Reference
·Primary source
Chatree gold-silver mine production (post-restart)
~120-140 koz Au (2024 run-rate)
The Chatree gold-silver mine, operated by Akara Resources (a subsidiary of Kingsgate Consolidated, ASX:KCN), restarted production in March 2023 after a seven-year forced closure (2017-2023). 2023 partial-year output was approximately 35-40 koz gold equivalent; 2024 full-year output is tracking 120-140 koz Au at a roughly 12-15:1 silver-to-gold by-product ratio per Kingsgate quarterly activities reports. The Phichit-Phetchabun-Phitsanulok-bordering Chatree operation is Thailand's only commercial-scale gold mine and the dispute over its closure underpinned the 2023 ICSID arbitration which awarded Kingsgate compensation against the Thai government.
Figure in context
The Chatree gold-silver mine, operated by Akara Resources (a subsidiary of Kingsgate Consolidated, ASX:KCN), restarted production in March 2023 after a seven-year forced closure (2017-2023). 2023 partial-year output was approximately 35-40 koz gold equivalent; 2024 full-year output is tracking 120-140 koz Au at a roughly 12-15:1 silver-to-gold by-product ratio per Kingsgate quarterly activities reports. The Phichit-Phetchabun-Phitsanulok-bordering Chatree operation is Thailand's only commercial-scale gold mine and the dispute over its closure underpinned the 2023 ICSID arbitration which awarded Kingsgate compensation against the Thai government.
Interpretation notes
What this tells you
The Chatree gold-silver mine, operated by Akara Resources (a subsidiary of Kingsgate Consolidated, ASX:KCN), restarted production in March 2023 after a seven-year forced closure (2017-2023). 2023 partial-year output was approximately 35-40 koz gold equivalent; 2024 full-year output is tracking 120-140 koz Au at a roughly 12-15:1 silver-to-gold by-product ratio per Kingsgate quarterly activities reports. The Phichit-Phetchabun-Phitsanulok-bordering Chatree operation is Thailand's only commercial-scale gold mine and the dispute over its closure underpinned the 2023 ICSID arbitration which awarded Kingsgate compensation against the Thai government.
What not to do with it
Values in thousand ounces gold-equivalent. 2017-2022 reflects the forced closure period. 2025 target is Kingsgate guidance, subject to mine plan execution.
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Thailand Gypsum Production Volume
Department of Primary Industries and Mines, Thai Mining Industry Association
Thailand Cement-Grade Limestone Output
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Minerals Act B.E. 2560, DPIM Ministerial Notifications, Revenue Department
Thailand Potash Proven Reserves
DPIM, ASEAN Potash Mining, academic surveys
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Thai mining and quarrying sector revenue (2020-2024)
Department of Primary Industries and Mines, NESDC National Accounts, USGS Mineral Yearbook
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