Ann: Quarterly Activities Report, page-76

Some corporate actions over time from the DCN BoD have been baffling to say the least, hence the lack of interest by institutions etc especially when the market and gold price is in positive terrain, like today, as there are much better opportunities in the short term until DCN lays out two 2021 consecutive golden production quarters.

The fact that this BoD did not update the market in the first week of April (like they did on the 5^th January 2021, Dec Qtr Preliminary Update) that the March quarter production would be some ~6,000ozs less that forecast is professionally and morally questionable.

The end of the month is not the time to deliver underperforming news to the market, withholding information from the majority for four weeks is disappointing and not a level playing field for that majority.

March qtr production of 21,400oz (+20% prodn decrease) at an AISC of $1,874/oz (+30% cost increase)
Dec qtr production of 27,162oz at an AISC of $1,430/oz

During the month of April some astute HC posters new something was amiss in DCN land, next time I will take more notice. Thanks for posting, sharing info is key to successful investing.

DCN will eventually get a leg-up if the projected bumper June quarter production/ASIC figures (+9,000ozs production and -$400oz ASIC) are materialised and the Ed gang get their fill from the trough. Jury is out now and stay tuned-in for action in the last two trading weeks of June. The month of May, accumulation time, perhaps!

Fingers crossed, no more shenanigans and withholding of price sensitive news. Bye …

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Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss

“YTD FY2021 production of 81,361oz at an AISC of $1,492/oz
Full year guidance of 110,000-120,000oz at an AISC of $1,400-$1,550/oz maintained”, DCN Qtr Rep March 2021, front page