Kingsgate Consolidated shares plunge despite FY26 production increase

The news: Kingsgate Consolidated was among the worst performing on the ASX 200 in afternoon trade despite the precious metals miner recording a 15% jump in full-year FY26 production year on year.

Shares plummeted 14.2% to $4.28 at 12:05pm AEST.

The context: The jump in output was driven by the Chatree Gold Mine, which produced 20,163 ounces of gold during the June quarter, bringing the company’s full-year production to 86,078 ounces.

The miner also recorded silver production of 220,078 ounces in the June quarter, lifting its full-year silver output to 76,009 ounces, representing a 22% year-on-year increase.

As at June, Kingsgate held $179 million in cash, bullion and doré.