Kingsgate Consolidated (ASX:KCN) has signalled a robust start to the year, reporting a record cash balance and steady production for the March quarter.
The gold miner produced 21,036 ounces of gold and 182,549 ounces of silver during the period, marking its fifth consecutive quarter exceeding the 20,000-ounce gold threshold.
The performance brings the company's financial year-to-date totals to nearly 66,000 ounces of gold and over 545,000 ounces of silver.
The production success has bolstered the company's balance sheet, with total cash, bullion, and doré climbing to $213 million—a 19% increase from the previous quarter.
Managing Director Jamie Gibson attributed the operational gains to a new 6030 excavator at the Chatree mine, which helped drive a monthly record for material movement.
Despite recently paying out an $26 million interim dividend on April 10, Kingsgate remains confident in its trajectory, reaffirming its full-year guidance as it enters the final quarter of FY26.
At the time of reporting, Kingsgate Consolidated’s share price was $5.16.