Investor confidence in new gold mines has taken another blow, with Dacian Gold announcing a big production downgrade and flagging a possible fire sale of the company.
The Dacian share price plunged more than 60 per cent to 62¢ in early trading on Wednesday on the back of its second downgrade in less than three months.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
