Tag: Dacian Gold executive chairman and chief executive Rohan Williams

Lustre returns to Dacian Gold

Lustre returns to Dacian Gold

DACIAN Gold (ASX: DCN) looks to be back on track after announcing it had delivered 42,000oz in its preliminary Q3 results. Dacian has been clawing its way back from a vicious stock dump in June when it lost about three quarters of its value after the company was forced to lower its guidance twice in three months. While June quarter production guidance lowered from 50,000oz-55,000oz to 36,000oz-38,000oz, it is now in line with the projected first half of FY2020 guidance of 150,000oz to 170,000oz. The company paid back a scheduled $10.8m debt repayment, and increased its cash and gold on-hand position by $8.3m to $53.9m, leaving the outstanding bank debt at $94.7m. Dacian said that the mill reconciliation for the...

Mt Morgans: growth potential

Mt Morgans: growth potential

WITH production well and truly underway at Dacian Gold’s Mt Morgans project in WA, the company was now turning its attention to exploration to grow mine life. After an “excellent” December quarter, Dacian Gold declared commercial production at its flagship Mt Morgans project in January. The mine, 37km south of Laverton, presented Dacian with 200,000 ounces of gold over an estimated 10-year mine life, and a clear path to mid-tier status through its organic growth options; the Westralia underground operation, open cut Jupiter mine, and new discovery Cameron Well. Dacian Gold executive chairman and chief executive Rohan Williams said the company achieved its commercial production milestone in January exactly when it said it would. “We have now been producing for almost a...