Kingsgate Consolidated Ltd

Published : May 26th, 2016

KCN Request for Continuation of Voluntary Suspension of Trading

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Gold Mine | Thailand |

KCN Request for Continuation of Voluntary Suspension of Trading

Draft ASX Announcement - 25.5.16 (5330755).DOCX

ABN 42 000 837 472

26 May 2016

Mr Jeremy Newman

Senior Adviser, Listings Compliance (Perth) ASX Compliance Pty Ltd

Level 40, Central Park, 152-158 St Georges Terrace Perth WA 6000

Kingsgate Consolidated Request for Continuation of Voluntary Suspension of Trading

Kingsgate Consolidated Limited (Kingsgate) requests a continuation of the voluntary suspension of trading in the securities of Kingsgate (ASX Code: KCN) from the commencement of trading tomorrow, 27 May 2016.

For the purposes of Listing Rule 17.2, Kingsgate provides the following information:

  1. The voluntary suspension is necessary as uncertainty still remains following a public announcement on 10 May 2016, from the Thai Minister of Industry concerning the tenure of the renewal of the licence for metallurgical operations at the Chatree Gold Mine in Thailand;

  2. Kingsgate can advise that it has received the renewal of the metallurgical licence for the Chatree Gold Mine in Thailand for the period ending 31 December 2016, and not the anticipated 5 years from the renewal date (13 May 2016) as has been the practice in the past. In addition, the Company understands that the metallurgical licence renewal will be subject to certain conditions which have not yet been provided to the Company;

  3. Kingsgate further advises that this decision was made by the Thai Prime Minister and Cabinet and a subsequent attempt by the Company to seek a copy of the order for the purposes of clarity has resulted in the Company being informed that the order has been classified and as such cannot be publicly disclosed. In addition, the Thai Minister of Industry has not met with the Company and has not provided any clarity as to the Company's position;

  4. Kingsgate has in light of these developments, completed a revised mine plan for the period ending 31 December 2016, with a view to providing the optimum outcome for all stakeholders. However, this remains subject to uncertainty pending clarification of the basis on which the mine can continue to operate through to 31 December 2016;

  5. Accordingly, Kingsgate requests that the suspension remain in place until it is in a position to make an announcement to the market. It is anticipated that an announcement will be made prior to the commencement of normal trading on Friday 17 June 2016, and that the voluntary suspension will cease at that time; and

  6. Kingsgate is not aware of any reason why the voluntary suspension should not be granted.

Yours sincerely,

Greg Foulis

Chief Executive Officer Kingsgate Consolidated Limited

Read the rest of the article at
Data and Statistics for these countries : Thailand | All
Gold and Silver Prices for these countries : Thailand | All

Kingsgate Consolidated Ltd

ISIN : AU000000KCN1
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Kingsgate is a zinc and lead producing company based in Australia.

Kingsgate produces zinc, lead, gold and silver in Thailand, develops lead, silver and zinc in Australia, and holds various exploration projects in Australia.

Its main asset in production is CHATREE in Thailand and its main asset in development is BOWDENS in Australia.

Kingsgate is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 251.5 millions as of today (US$ 181.5 millions, € 159.0 millions).

Its stock quote reached its highest recent level on January 07, 2011 at AU$ 9.90, and its lowest recent point on October 21, 2016 at AU$ 0.13.

Kingsgate has 223 580 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
In the News and Medias of Kingsgate Consolidated Ltd
3/29/2006Corporate profile
Financials of Kingsgate Consolidated Ltd
8/22/2008Full Year Financial Results - Boardroom Radio Interview
8/21/2008Full Year Financial Results web cast
Corporate news of Kingsgate Consolidated Ltd
6/16/2016Kingsgate Consolidated Request for Continuation of Voluntary...
5/26/2016KCN Request for Continuation of Voluntary Suspension of Trad...
5/24/2016Request for Voluntary Suspension
5/24/2016Request for Trading Halt
4/28/2016March 2016 Quarterly Report
4/21/2016KCN Corporate Presentation April-May 2016
4/14/2016Nueva Esperanza Pre-feasibility study confirms Kingsgate Gro...
4/14/2016Nueva Esperanza Mineral Resource Update
3/31/2016Successful Completion of Due Diligence Period for Bowdens Si...
3/31/2016Chatree Gold Mine – Revised Mine Plan
3/22/2016KCN Corporate Presentation
1/21/2016December 2015 Quarterly Report
12/15/2015New Gold discovery at Nueva Esperanza Project, Chile
11/4/2015Response to Open Offer for Challenger Gold Mine
11/1/2015Proposed Divestment of Challenger Gold Mine
10/26/20152015 Mineral Resources and Ore Reserves
10/3/2015Kingsgate Statement on Thai Media Reports
9/17/2015Full Year Statutory Accounts – 2015
7/15/2015Chimberos Gold Discovery Adds Significantly to Mineral Resou...
3/1/2015Chatree Mine Recommences Gold Production
1/29/2015Further Strong Gold and Silver Assay Results at Chimberos We...
12/17/2014Appointment of Non-Executive Director
11/27/2014Strong Gold and Silver Assay Results Continue at Nueva Esper...
11/21/2014Challenger Gold Mine Celebrates Its One Millionth Ounce
11/13/2014Appointment of CFO and Company Secretary
3/28/2014Placement Cleansing Statement
3/28/2014Appendix 3B
3/18/2014Ceasing to be a substantial holder
3/18/2014Becoming a substantial holder
3/18/2014Becoming a substantial holder
3/18/2014Ceasing to be a substantial holder
7/30/2013June 2013 Quarterly Report
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
AU$ 1.13
10/04 16:49 -0.010
Prev close Open
1.14 1.12
Low High
1.10 1.13
Year l/h YTD var.
1.13 -  2.01 -35.24%
52 week l/h 52 week var.
1.13 -  2.01 -31.10%
Volume 1 month var.
243,797 -15.99%
24hGold TrendPower© : -25
Produces Gold - Silver
Explores for
Interactive chart Add to compare
Print Compare Export
Last updated on : 9/25/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.46-0.93%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 6.23+1.14%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.66+4.62%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05-23.08%Trend Power :
Closes Bridge Loan Financing
CA$ 2.20+7.32%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.95-2.82%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.22-2.22%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.24-2.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.50-1.32%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 43.17-5.64%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.02+0.00%Trend Power :