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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	KGL
Latest Price:	0.83 (-2.35% )
52-week High:	1.46
52-week Low:	0.13
Market Cap:	88.15M

1 year chart

1 day chart

Kentor Gold Full Kentor Gold profile here

Kentor Gold (ASX: KGL) is an Australian-based, emerging mid-tier gold company with advanced projects in Australia and the Kyrgyz Republic.

At Jervois in the Northern Territory where Kentor has a JORC Resource, the company is studying the feasibility of developing a large, high grade copper-silver Resource with potential for the production of gold and other base metals.

Kentor Gold shares recommence trade after 1 for 10 share consolidation

Friday, February 10, 2012 by Angela Kean

Kentor Gold (ASX: KGL) shares have begun trading again today following a 1 for 10 share consolidation.

The consolidation has reduced the number of shares on issue from over 1 billion down to about 106.2 million.

Importantly, the move has increased the price of Kentor’s shares from a close of $0.12 on 25 January to around $1.16 at 2.50pm (AEDT) today.

Kentor is set to join the ranks of Australian gold producers in less than five months, with the company on schedule for the first gold pour from the Murchison gold project in June 2012.

Initial production rates are forecast at 24,000 ounces per year from a combination of open pit and underground mining and, based on the current US$1731 spot price, this would create gross revenue of over US$41 million in the first year of operation.

The Murchison gold project, located in Western Australia, is the new name for the Burnakura and Gabanintha sites, which currently host an Inferred Resource of 15.1 million tonnes at 1.5 grams per tonne gold for 719,000 ounces.

Exploration is moving forward at speed, with a 20,000 metre reverse circulation program underway aimed at infilling then building the resource.

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