KSN 5.41% 7.8¢ kingston resources limited

As I understand it, FY24 Q4 gold production ceased end-May with...

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    As I understand it, FY24 Q4 gold production ceased end-May with the end of mining tailings. Mining of ore at the Pearse North open pit begins in June but processing that ore into silver and gold dore only starts sometime in July (ie FY25). The flotation plant is operational starting August, which enables production of base metals, except that the ore mined from the open pit contains only a tiny amount of base metals. Only when moving to the underground pit sometime in FY26 will production of copper, lead and zinc become material. In other words, gold production should be <3k ozs in the June quarter, ramping up relatively slowly in the September quarter, but then attaining up to around 10k ozs per quarter in the rest of the FY.
 
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