The Dacian Gold (ASX:DCN) share price has slumped 5%. Here’s why.

The Dacian Gold Ltd (ASX: DCN) share price is one ASX share to watch today. Shares in the Aussie gold miner have dropped 5.4% in early trade after the company’s latest quarterly update.

Why is the Dacian Gold share price slumping?

The big news today was Dacian’s latest production and activities numbers. Dacian reported March quarter production of 21,400 ounces of gold at an all-in sustaining cost (AISC) of $1,874 per ounce. Those numbers came from the Mt Morgans Gold Operation (MMGO) output with year to date production of 81,361 ounces.

Managing Director Leigh Junk said, “While we were anticipating that production for the March quarter…