Kingsgate Consolidated (KCN) H2 2025 earnings summary

Executive summary

• Achieved transition from exploration to mining producing entity, with both Chatree plants exceeding nameplate capacity in FY2025.

• Gold production reached 74,661 oz and silver 625,698 oz, a significant increase year-over-year.

• No dividends declared for FY2025.

• Nueva Esperanza project in Chile advanced with updated resource estimates due in October 2025.

Financial highlights

• Sales revenue rose to $336.7M from $133.1M in FY2024.

• EBITDA was $94.5M, net profit after tax $29.5M, up $109.4M and $58.4M respectively (excluding FY2024's $228M impairment reversal).

• All-in sustaining cost (AISC) for gold was US$2,024/oz.

• Cash and bullion at year-end totaled $84.0M; net debt position of $93.1M.

• Basic EPS was 11.4 cents, diluted EPS 11.0 cents.

Outlook and guidance

• FY2026 guidance: Chatree gold production 85–95koz at AISC US$1,550–1,750/oz (pre-royalties); gold equivalent production 93–103koz.

• Focus on increasing strip ratio to 3.5x to improve long-term ore access.

• Nueva Esperanza options include sale, JV, or separate listing.