Dacian Gold share price plunges 67%

Gold miner Dacian Gold’s share price was hammered on Wednesday as the company revised its production guidance and announced the start of a “strategic review to consider corporate approaches”. The operator of the Mt Morgans mine, in Western Australia, lowered its production guidance for the June quarter to a range of 36 000 oz to 68 000 oz, from a previous guidance of 50 000 oz to 55 000 oz.