Gascoyne investors suffer shocking failure

MINER Gascoyne Resources has called in administrator FTI Consulting, with the failure of the company’s Dalgaranga project in Western Australia to perform since first gold was poured 12 months ago a shocking aberration during the current golden era for the ASX gold sector.

Gascoyne investors suffer shocking failure Gascoyne investors suffer shocking failure Gascoyne investors suffer shocking failure Gascoyne investors suffer shocking failure Gascoyne investors suffer shocking failure

The lights aren't out at Dalgaranga but the arrival of administrators spells bad news for shareholders

"Despite extensive efforts by Gascoyne to optimise operations by targeting improved mined grade, resource reconciliation, and increased material movements, Gascoyne has continued to experience issues

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