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Company News
KIN Mining shareholders land a bonus on back of Genesis’ bid for full ownership of Dacian
Shareholders in KIN Mining (ASX: KIN) scored a nice bonus when the company’s shares leapt up 31% on the news that Genesis Minerals (ASX: GMD) has bid to acquire the remaining shares in Dacian Gold (ASX: DCN) it does not already hold. The increase was so large that KIN, which holds a 7.34% interest in […]
Consolidation does not always lead to a gold mine
Consolidation is the name of the game underway in Australian gold mining today, and while it can be a stockbroker’s picnic it can also create more losers than winners. The current focus of speculation about a rush of gold sector merger and acquisition (M&A) activity is the historic Western Australian mining centre of Leonora – […]
Inflation bites resources sector with spiralling costs
Commodities are unquestionably a good place for investors at a time of rising inflation, but the same force driving up the price of minerals and metals can also produce killer cost increases. Dacian Gold (ASX: DCN) is the latest example of inflation rendering its mining operations uneconomic. While still in business as a processor of […]
Dacian Gold, NTM Gold to merge as part of regional consolidation effort
Leonora-Laverton district gold plays Dacian Gold (ASX: DCN) and NTM Gold (ASX: NTM) have agreed to merge – a move that will link NTM’s undeveloped Redcliffe gold project with Dacian’s Mt Morgan processing plant. The two projects lie within 100km of each other. In a joint statement, the companies have also revealed that other projects […]
Dacian discovers new gold zone north of Westralia mine
Dacian Gold (ASX: DCN) has pulled up multiple thick and high-grade gold intercepts while undertaking drilling at its wholly-owned Mt Morgans gold operation near Laverton in Western Australia. The thick and high-grade intersections were discovered north of the existing Westralia mine which has an existing reserve of 1.4 million ounces of contained gold. According to […]
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