Countdown to Mt Morgans production starts as openpit mining contract is awarded

The countdown has started for the biggest gold mine to come on line in Australia in six years, with ASX-listed Dacian Gold awarding the final material contract required for the 200 000 oz/y Mt Morgans mine, near Laverton, Western Australia, to start production. The company awarded the mining contract for the Jupiter openpit to Macmahon Contractors, which will start mining operations at the Heffernans Hill area this month. First gold production and cashflow are expected to follow within 17 weeks.