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2026-11-06
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Kingsgate Consolidated Limited

Producer · Gold · Silver · TH · CL Rating locked: sign in to view v8.1 · kcn-20261031t210323-full
Last 2026-11-06
A$4.22
1D
—
1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$1.1B
EV
A$1B
Cash
A$108.9M
Debt
A$24.2M

Funding, performance and ownership

Financials & Capital

As of 2026-09-30
Cash A$108.9M2025-06-30: 69,000,000 A$2025-09-30: 97,400,000 A$2025-12-31: 158,600,000 A$2026-03-31: 190,300,000 A$2026-06-30: 153,100,000 A$2026-09-30: 141,400,000 A$ Self Funding
Debt A$24.2M2025-06-30: 63,700,000 A$2026-06-30: 25,700,000 A$2026-09-30: 24,188,000 A$ Net cash A$84.7M
Basic shares 266.4MFY25A: 256,562,000FY26A: 266,048,000 2026-09-08
Runway Self Funding Chatree generated A$26.8m net mine cash flow in the weakest quarter of FY27 and A$225.7m operating cash flow in FY2026; no funding need.

Liquidity

Financial position

Unrestricted cash A$108.9m plus A$32.5m bullion at 30 September 2026 against Nebari debt A$12.6m (amortising 3% a month, matures January 2028) and A$11.6m Thai preference shares puttable from July 2026; a A$26.6m dividend is payable on 11 November 2026 and A$12.8m is provided for the political-risk insurer dispute. US$15m Nebari Tranche 2 remains undrawn. Net cash about A$115m after the A$1.9m insurance premium funding and before leases (A$40.1m).

Inventory composition2

Inventories A$109.5m at 30 June 2026 (current A$70.7m, non-current A$38.7m); bullion A$32.5m at 30 September 2026 is treated as cash-like in the equity bridge; stockpiles are part of the reserve and valued in the DCF.

Gold and silver bullion (in safe and receivable at refiner)
— carrying · 2,728 oz Au in safe
ROM ore stockpiles (4.3 Mt at 0.42 g/t Au in reserve)
— carrying · 4,300,000 t

Capital structure

Ownership and dilution

Ordinary shares
266.4M
Fully diluted
269M

256,561,572 shares at 30 June 2025 + 6,986,589 from exercise of Nebari term-facility warrants (A$14.4m, December 2025 quarter) + 2,500,000 from exercise of Taurus options (A$5.0m, March 2026 quarter) = 266,048,161 at 30 June 2026; + 360,843 shares on vesting of performance rights (8 September 2026) = 266,409,004. No buy-back since FY2025 (1,190,120 shares cancelled in FY2025). Proposed FY27 performance-rights grants were withdrawn on 23 October 2026.

Security classes3
ClassTypeQuantityStrikeExpiry
Ordinary fully paid sharesOrdinary Share266.4M——
Unlisted warrants issued to Nebari with the standby facilityOption1.9MA$6.742028-01-04
FY2025 and FY2026 performance rights (nil exercise price)Performance Right748.1KA$02028-08-30

