Thursday, March 23, 2023

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Kingsgate Consolidated: Shares rise on DPIM Chatree re-open recommendation

Kingsgate Consolidated Shares rise on DPIM Chatree re-open recommendation

  • An inspection committee led by the Thailand Department of Primary Industries and Mines recommends Kingsgate Consolidated’s (KCN) Chatree gold mine reopens
  • The committee, made up of DPIM officials, completed final re-opening inspections of the Thai mine under the Mineral Act 2017
  • The unanimous recommendation is for the mine to re-open and operate in accordance with all applicable Thai mining laws and regulations
  • The region responsible for Chatree also endorsed the reopening, and authorisation of this is expected shortly, marking the final step in the approvals process
  • KCN shares are up 10.3 per cent and trading at $1.61 at 2:58 pm AEDT

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