Junior gold miner Kingsgate Consolidated has been granted permission by the Thai government to sell the gold and silver sludge at its Chatree gold mine to a Thai refinery.
The sludge is estimated to contain some 4 750 oz of gold and 34 800 oz of silver, valued at around A$14-million at a gold price of A$2 678/oz, before royalties, transportation and refining costs.