focus to higher-grade ore in the Challenger West deposit as part of a consolidated plan to reduce costs – which includes job losses and a new mining contract.

Michael Cairnduff
Change of plans likely to devalue Challenger by $300M

Managing director Gavin Thomas said the new plan highlighted the operational flexibility in the Challenger mine and the opportunity to adapt to changing market conditions. Kingsgate announced it would...

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