Kingsgate Consolidated production and cost outlook announcement

Kingsgate Consolidated Limited (ASX:KCN) has released its production and All-in Sustaining Costs (AISC) guidance for the 2025 financial year, along with the production and AISC outlook for the 2026, 2027, and 2028 financial years. The production target is supported by 52% Proved Reserves, 40% Probable Reserves, and 8% Inferred Resources. The company emphasizes the low level of geological confidence associated with Inferred Mineral Resources and the uncertainty of further exploration work resulting in the determination of Indicated Mineral Resources or the realization of the production target.

Executive Commentary on Production and Cost Outlook

The Company is pleased to announce the production and AISC guidance for the 2025 financial year, reflecting the successful ramp up of operations at the Chatree Gold Mine in Thailand. We expect production to increase progressively through the outlook period, supported by a higher average mill feed grade. Our focus remains on efficiency and cost reduction, with a view to improving the published ranges. We are also mindful of the impact of gold price on AISC and are prepared to make adjustments if a lower gold price prevails. Additionally, we anticipate non-sustaining capital expenditure of around US$20m for the 2025 financial year, primarily related to the acquisition of Caterpillar equipment, announced in March 20246.

Summary of Kingsgate Consolidated's Production and Cost Outlook

Kingsgate Consolidated Limited (ASX:KCN) has outlined its production and AISC guidance for the 2025 financial year, as well as the production and AISC outlook for the subsequent three financial years. The company aims to increase production, particularly in the second half of 2025, and anticipates a progressive increase in production through the outlook period. Kingsgate Consolidated emphasizes its focus on efficiency, cost reduction, and the impact of gold price on AISC. The company also highlights the non-sustaining capital expenditure related to the acquisition of equipment. The estimated Ore Reserves and Mineral Resources underpinning the production target have been previously reported and continue to apply, subject to depletions since 30 June 2023. Kingsgate Consolidated remains committed to its strategy of enhancing production efficiency and reducing costs, while remaining mindful of external factors such as commodity prices and exchange rates.