Actuals and forecasts

Financial statements

Reported years only; our forecasts are available to subscribers
AUDUnitTrendFY25AAFY26AA
Operations
Ore processedMtFY25A: 5.42 MtFY26A: 5.47 Mt5.425.47
Head grade (gold)g/tFY25A: 0.53 g/tFY26A: 0.60 g/t0.530.60
Gold producedozFY25A: 74,661 ozFY26A: 86,078 oz74,66186,078
Silver producedozFY25A: 625,698 ozFY26A: 766,009 oz625,698766,009
Unit costs
AISC incl. royaltiesUSD/ozFY25A: 2,024 USD/ozFY26A: 2,123 USD/oz2,0242,123
Profit and loss
Gold revenueAUDmFY25A: 307,895,000 AUDFY26A: 529,709,000 AUD307.9529.7
Silver revenueAUDmFY25A: 28,851,000 AUDFY26A: 66,737,000 AUD28.966.7
RevenueAUDmFY25A: 336,746,000 AUDFY26A: 596,446,000 AUD336.7596.4
RoyaltiesAUDmFY25A: 60,739,000 AUDFY26A: 119,364,000 AUD60.7119.4
EBITDA (FY26 incl. A$68.6m impairment reversal)AUDmFY25A: 94,458,000 AUDFY26A: 343,541,000 AUD94.5343.5
Depreciation and amortisationAUDmFY25A: 46,982,000 AUDFY26A: 56,972,000 AUD47.057.0
EBITAUDmFY25A: 47,476,000 AUDFY26A: 286,569,000 AUD47.5286.6
Net finance costsAUDmFY25A: 17,777,000 AUDFY26A: 14,730,000 AUD17.814.7
Income tax (and Thai WHT)AUDmFY25A: 242,000 AUDFY26A: -6,073,000 AUD0.2(6.1)
NPATAUDmFY25A: 29,457,000 AUDFY26A: 277,912,000 AUD29.5277.9
Cash flow
Operating cash flowAUDmFY25A: 87,298,000 AUDFY26A: 225,653,000 AUD87.3225.7
Total capexAUDmFY25A: 39,520,000 AUDFY26A: 75,416,000 AUD39.575.4
Free cash flowAUDmFY25A: 47,778,000 AUDFY26A: 150,237,000 AUD47.8150.2
Dividends paidAUDmFY25A: 0.00 AUDFY26A: 26,605,000 AUD0.026.6
Net change in cashAUDmFY25A: 19,383,000 AUDFY26A: 63,156,000 AUD19.463.2
Balance sheet
Cash (unrestricted, ex bullion)AUDmFY25A: 23,782,000 AUDFY26A: 85,631,000 AUD23.885.6
BorrowingsAUDmFY25A: 63,727,000 AUDFY26A: 25,656,000 AUD63.725.7
Net debt (negative = net cash)AUDmFY25A: 39,945,000 AUDFY26A: -59,975,000 AUD39.9(60.0)
Per share
Shares on issuem sharesFY25A: 256,562,000 sharesFY26A: 266,048,000 shares256.6266.0
EPSAUD/shareFY25A: 0.11 AUD/shareFY26A: 1.04 AUD/share0.111.04
DPSAUD/shareFY25A: 0.00 AUD/shareFY26A: 0.10 AUD/share0.000.10
Multiples and ratios
EV / EBITDA (x, current EV)xFY25A: 10.06 xFY26A: 2.77 x10.12.8
P / E (x, current market cap)xFY25A: 34.82 xFY26A: 3.69 x34.83.7
FCF yield (current market cap)%FY25A: 0.05 fractionFY26A: 0.15 fraction4.7%14.6%
EBITDA margin%FY25A: 0.28 fractionFY26A: 0.58 fraction28.1%57.6%
Net debt / EBITDA (x)xFY25A: 0.42 xFY26A: -0.17 x0.4(0.2)

