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BRIEF-Kingsgate Consolidated says Chatree Gold Mine is now debt free

Published 28/12/2016, 11:36 am
© Reuters.  BRIEF-Kingsgate Consolidated says Chatree Gold Mine is now debt free
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Dec 28 (Reuters) - Kingsgate Consolidated Ltd KCN.AX

* Chatree gold mine is now debt free.

* Final payment against akara loan facility of us$6.3 million was made on 23 dec, making chatree plant and landholdings completely unencumbered

* Following repayments Kingsgate's group total debt position will be a$5 million, which is scheduled for repayment at end of jan 2017

* Final payment of a$4.1 million has now been received from silver mines limited Source text for Eikon: ID:nASX4nflZF Further company coverage: KCN.AX

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