In Diggers and Dealers mining forum, Australia’s mid-tier gold producer Dacian Gold Limited reported completion of A$200 million project as scheduled and estimated.
Ahead of commissioning and performance testing completion of new 2.5Mtpa treatment plant, centrally located Laverton goldfield-Mount Morgans discovered significant gold deposit called Cameron Well. A major new gold discovery, Cameron is reported to have a multiple bedrock structure with thickest high-grade intersections.
The gold miner confirmed Maiden Mineral Resource of 245Koz, 70% within 100 metres of surfaces, at Cameron while Maiden oxide Ore Reserve is scheduled to be released in late 2018.
DCN’s major open pit mining complex Jupiter Mine Area recorded 1.4Moz Mineral resource and Initial Ore Reserve of 643,000oz. However, an underground mining advancing well, Westralia Mine Area recorded 1.6Moz and initial Ore Reserves of 492,000oz. Beside reporting progress in its three-production decline at Beresford South, Beresford North and Allanson, Westralia confirmed the discovery of two high-grade underground gold mines which can potentially extend to 5km Long Ore System.
In FY2019 guidance, company targets to increase production to 180,000-210,000oz excluding the potential ore production from new Cameron Well. The company endeavors to increasing production and mine life as it aims to produce +200Kozpa at $1000/oz for more than 10 years.
DCN’s stock price was down to $2.7 despite reporting positive progress in operations.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.