Kingsgate Consolidated (KCN) H2 2026 earnings summary

Executive summary

• FY2026 marked the first full year of production from mining at Chatree since its 2023 restart; output reached 86,078 oz gold and 766,009 oz silver, with record NPAT of A$277.9m.

• Six consecutive quarters exceeded 20,000 oz of gold production; an interim dividend resumed and the TAFTA arbitration ended by mutual agreement.

Financial highlights

• Sales revenue rose 77% YoY to A$596.4m; NPAT was A$277.9m versus A$29.5m, and reported EBITDA was A$343.5m versus A$94.5m.

• Reported EBITDA included a A$68.6m Nueva Esperanza impairment reversal; EBITDA before the reversal was A$274.9m.

• Operating cash inflow increased 158% to A$225.7m; total assets rose 43% to A$772.4m and total liabilities declined to A$213.4m.

• Sales comprised 86,125 oz gold at US$4,176/oz and 739,238 oz silver at US$61.28/oz.

Outlook and guidance

• FY2027 plans include higher material movement as the A East cutback continues and Q Pit pre-stripping begins; Q Pit is expected to add higher-grade ore to plant feed.

• The Mine Plan is in development for submission later in 2026; strategic land acquisitions secure areas for future mining and mine-life flexibility.

• Nueva Esperanza metallurgical drilling began in July 2026 to support comminution and heap-leach studies; a feasibility study pathway is under evaluation.

• Gold and silver production met FY2026 guidance; AISC before royalties was US$1,178/oz, US$372/oz below the lower end of guidance.