Dacian Gold
An Australian gold miner focussed on high margin and sustainable production.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 1.1x EV/Revenue -138.6x EV/EBITDA | round | |
* | N/A | Growth Equity non VC | |
| Total Funding | 000k | ||
| AUD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (11 %) | (7 %) | (44 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (23 %) | 7 % | (17 %) | (1 %) |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (43 %) | (3 %) | (89 %) | (50 %) |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Dacian Gold Limited is an Australian-based gold producer operating in the Leonora-Laverton district of Western Australia, a region known for its significant gold endowment. The company was founded in 2012. Its primary focus has been on its 100% owned Mt Morgans Gold Operation, which encompasses a substantial tenement package of approximately 600 square kilometers.
The company's operations have centered on both open-pit and underground mining. At Mt Morgans, Dacian Gold has historically mined several open pits, including the Westralia open pits (Transvaal, Beresford, and Allanson) and the Cameron open pit. The operation is supported by a 2.5 million tonnes per annum (Mtpa) carbon-in-leach (CIL) treatment plant, which processes the ore extracted from these sites. This infrastructure allows the company to process ore from its various mining activities efficiently.
Dacian Gold's business model revolves around the exploration, development, and production of gold. Revenue is generated directly from the sale of gold produced at its operations. The company has navigated various phases of the mining lifecycle, from initial exploration and resource definition to active mining and processing. It has also engaged in strategic initiatives, including a merger with Genesis Minerals Limited in 2023, which resulted in Dacian becoming a wholly-owned subsidiary of Genesis. This transaction consolidated the ownership of the Leonora-Laverton gold fields under a single entity.
Under the new ownership of Genesis Minerals, the strategic focus for the Mt Morgans asset has been re-evaluated. Operations have been restructured, with a shift towards processing lower-grade stockpiles to generate cash flow while undertaking extensive drilling programs aimed at defining a new, more robust five-year mine plan. This strategy is designed to de-risk future operations and establish a sustainable production profile for the Laverton district, complementing Genesis's broader strategy for the region.
Keywords: gold production, Australian mining, Mt Morgans, open-pit mining, underground mining, gold exploration, Western Australia, CIL treatment plant, mineral resources, Genesis Minerals