Challenger Gold Operations Pty Ltd
Kingsgate Consolidated Limited (Kingsgate) is a highly successful gold mining, development and exploration company, traded on the Australian Stock Exchange (KCN: ASX).
The company owns and operates the world class low cost Chatree gold mine in central Thailand, the Challenger underground gold mine in South Australia and 70% of Laguna Resources NL that is undertaking a feasibility study on the advanced Arqueros silver/gold project in the highly prospective Maricunga Gold Belt in Central Chile.
Why Invest in Kingsgate?
Kingsgate is a low cost, responsible gold producer and explorer focused on total shareholder value.
- Low cost gold producer, in lowest 20% of global gold producers (Source: GFMS), providing leverage to a rising gold price by remaining unhedged
- Near term production growth potential at Chatree mine, central Thailand, with proposed doubling of processing plant capacity
- Total shareholder value focus, paying dividends up to 50% of profit when profits exceed near term cash demands, and limited new equity issuance, with only 12% new shares issued in the last 5 years
- Track record of significant value-adding investments in other companies as part of a strategy to seek growth opportunities beyond Thailand
Kingsgate is a responsible gold producer and explorer with a commitment to achieving the highest levels of sustainability by working with and respecting our stakeholders. Kingsgate has a proven track record of genuine capacity building within the communities in which we work, backed by award-winning Corporate Social Responsibility standards.
Kingsgate is at the centre of a network of interests that include our employees, local communities, investors, suppliers, customers and regulators. Our most recent sustainability report is developed from the stakeholder point of view and reflects the importance of our networks to our long term growth and to our operating style and success.
As of 8th February 2011, when Kingsgate Consolidated assumed management control of Dominion Mining Limited, Kingsgate's Australian key asset is the 100% - owned Challenger Gold Mine in South Australia. In addition, Kingsgate now has an extensive portfolio of gold and base metal exploration projects in Western Australia and South Australia.
The Challenger Project, located 740km north-west of Adelaide, is the first-ever major gold mine development in South Australia to come on stream outside of the Olympic Dam copper-gold-uranium operation. It is also the first commercial mine development in the Gawler Craton.