KPI history

Operating metrics · Chatree Gold Mine

Gold produced shown
06,69813,39620,09426,793Dec 2024 qtr: 17,936 ozDec 2024 qtrMar 2025 qtr: 20,628 ozMar 2025 qtrJun 2025 qtr: 20,278 ozJun 2025 qtrSep 2025 qtr: 23,922 ozSep 2025 qtrDec 2025 qtr: 20,957 ozDec 2025 qtrMar 2026 qtr: 21,036 ozMar 2026 qtrJun 2026 qtr: 20,163 ozJun 2026 qtrSep 2026 qtr: 14,802 ozSep 2026 qtr
MetricUnitTrendDec 2024 qtrMar 2025 qtrJun 2025 qtrSep 2025 qtrDec 2025 qtrMar 2026 qtrJun 2026 qtrSep 2026 qtr
Gold producedozDec 2024 qtr: 17,936 ozMar 2025 qtr: 20,628 ozJun 2025 qtr: 20,278 ozSep 2025 qtr: 23,922 ozDec 2025 qtr: 20,957 ozMar 2026 qtr: 21,036 ozJun 2026 qtr: 20,163 ozSep 2026 qtr: 14,802 oz17,93620,62820,27823,92220,95721,03620,16314,802
Silver producedoz AgDec 2024 qtr: 128,037 oz AgMar 2025 qtr: 161,523 oz AgJun 2025 qtr: 166,807 oz AgSep 2025 qtr: 205,841 oz AgDec 2025 qtr: 157,542 oz AgMar 2026 qtr: 182,549 oz AgJun 2026 qtr: 220,078 oz AgSep 2026 qtr: 187,925 oz Ag128,037161,523166,807205,841157,542182,549220,078187,925
Ore processedktDec 2024 qtr: 1,297 ktMar 2025 qtr: 1,380 ktJun 2025 qtr: 1,437 ktSep 2025 qtr: 1,454 ktDec 2025 qtr: 1,390 ktMar 2026 qtr: 1,359 ktJun 2026 qtr: 1,269 ktSep 2026 qtr: 1,179 kt1,2971,3801,4371,4541,3901,3591,2691,179
Head grade (gold)g/t AuDec 2024 qtr: 0.51 g/t AuMar 2025 qtr: 0.55 g/t AuJun 2025 qtr: 0.57 g/t AuSep 2025 qtr: 0.62 g/t AuDec 2025 qtr: 0.57 g/t AuMar 2026 qtr: 0.60 g/t AuJun 2026 qtr: 0.60 g/t AuSep 2026 qtr: 0.47 g/t Au0.510.550.570.620.570.600.600.47
AISC including Thai royalties (US$/oz sold)USD/ozDec 2024 qtr: 2,125 USD/ozMar 2025 qtr: 1,839 USD/ozJun 2025 qtr: 2,040 USD/ozSep 2025 qtr: 1,880 USD/ozDec 2025 qtr: 2,296 USD/ozMar 2026 qtr: 2,201 USD/ozJun 2026 qtr: 2,197 USD/ozSep 2026 qtr: 2,514 USD/oz2,1251,8392,0401,8802,2962,2012,1972,514
AISC before royalties (US$/oz sold)USD/ozDec 2024 qtr: 1,614 USD/ozMar 2025 qtr: 1,281 USD/ozJun 2025 qtr: 1,367 USD/ozSep 2025 qtr: 1,166 USD/ozDec 2025 qtr: 1,328 USD/ozMar 2026 qtr: 1,103 USD/ozJun 2026 qtr: 1,134 USD/ozSep 2026 qtr: 1,547 USD/oz1,6141,2811,3671,1661,3281,1031,1341,547
Average realised gold priceUSD/ozDec 2024 qtr: 2,664 USD/ozMar 2025 qtr: 2,875 USD/ozJun 2025 qtr: 3,280 USD/ozSep 2025 qtr: 3,461 USD/ozDec 2025 qtr: 4,167 USD/ozMar 2026 qtr: 4,814 USD/ozJun 2026 qtr: 4,432 USD/ozSep 2026 qtr: 4,236 USD/oz2,6642,8753,2803,4614,1674,8144,4324,236
Gold soldozDec 2024 qtr: 17,314 ozMar 2025 qtr: 20,000 ozJun 2025 qtr: 18,649 ozSep 2025 qtr: 26,322 ozDec 2025 qtr: 18,559 ozMar 2026 qtr: 21,954 ozJun 2026 qtr: 19,290 ozSep 2026 qtr: 17,339 oz17,31420,00018,64926,32218,55921,95419,29017,339
Operating metric source table88
MetricProjectPeriodPeriod typeValueStatus
Gold producedChatreeDec 2024 qtrQuarter17,936 ozReported
Silver producedChatreeDec 2024 qtrQuarter128,037 oz AgReported
Ore processedChatreeDec 2024 qtrQuarter1,297 ktReported
Head grade (gold)ChatreeDec 2024 qtrQuarter0.51 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeDec 2024 qtrQuarter2,125 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeDec 2024 qtrQuarter1,614 USD/ozReported
