Kingsgate sells Andean stake

KINGSGATE Consolidated has sold its 18.35% interest in Andean Resources for $A69.9 million, with the proceeds used to repay debts and fund exploration and development in Thailand.

Kingsgate sells Andean stake Kingsgate sells Andean stake Kingsgate sells Andean stake Kingsgate sells Andean stake Kingsgate sells Andean stake

Speaking to MiningNews.net Kingsgate chief executive Gavin Thomas said the company was happy with the price it received from the sale of the 63.6 million shares it held in Andean.

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