Kingsgate Consolidated Ltd (ASX: KCN) has confirmed it reached its production targets for the 2026 financial year at the Chatree mine in Thailand. The operation produced 20,163 ounces of gold during the June quarter, bringing the annual total to 86,078 ounces. This figure successfully aligns with the company’s previously issued guidance for the period.

The production results demonstrate a full year of steady-state mining and processing activities since the site's restart. In addition to the gold output, the operation yielded 220,078 ounces of silver during the final quarter, culminating in a total annual silver production of 766,009 ounces.

Reflecting on the operational milestone, management highlighted the internal consistency of the site's performance and the resulting impact on the company's financial standing. As of 30 June 2026, the company reported a total of A$179 million held in cash, bullion, and doré. This balance includes A$26 million in restricted cash.

"Achieving FY26 production guidance is an important milestone for Kingsgate and reflects the consistent operational performance delivered by the Chatree team. We finished the year with A$179 million in cash, bullion and doré while returning capital to shareholders through our interim dividend and investing in the acquisition of the royalty and strategic water rights from Inversiones Anglo American Norte SpA. Our strong financial position provides the flexibility to continue investing in the business while pursuing disciplined growth opportunities." — Jamie Gibson, Managing Director & CEO

The company plans to provide a more comprehensive breakdown of the quarterly activities in its upcoming June 2026 Quarterly Report. This detailed document is currently scheduled for release later in July 2026, providing further insight into the operational metrics and developments from the final quarter of the financial year. The current update confirms the primary production targets were met across the portfolio's core precious metal assets as the company prepares to transition into the new financial cycle. Investors will look to the forthcoming report for granular details regarding the specific operational inputs and cost-related disclosures for the period.

Read the full announcement: FY26 Guidance Achieved and June Quarterly Production