Dacian Gold Limited (ASX:DCN) has cemented its position as a new mid tier Australian gold producer with the declaration of Commercial Production at its 100%-owned Mt Morgans Gold Operation (MMGO) on 1 January 2019.

Dacian Gold completed its first full-year of production in FY2019, producing 138,911 ounces of gold from open pit and underground operations.

The treatment plant processed over 2.5Mt at a head grade of 1.7g/t gold with average recoveries of 95%. The Company reported its inaugural All-In-Sustaining-Cost in the second half of FY2019, averaging $1,500/oz over that period.

For FY2020 the Company expects to produce between 150,000-170,000 ounces of gold at MMGO All-In-Cost of $1,400-$1,500/oz.