BUZZ-Australia's Kingston Resources slides as gold production falls

Reuters

01/22

** Shares of Australia's Kingston Resources KSN.AX fall as much as 14.8% to A$0.115, their biggest intraday drop since Oct 30

** Gold-copper explorer posts Q2 gold production of 2,481oz vs 3,368oz produced in the previous quarter

** Posts Q2 gold sales of 2,564oz vs 2,771oz in the previous quarter; Q2 silver sales of 27,974oz vs 25,039oz in the prior quarter

** A geotechnical hazard during the quarter in Pearse South in New South Wales resulting in less ore mined and thus processing of low grade stockpiles and deferring about 1,000–1,200oz of gold production into H2 - KSN

** Around 10.4 mln shares change hands, nearly 4.6x 30-day average

** KSN down 6% YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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