Tag: Dacian Gold

Good as gold

Good as gold

INTERNATIONAL instability, a strong Australian gold industry and a weak Australian dollar have sparked a a booming international gold rally, with the price jumping from $1770/oz in mid-April to over $2050/oz in June, surpassing the US$1400/oz mark and smashing the AUD$1900/oz record. According to Perth Mint chief executive Richard Hayes, the destabilising effects of the Trump administration, the Sino-American trade wars and, to some extent Brexit, have led the investment market to the point where gold has re-assumed its historical role as the tangible safe investment. Toward the end of May and the beginning of June, the US made two key announcements that helped to facilitate the precious metal’s rally. The first was that the US Federal Reserve signalled it...

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...

Dacian Gold: Kicking Goals

Dacian Gold: Kicking Goals

Gold bars produced from the first gold pour in March with the Mt Morgans stamp. All images: Dacian Gold BY: JESSICA CUMMINS DACIAN Gold has a clear path to become Australia’s next mid-tier gold miner with expanding cash flow and organic growth from its newly opened Mt Morgans project. In late March, first gold was poured at Dacian Gold’s flagship $200 million Mt Morgans gold project in WA. It was big milestone for the junior miner; for one Mt Morgans presented Dacian with 200,000 ounces of gold production over a 10-year mine life. The project also offered organic growth through its mining centres Westralia, a 1 million tonne per annum (mtpa) underground operation; Jupiter, its 1.5mtpa open...

Dacian Gold: Full Steam Ahead

Dacian Gold: Full Steam Ahead

All images: Dacian Gold. BY CAMERON DRUMMOND THERE'S a lot to like about the rapid development of Dacian Gold’s Mt Morgans gold project. The miner has set a vigorous pace on the road to production, already coming in under its initial project cost by $23 million. Production from Dacian Gold’s flagship $197 million Mt Morgans project near Laverton, WA is expected to start this month, less than three years after the Dacian board approved its development. The fast-tracked gold project has been Dacian’s sole focus since its $20m initial public offering (IPO) onto the ASX in 2012. At that time, Mt Morgans had a resource base of 840,000 ounces (oz) of gold. In the years that followed,...