Kingsgate Consolidated (ASX:KCN) has been granted the final approval to re-open Chatree Gold Mine in Thailand.

The approval process included a series of comprehensive inspections by an Inspection Committee comprising officials from the Department of Primary Industries and Mines and experts in mine engineering and environmental science.

The Inspection Committee unanimously recommended the mine to be re-opened in accordance with all applicable Thai mining laws and regulations, and the paperwork is currently at the Pichit DPIM District Office for authorisation, which is expected to be received shortly.

Shares of Kingsgate Consolidated closed up almost 9% today.