Kingsgate Consolidated operational update

Kingsgate Consolidated Limited (ASX: $KCN) has provided an operational update on the Chatree Gold Mine. The refurbishment of Plant #1 is substantially complete, with minor parts such as piping for the cyclone and custom screens for the processing circuit yet to be installed. Additionally, the company is expecting the arrival of new mining equipment later this month, which is set to replace the existing equipment dating back to 2016. Furthermore, the recruitment process for 100 additional staff members is nearing completion, with a focus on local employment.

Executive commentary on operational update

The deal to secure the new Caterpillar equipment is another significant milestone for Chatree. This new equipment will enable significant operational efficiencies, and our experienced and reliable mining contractor LotusHall Mining will work with Akara to put the new equipment to work as soon as it arrives. Having this level of local support is also a huge confidence booster going forward, and we look forward to continuing to work with MetroCAT and Bangkok Bank to grow Chatree.

Summary of Chatree Gold Mine operational update

Kingsgate Consolidated Limited (ASX: $KCN) has made significant progress in the operational update for the Chatree Gold Mine. The completion of the refurbishment of Plant #1, the expected arrival of new mining equipment, and the ongoing recruitment of additional staff demonstrate the company's commitment to enhancing operational efficiency and local employment. The acquisition of new mining equipment is expected to result in substantial cost savings and operational improvements. With ongoing expansion plans, including the earthworks for a lift of Tailings Storage Facility #2, Kingsgate is positioning itself for continued growth and success in the coming years.