With operations reportedly going well but its share price having dropped 25% in the past couple of weeks, Thailand gold miner Kingsgate Consolidated says it is doing "all things necessary" to have its "value recognised, including the review and consideration of capital management options".No further detail was provided.Kingsgate reported October gold production was the best monthly result since operations restarted in March 2023.The actual output wasn't specified.
25, Kingsgate was capitalised at circa $320 million.The stock was at a similar level in mid-September, before rising to levels around $1.65 at the end of last month.That corresponded with a strongly gaining gold price that nearly reached US$2800/oz.Since then, the gold price has weakened to levels around $2620/oz.Regardless of the explainable short-term volatility, Kingsgate's market value does contrast negatively with peers.Ora Banda Mining arguably provides the largest disparity.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MiningOnline - 🏆 117. / 51 Read more »