Kingston Resources Reports Lower Gold Production at New South Wales Mine in June Quarter, Shares Fall 7%

MT Newswires Live

07/25

Kingston Resources (ASX:KSN) said it produced 2,830 ounces of gold from its Mineral Hill copper-gold mine open pit operations in New South Wales in the June quarter, down from the 4,029 ounces mined in the prior period, according to a Friday Australian bourse filing.

It reported 2,637 ounces of gold sold at an average price of AU$5,124 per ounce in the fourth fiscal quarter, compared with 3,960 ounces of gold sold at an average price of AU$4,591 per ounce in the third fiscal quarter.

Revenue from gold and silver sales came in at AU$14.3 million.

It is ramping up its gold production, and the daily concentrate production reached 80% to 88% of nameplate, the managing director, Andrew Corbett, said.

Gold grade is expected to increase in the second half of the fiscal year 2026 with the addition of Pearse South open pit ore in the December quarter, and payable gold output is expected to increase by 55% in fiscal 2026.

Its shares fell 7% in recent trading on Friday.

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