1. **Operational Recovery**: Kingsgate Consolidated has successfully resumed operations in Thailand after winning an international arbitration case against the government. They previously operated the Marquis and Mine Chatterie for 15 years until a 2016 closure.
2. **Production Capacity**: The mine has a nameplate capacity of 5 million ounces and is currently exceeding this capacity. Significant production increases are expected in the coming quarters.
3. **Recent Performance**: In the latest quarter, production was reported at 15,800 ounces, with expectations for further increases as operations stabilize and improve.
4. **Government Relations**: The current democratically elected Thai government is more favorable for business compared to the previous military government, facilitating smoother operations.
5. **Future Outlook**: Kingsgate is focused on optimizing mine shape and transitioning from low-grade stock to higher-grade ore, aiming for production targets of 90,000 to 120,000 ounces per year in the near future.
KCN Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
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