Kingsgate Consolidated Reports 31% Rise in Silver Ore Reserves at Chile Project
MT Newswires Live
7 hours ago
Kingsgate Consolidated (ASX:KCN) said ore reserves at its Nueva Esperanza project in Chile have increased 31% to 51.9 million ounces of silver and 37% to 260,000 ounces of gold, according to a Thursday Australian bourse filing.
The ore reserve statement is at assumed prices of $35 per ounce silver and $2,500 per ounce gold, extending the reserve life to over 12 years, per the filing.
Mineral resources increased 3% to 62.4 million ounces of silver and 1% to 360,000 ounces of gold at assumed prices of $38.50 per ounce silver and $3,000 per ounce gold, the filing added.
The company's shares rose 1% in recent Thursday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.