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

Peter Ker

Papua New Guinea’s state-owned mining company will pay at least $60 million to ASX-listed Kingston Resources for control of a major gold development and exploration project in the Solomon Sea.

Kingston said it would sell Misima to Ok Tedi Mining under a deal that could eventually be worth up to $95 million to the Australian group, depending on whether future gold production milestones were achieved.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/kingston-offloads-png-gold-mine-to-ok-tedi-in-95m-transaction-20250519-p5m0kc