Kingsgate Consolidated (KCN) investor relations material

Strategic transformation and financial performance

• Underwent significant transformation, achieving a 260% share price increase year-to-date and nearly 350% for the year, becoming the best performing mining stock on the S&P All Ordinaries to December 2025.

• Strong cash position with $150 million in cash, bullion, and doré, and a modest revolving credit facility of $10.6 million after reducing debt by 70% in January.

• Initiated a share buyback program and distributed a AUD 0.10 dividend, returning approximately $90 million to shareholders.

• Institutional support has grown, especially from Switzerland and Germany, alongside a historically large retail base.

Operational highlights and asset performance

• Chatree Gold Mine in Thailand is the flagship asset, with 1.2 million ounces in reserve and a nine-year mine life at a 100,000 ounce/year run rate.

• Production ramping up post-license restoration, with FY 2026 guidance of 85,000–95,000 ounces of gold at an all-in sustaining cost of $1,550–$1,750/oz, and recent quarters exceeding 20,000 ounces.

• Achieved record margins, with average all-in sustaining cost pre-royalties at $1,234/oz and strong silver by-product credits, making it the fourth largest silver producer on the ASX.

• Ongoing organic growth through the South-East Complex, with a posted resource of 550,000 ounces and potential to exceed 1–1.5 million ounces.

Growth strategy and exploration

• Holds over 1,200 sq km of the Loei Fold Belt, providing first-mover advantage in a highly prospective region for gold and copper.

• Active exploration and resource expansion, with a 40-strong geological team and plans for further updates later in the year.

• Focused on securing mining leases to accelerate integration of new resources into production.