Kingsgate Consolidated (KCN) Q3 2026 TU earnings summary

Executive summary

• Achieved fifth consecutive quarter of over 20,000 oz gold production, with 21,036 oz gold and 182,549 oz silver produced at Chatree.

• Record AISC margin of US$2,613/oz and significant cash build, with total cash, bullion, and doré up 19% to A$213.4 million.

• Interim dividend of 10 cents paid in April 2026, following a record net profit of $88.1 million for the half-year ended December 2025.

• Borrowings reduced from A$45 million to A$15 million, reflecting strong deleveraging.

Financial highlights

• Gold sales of 21,954 oz and silver sales of 174,768 oz at average prices of US$4,814/oz (gold) and US$82.67/oz (silver).

• Available cash and bullion increased to A$190.3 million; total cash and bullion (including restricted) at A$213.4 million.

• Net deleveraging of A$31.2 million and liquidity increase of A$31.7 million during the quarter.

• Chatree's gold production was unhedged, benefiting from a 16% QoQ increase in gold price and 44% QoQ increase in silver price.

Outlook and guidance

• FY26 guidance maintained: 93,000–103,000 gold equivalent ounces and AISC (pre-royalties) of US$1,550–US$1,750/oz.

• Year-to-date production: 65,915 oz gold and 545,932 oz silver, with weighted average AISC (pre-royalties) of US$1,191/oz.