Kingsgate narrows FY loss

By Mitchell Neems

The result was weighed by a non-cash impairment charge of $84. 6m against the carrying value of the Bowdens Silver Project. Revenue fell 0. 3 per cent to $328. 33m. A lift of 0. 7 per cent in gold revenue to $305. 2m, was tempered by an 11. 9 per cent fall in silver revenue to $23. 2m.

Kingsgate Consolidated has set itself cautious gold production guidance for the year ahead after narrowing its full-year loss despite a significant writedown on its silver operations.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

The gold miner also said it had lodged a draft prospectus with Thai authorities for the listing of its Thai operating subsidiary — Akara Resources — through an IPO on the stock exchange of Thailand.

Read more here: Business Spectator


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