Kingsgate Consolidated (KCN) Q1 2026 TU earnings summary

Executive summary

• Record production at Chatree with 23,922 oz gold and 205,841 oz silver, up 18% in gold from the previous quarter, marking the strongest output since restart.

• Gold sales reached 26,322 oz and silver sales 215,836 oz at high average prices, driving a 36% increase in total cash, bullion, and doré to A$115 million.

• Chatree was added to the S&P ASX300 Index, reflecting improved market recognition.

• Updated Group Mineral Resources: 3.6 Moz gold, 86 Moz silver; Group Ore Reserves: 1.5 Moz gold, 51 Moz silver.

Financial highlights

• Average realised gold price: US$3,461/oz (up 6% quarter-on-quarter); silver: US$39.53/oz.

• All-in Sustaining Cost (AISC): US$1,880/oz; AISC (pre-royalties): US$1,166/oz; record AISC margin of US$1,581/oz.

• Total operating costs remained steady; mining and processing costs down 8% in local currency.

• Net free cash flow from Chatree operations: A$46.3 million; available cash and bullion rose from A$69.0 million to A$97.4 million.

• Total cash, bullion, and doré at quarter-end: A$114.5 million, including A$17.1 million restricted cash.

Outlook and guidance

• FY26 production guidance reaffirmed at 93,000–103,000 oz Au Eq and AISC (pre-royalties) of US$1,550–US$1,750/oz.

• September quarter AISC (pre-royalties) below FY26 guidance, supported by higher grade zones.