DCN 0.00% 28.5¢ dacian gold limited

Here it is from the pdf.15 JULY 2019PRELIMINARY JUNE QUARTER...

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    Here it is from the pdf.

    15 JULY 2019

    PRELIMINARY JUNE QUARTER OPERATING RESULTS

    Dacian meets updated June quarter guidance with production of 36,658oz at an AISC of A$1,519/oz

    Dacian Gold Ltd (Dacian Gold or the Company) (ASX: DCN) is pleased to provide its preliminary operating results for the June quarter for its Mt Morgans Gold Operation (MMGO).

    Production for the June quarter of 36,658 ounces achieved the updated production guidance of 36,000-38,000oz.

    The Company’s All-in-Sustaining-Cost (AISC) for the June quarter was A$1,519/oz, achieving the lower end of the updated AISC guidance of A$1,500-$1,600/oz.

    On July 10 2019, the Company released to the ASX an updated Life-of-Mine (LOM) plan and FY2020 guidance for MMGO that detailed:

    • An average annual production of 170,000oz over the first 5 years (FY2020-FY2024) at an MMGO All-in Cost (AIC) of A$1,340-$1,440/oz;

    • Total gold production over an 8-year LOM (FY2020-FY2027) of 1.1 million ounces at an MMGO AIC of A$1,280-$1,380 (including all MMGO capital spend);

    • Consolidated AIC over an 8-year LOM is A$1,330-$1,430/oz (including all capital, corporate and exploration expenditure);

    • At A$1,800/oz gold price, discounted (5%) pre-tax MMGO cash flows exceed A$420 million based on the 8-year LOM;

    • FY2020 production guidance of between 150,000-170,000oz at an MMGO AIC of A$1,400-$1,500/oz (including all MMGO capital spend); and

    • Consolidated AIC for FY2020 is A$1,450-A$1,550/oz (including all capital, corporate and exploration expenditure)

      Complete June quarter operating and financial results will be provided with the Company’s quarterly report later this month.

 
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