Kingsgate Consolidated (KCN) H2 2026 earnings summary

Executive summary

• Achieved record net profit of $278 million, up 843% year-over-year, driven by strong operational performance at Chatree Gold Mine and higher precious metal prices.

• Annual revenue rose 77% to $596 million, with EBITDA up 264% to $344 million.

• Declared and paid interim and final unfranked dividends of 10 cents per share each.

Financial highlights

• Gold production: 86,078 ounces; silver production: 766,009 ounces.

• All-in sustaining cost: US$2,123/oz.

• Average gold price received: US$4,176/oz; average silver price: US$61.28/oz.

• Cash and bullion at year-end: $179.2 million.

• Net tangible asset backing per share: $2.10 (up from $1.20 prior year).

Outlook and guidance

• Expecting increased material movement at Chatree as A East cutback continues and Q Pit pre-stripping begins.

• Commencement of mining at Q Pit to provide higher grade ore.

• Advancing Nueva Esperanza Project in Chile, with technical work and drilling underway.

• Strategic review of value realisation options for Nueva Esperanza, including potential ASX listing.