Business
Dacian Gold (ASX:DCN) share price falls despite solid update
The Dacian Gold Ltd (ASX: DCN) share price is slumping 1.9% lower in today’s trade despite a solid quarterly update from the Aussie gold miner, as gold prices retreated overnight.
Why is the Dacian Gold share price slumping today?
Dacian reported a strong net cash position for the quarter ended 31 December 2020 (Q2 FY2021). The Aussie gold miner produced 27,162 ounces of gold at an all-in sustaining cost (AISC) of $1,430 per ounce in the December quarter.
The mining group reported first half production of 59,961 ounces at an AISC of $1,356 per ounce. That means Dacian is on target to meet its full year guidance of 110,000 to 120,000 ounces at an AISC of $1,400 to $1,550 per ounce.
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