Kingsgate mulls Thailand IPO deferral

Gold miner Kingsgate Consolidated is contemplating the deferral of an initial public offering (IPO) in Thailand, after learning that the Thai Securities and Exchange Commission has rejected its application for an IPO. The company on Monday said it had been in correspondence with the Securities and Exchange Commission to soothe concerns over the temporary closure of the Chatree mining complex in January, and in relation to a corporate governance issue.