Australia's Kingsgate Consolidated (ASX:KCN) has announced its third doré bar shipment from the Chatree Gold Mine has been processed and traded, yielding 1,074 oz of gold and 9,067 oz of silver to a value of $4M.

The company said Plant#2 continues to perform above expectations and is continuing to run above nameplate capacity at an average of 370 dry tonnes throughput per hour, with an average head grade of 0.52g/t Au, and recoveries remain above 85%. 

Shares of Kingsgate Consolidated up 4% at 10:47am AEST.