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Chatree Gold Mine Produces Over 13,000 Ounces of Gold and 155,000 Ounces of Silver — ASX:KCN| ASX Mining News & Discussion
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Lykeshares
2y
Official
$KCN
Chatree Gold Mine Produces Over 13,000 Ounces of Gold and 155,000 Ounces of Silver
Kingsgate Consolidated Limited (ASX: KCN) recently announced that as of March 2023, approximately 13,135 ounces of gold and 155,712 ounces of silver have been produced from the Chatree Gold Mine since Plant #2 was commissioned. With gold recoveries averaging at 84.5% and silver recoveries at 58%, the production from Plant #2 continues to exceed nameplate capacity at an average throughput of 332 dry tonnes per hour.
Progress on Plant #1 Overhaul Project
The Plant #1 Overhaul Project is progressing well, with key long lead time items ordered and expected to be received ahead of schedule. Additionally, refurbishment works are being conducted concurrently using allocated work packs for Plant #1 Overhaul Project components.
Comment from Kingsgate's Executive Chairman
Executive Chairman Mr. Ross Smyth-Kirk expressed his satisfaction with the recent production results and stated, "We are delighted with Plant #2’s production performance as it continues to exceed expectations, and our focus now remains on getting Plant
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#1 up and running as quickly as possible.”
These production results demonstrate the effectiveness of Kingsgate's operations team. As a result, the market expects this to positively impact the company's stock value.
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L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
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Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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