Kingston Says Issue at NSW Mine Deferred Production of Gold into Fiscal H2
MT Newswires Live
Jan 22
Kingston Resources (ASX:KSN) said a geotechnical issue at its Mineral Hill mine in New South Wales required a pit redesign and additional waste movement, and deferred about 1,000 ounces to 1,200 ounces of gold production into the fiscal second half, according to a Thursday filing with the Australian bourse.
Shares of the company fell 19% at market close.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.