Kingston Resources Produces First Gold from New Pit and Refurbished Plant
Kingston Resources has successfully ramped up operations at its Mineral Hill processing plant, marking a key milestone with the first production of gold from a newly developed pit. The company has recommissioned the crushing, grinding, and carbon-in-leach (CIL) circuits, leading to the resumption of gold and silver sales.
The processing plant has processed approximately 7,000 tonnes of ore to date as part of the ongoing ramp-up. In addition, over 30,000 tonnes of oxide ore are currently stockpiled on the ROM pad, ready for further processing.
Unhedged gold and silver dore sales have commenced, with recent gold sales achieving over A$3,700 per ounce, the highest in the company's history. This unhedged approach allows Kingston to fully benefit from the rising Australian dollar gold price.