Dacian drops guidance again

WHEN Dacian Gold was rattling the tin for its Mt Morgans open pit and underground gold operation 20km west of Laverton in Western Australia’s Eastern Goldfields it was a 200,000+ ounce per annum operation. The miner has now told the market it expects to get between 150,000ozpa and 170,000ozpa for the next five years.

Dacian drops guidance again Dacian drops guidance again Dacian drops guidance again Dacian drops guidance again Dacian drops guidance again

Equipment availability underground has been an issue at Mt Morgans.

It is the latest confidence knocking blow for the Australian gold sector after Gascoyne Resources announced on June 3 that it had gone into voluntary administration.