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Kingsgate revenue soars

Gold miner Kingsgate Consolidated has nearly doubled its revenue in the six months to December, compared with the previous corresponding period, resulting in a 206% increase in profits after tax.

Revenue for the six months under review increased from $93.1-million to $158.2-million, while Kingsgate reported profits after tax of $21.1-million, compared with a loss of $19.9-million in the previous corresponding period.