0103 GMT - Kingsgate's 3Q gold output appears to be a slight miss, says MA Financial analyst Paul Hissey. Yet a fifth consecutive quarter above 20,000 oz "speaks to the consistency of the Chatree operation," he says. Kingsgate produced 21,036 oz in 3Q. MA expected about 23,200 oz. Hissey says it's hard to comment on why output appears weaker than anticipated given the limited detail in Kinsgate's update. "However we assume lower cash and bullion balance is likely due to softer production," he says. Reaffirmed guidance "suggests confidence that the asset is well placed to close out the FY," Hissey adds. He notes that only about 19,000 oz is needed to meet the bottom end of FY guidance. MA has a buy rating and A$6.95 target. Shares are down 2.3% at A$5.10. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

April 12, 2026 21:03 ET (01:03 GMT)

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