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Australia's Kingsgate Consolidated drops on sequential fall in quarterly gold sales

By Reuters News4 hours ago Updated

** Shares of Australia's Kingsgate Consolidated KCN.AX fall as much as 16.1% to A$3.70, their lowest since July 30

** Gold miner's flagship Chatree mine in central Thailand logs a sequential fall in September-quarter gold sold to 17,339 ounces from 19,290 ounces in the previous quarter

** Also reports a decline in all-in sustaining cost margins to $1,722 per ounce in the September quarter, from $2,235 per ounce in the previous quarter

** YTD, shares down over 32%

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