
Revenue and EPS are expected to grow through FY27–FY28, although earnings remain sensitive to gold prices and mining costs. Based on FY26 normalised EPS of A$0.76 and a 10–12x P/E, fair value is estimated at A$7.6–9.1 per share.
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Kingsgate delivered stronger FY26 production with higher gold and silver output, but KCN now tests key chart support. Investors watch the A$4.05–A$4.15 zone, Chatree performance, and future growth from Nueva Esperanza

This ASX gold producer is undervalued due to limited production history, but strong early margins suggest significant profit potential and a possible near-term re-rating. It operates a low-risk open-pit mine with long reserves, resources, and added silver by-product exposure.