Average realised gold priceChatreeDec 2024 qtrQuarter2,664 USD/ozReported
Gold soldChatreeDec 2024 qtrQuarter17,314 ozReported
Gold producedChatreeMar 2025 qtrQuarter20,628 ozReported
Silver producedChatreeMar 2025 qtrQuarter161,523 oz AgReported
Ore processedChatreeMar 2025 qtrQuarter1,380 ktReported
Head grade (gold)ChatreeMar 2025 qtrQuarter0.55 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeMar 2025 qtrQuarter1,839 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeMar 2025 qtrQuarter1,281 USD/ozReported
Average realised gold priceChatreeMar 2025 qtrQuarter2,875 USD/ozReported
Gold soldChatreeMar 2025 qtrQuarter20,000 ozReported
Gold producedChatreeJun 2025 qtrQuarter20,278 ozReported
Silver producedChatreeJun 2025 qtrQuarter166,807 oz AgReported
Ore processedChatreeJun 2025 qtrQuarter1,437 ktReported
Head grade (gold)ChatreeJun 2025 qtrQuarter0.57 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeJun 2025 qtrQuarter2,040 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeJun 2025 qtrQuarter1,367 USD/ozReported
Average realised gold priceChatreeJun 2025 qtrQuarter3,280 USD/ozReported
Gold soldChatreeJun 2025 qtrQuarter18,649 ozReported
Gold producedChatreeSep 2025 qtrQuarter23,922 ozReported
Silver producedChatreeSep 2025 qtrQuarter205,841 oz AgReported
Ore processedChatreeSep 2025 qtrQuarter1,454 ktReported
Head grade (gold)ChatreeSep 2025 qtrQuarter0.62 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeSep 2025 qtrQuarter1,880 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeSep 2025 qtrQuarter1,166 USD/ozReported
Average realised gold priceChatreeSep 2025 qtrQuarter3,461 USD/ozReported
Gold soldChatreeSep 2025 qtrQuarter26,322 ozReported
Gold producedChatreeDec 2025 qtrQuarter20,957 ozReported
Silver producedChatreeDec 2025 qtrQuarter157,542 oz AgReported
Ore processedChatreeDec 2025 qtrQuarter1,390 ktReported
Head grade (gold)ChatreeDec 2025 qtrQuarter0.57 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeDec 2025 qtrQuarter2,296 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeDec 2025 qtrQuarter1,328 USD/ozReported
Average realised gold priceChatreeDec 2025 qtrQuarter4,167 USD/ozReported
Gold soldChatreeDec 2025 qtrQuarter18,559 ozReported
Gold producedChatreeMar 2026 qtrQuarter21,036 ozReported
Silver producedChatreeMar 2026 qtrQuarter182,549 oz AgReported
Ore processedChatreeMar 2026 qtrQuarter1,359 ktReported
Head grade (gold)ChatreeMar 2026 qtrQuarter0.6 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeMar 2026 qtrQuarter2,201 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeMar 2026 qtrQuarter1,103 USD/ozReported
Average realised gold priceChatreeMar 2026 qtrQuarter4,814 USD/ozReported
Gold soldChatreeMar 2026 qtrQuarter21,954 ozReported
Gold producedChatreeJun 2026 qtrQuarter20,163 ozReported
Silver producedChatreeJun 2026 qtrQuarter220,078 oz AgReported
Ore processedChatreeJun 2026 qtrQuarter1,269 ktReported
