EXPLORATION & DEVELOPMENT

Kingsgate posts $21M profit

KINGSGATE Consolidated is busy drilling in Chile as it reported a net profit of $A21.12 million for the six months ending December 31, maximising returns in the final months of the Chatree gold operation in Thailand.

Michael Quinn
Kingsgate posts $21M profit

The profit compared to the previous corresponding period’s $67,000 result. However the net tangible asset backing per share in the wake of Chatree’s closure has dropped from $1.35 12 months ago to 44c....

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