Kingsgate Consolidated Limited Reports Production Results for the Second Quarter and Six Months Ended December 2012; Reports Sales Results for the Second Quarter Ended December 2012; Provides Production Guidance for the Financial Year 2013
For six months, the company reported gold production of 90,413 ounces.
Gold sales in the quarter were 43,670 ounces at an average gold price received of $1,723/ounce.
The company provided production guidance for the financial year 2013. Total gold production guidance for the financial year 2013 is maintained at between 200,000 and 220,000 ounces. Chatree production is expected to be between 120,000 to 130,000 ounces and Challenger between 80,000 and 90,000 ounces. The company expects that gold production from both mines will be higher in the second half of the financial year.