Dacian Gold Ltd. engaged mining contractor Macmahon Contractors Pty. Ltd. to mine the Jupiter open pit at its Mount Morgans gold project in Western Australia.
The contract will have an initial 60-month term and three option periods extending over an additional 31 months, which covers the current scheduled life of the pit.
Mining will start later in December, with the first ore to be mined from the Heffernans Hill area. Gold production at Mount Morgans is scheduled to start in March 2018.
Dacian has 52,000 ounces of gold from the Mount Morgans project under a hedging contract at an average price of A$1,782 per ounce, which will be delivered between July 1, 2019, and June 30, 2020.