Head grade (gold)ChatreeJun 2026 qtrQuarter0.6 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeJun 2026 qtrQuarter2,197 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeJun 2026 qtrQuarter1,134 USD/ozReported
Average realised gold priceChatreeJun 2026 qtrQuarter4,432 USD/ozReported
Gold soldChatreeJun 2026 qtrQuarter19,290 ozReported
Gold producedChatreeSep 2026 qtrQuarter14,802 ozReported
Silver producedChatreeSep 2026 qtrQuarter187,925 oz AgReported
Ore processedChatreeSep 2026 qtrQuarter1,179 ktReported
Head grade (gold)ChatreeSep 2026 qtrQuarter0.47 g/t AuReported
AISC including Thai royalties (US$/oz sold)ChatreeSep 2026 qtrQuarter2,514 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeSep 2026 qtrQuarter1,547 USD/ozReported
Average realised gold priceChatreeSep 2026 qtrQuarter4,236 USD/ozReported
Gold soldChatreeSep 2026 qtrQuarter17,339 ozReported
Available cash and bullion (excl. restricted cash)Company30 Jun 2025Point In Time69 AUD mReported
Available cash and bullion (excl. restricted cash)Company30 Sep 2025Point In Time97.4 AUD mReported
Available cash and bullion (excl. restricted cash)Company31 Dec 2025Point In Time158.6 AUD mReported
Available cash and bullion (excl. restricted cash)Company31 Mar 2026Point In Time190.3 AUD mReported
Available cash and bullion (excl. restricted cash)Company30 Jun 2026Point In Time153.1 AUD mReported
Available cash and bullion (excl. restricted cash)Company30 Sep 2026Point In Time141.4 AUD mReported
Total borrowings incl. preference sharesCompany30 Jun 2025Point In Time63.7 AUD mReported
Total borrowings incl. preference sharesCompany30 Jun 2026Point In Time25.7 AUD mReported
Sales revenueCompanyFY2025Year336.75 AUD mReported
EBITDA (FY2026 includes A$68.6m impairment reversal)CompanyFY2025Year94.46 AUD mReported
Sales revenueCompanyFY2026Year596.45 AUD mReported
EBITDA (FY2026 includes A$68.6m impairment reversal)CompanyFY2026Year343.54 AUD mReported
Gold pouredChatreeFY2025Year74,661 ozReported
Gold pouredChatreeFY2026Year86,078 ozReported
Gold recoveryChatreeFY2026Year83 %Reported
Silver recoveryChatreeFY2026Year60.7 % AgReported
Ore treatedChatreeFY2026Year5,472 ktReported
AISC including royalties (US$/oz sold)ChatreeFY2026Year2,123 USD/ozReported
AISC before royalties (US$/oz sold)ChatreeFY2026Year1,178 USD/ozReported
Thai royalties per ounce soldChatreeFY2026Year945 USD/oz royaltyReported
Silver recoveryChatreeSep 2026 qtrQuarter60.2 % AgReported
Gold recoveryChatreeSep 2026 qtrQuarter81.3 %Reported
Mining cost per tonne movedChatreeSep 2026 qtrQuarter4.57 USD/t movedReported
Processing cost per tonneChatreeSep 2026 qtrQuarter11.03 USD/t processedReported
Company guidance6
MetricProjectPeriodLowHighStatus
Gold ProductionchatreeFY202775,00085,000 ozCurrent
Silver ProductionchatreeFY2027650,000750,000 ozCurrent
AISC Before RoyaltieschatreeFY20271,6501,850 USD/oz soldCurrent
Sustaining CapitalchatreeFY202730,000,00030,000,000 AUDCurrent
Gold ProductionchatreeFY202685,00095,000 ozAchieved
AISC Before RoyaltieschatreeFY20261,5501,750 USD/oz soldAchieved

