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BRIEF-Dacian Gold Revises June Quarter Production Guidance For MT Morgans Operation To 36,000-38,000 OZ

Published 05/06/2019, 11:03 am
Updated 05/06/2019, 11:10 am
© Reuters.  BRIEF-Dacian Gold Revises June Quarter Production Guidance For MT Morgans Operation To 36,000-38,000 OZ
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June 5 (Reuters) - Dacian Gold Ltd DCN.AX :

* MT MORGANS PRELIM REVIEW ANTICIPATES ANNUAL AVERAGE PRODUCTION LEVEL OVER 5 YEARS IN RANGE 160,000-180,000 OZ

* PRODUCTION GUIDANCE FOR JUNE QUARTER REVISED TO 36,000-38,000 OZ AT MT MORGANS GOLD OPERATION AT AISC OF A$1,500-A$1,600/OZ

* MT MORGANS PRELIM FY2020 PRODUCTION & COST GUIDANCE IN RANGE 150,000-170,000 OZ AT AISC A$1,350-A$1,450/OZ

* APPOINTED TREADSTONE RESOURCE PARTNERS TO UNDERTAKE STRATEGIC REVIEW TO CONSIDER POTENTIAL CORPORATE & FUNDING INITIATIVES AVAILABLE

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