Kingston offloads PNG gold mine to Ok Tedi in $95m transaction

Kingston offloads PNG gold mine to Ok Tedi in $95m transaction

The deal will allow the ASX-listed producer to focus on its NSW operators and hand control of the Solomon Seas project to the Papua New Guinean government.

Break it Down: Kingston's Misima sale to raise the bar on Mineral Hill gold-copper production

Stockhead’s Break it Down brings you today’s leading market news in under 90 seconds. In this episode, host Tylah Tully looks at the Kingston Resources (ASX:KSN) move to bank $95 million from the divestment of its Misima gold project in Papua New Guinea to mining giant Ok Tedi. The deal returns a doubling of KSN’s investment, wipes its debt, and funds a push to lift the bar on Australian gold and copper production as the company moves on transfo…