Capital history

Capital events

7 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-10-28BuybackOrdinary Shares———AnnouncedAGM resolution 6 (30 November 2026) seeks approval to buy back up to 50% of shares over 12 months; authorisation only, no purchases since FY2025.Max 133.2M · on-market at prevailing prices · Holder approval required
2026-11-11Ann. 2026-08-31DividendA$26.6M——Announced—
2026-04-10Ann. 2026-02-25DividendA$26.6M——Completed—
2026-03-31Ann. 2026-01-08RaisingA$5M2.5M—Completed—
2026-01-05Ann. 2025-12-24DebtA$15M——Completed—
2025-12-11RaisingA$14.4M7M—Completed—
2025-05-01BuybackOrdinary SharesA$2.4M1.2MA$1.97CompletedOn-market buy-back of 1,190,120 shares for A$2.36m in FY2025.From 2025-05-01

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-10-31

FY2026 Annual Report notes, the Nebari facility releases, the May 2026 royalty acquisition, the September 2026 reserve statement and quarterly (PMR agreement); Kingsgate states it is unhedged.

Thai state ad valorem royalty on Chatree gold (progressive) and silver (10%) plus community levies of 26% of the royalty; US$945/oz sold in FY2026 (about 22.6% of the realised gold price).

Royalty · Active
Counterparties
Kingdom of Thailand · Chatree community funds
Applies to
Chatree Gold Mine · Gold · Silver
Economic direction
Burden
Period
Dates not stated
Key terms
Gold royalty: 2.5%-20% progressive by THB/gram band (top band above 1,500 THB/g at 20%) percent of value
Silver royalty: 10 %
Community and special royalties: 26 % of the gold and silver royalty
How it affects our valuation

No valuation treatment is available for this arrangement.

Royalties remaining at Nueva Esperanza after the Anglo American purchase, as used in the 2026 reserve.

Royalty · Active
Counterparties
Chilean state and original vendors
Applies to
Nueva Esperanza Silver-Gold Project · Silver · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
Arqueros total royalty: 3 % NSR
Teterita total royalty: 3 % NSR
Chimberos total royalty: 4 % NSR
How it affects our valuation

No valuation treatment is available for this arrangement.

Anglo American royalties and water usufruct acquired for US$15.6m cash on 14 May 2026; terminated as burdens.

Royalty · Terminated
Counterparties
Inversiones Anglo American Norte SpA
Applies to
Nueva Esperanza Silver-Gold Project · Silver · Gold
Economic direction
Burden
Period
Through 2026-05-14; start date not stated
Key terms
Esperanza NSR: 5 %
Arqueros NSR: 3 %
Pre-production payments: 2 USD m/yr
Water usufruct minimum: 0.78 USD m/yr
How it affects our valuation

This arrangement has ended; no current valuation treatment is required.

US$6.0m of contingent payments to Anglo American on NE monetisation and production milestones.

Other · Active
Counterparties
Inversiones Anglo American Norte SpA
Applies to
Nueva Esperanza Silver-Gold Project · Silver · Gold
Economic direction
Burden
Period
From 2026-05-14; no end date stated
Key terms
Sale, IPO or JV (>25%): 1.75 USD m
Six months after commercial production: 1.25 USD m
6 Moz AgEq produced: 1.25 USD m
12 Moz AgEq produced: 1.75 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.

US$3.0m deferred consideration for Nueva Esperanza payable 24 months after commercial production.

Other · Active
Counterparties
Original Nueva Esperanza vendor
Applies to
Nueva Esperanza Silver-Gold Project · Silver · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
Contingent consideration: 3 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.

New gold and silver sales and refining agreement with PMR from 1 October 2026: faster payment and refining fees 35% lower; sales at market prices.

Offtake · Active
Counterparties
Precious Metal Refining Co.
Applies to
Chatree Gold Mine · Gold · Silver
Economic direction
Mixed
Period
From 2026-10-01; no end date stated
Key terms
Refining fee reduction: 35 %
Working capital released: 7 AUD m
How it affects our valuation

No valuation treatment is available for this arrangement.

Thai preference shares in Akara (52% of issued capital, fixed 12% return, puttable) required by Thai foreign-ownership rules; Kingsgate keeps the full economic interest.

Other · Active
Counterparties
Thai preference shareholder of Akara
Applies to
Chatree Gold Mine · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
Face value: 11,588,000 AUD
Coupon: 12 %
Put option: from January 2026 on six months notice
How it affects our valuation

No valuation treatment is available for this arrangement.

BOI promotion: Chatree profits exempt from 20% Thai tax and 10% dividend withholding for eight years from March 2023, capped at the investment amount.

Other · Active
Counterparties
Thailand Board of Investment
Applies to
Chatree Gold Mine · Gold · Silver
Economic direction
Benefit
Period
2023-03-20 to 2031-03-20
Key terms
Corporate income tax exemption: 20 % rate exempted
Dividend withholding tax exemption: 10 %
Indicated value: 100 USD m
How it affects our valuation

No valuation treatment is available for this arrangement.