Kingsgate Consolidated achieves annual production target

• Kingsgate Consolidated met its full-year production guidance by generating 86,078 ounces of gold at its Chatree mine.
• The company's share price declined by 8.25% to $4.34 following the market update.
• Management intends to utilise its cash reserves to fund disciplined growth opportunities and invest in the business.

Kingsgate Consolidated (ASX:KCN) achieved its annual production guidance after producing 86,078 ounces of gold in the 2026 financial year.

The full-year total represents a 15% increase in gold production compared to the previous financial year.

"Achieving FY26 production guidance is an important milestone for Kingsgate and reflects the consistent operational performance delivered by the Chatree team," said Kingsgate Managing Director & CEO Jamie Gibson.

The company also produced 766,009 ounces of silver. Following the announcement the Kingsgate share price was down at $4.34.

The business recently completed its first full financial year of steady-state mining since restarting the Chatree Gold Mine.

The company also acquired royalty and strategic water rights from Inversiones Anglo American Norte to support its operations.