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An announcement from Beacon Minerals ( (AU:BCN) ) is now available.
Beacon Minerals Limited has announced its intention to conduct an on-market share buy-back of up to 9,391,920 fully paid ordinary shares, allocating $12 million for this purpose. The buy-back aims to improve shareholder returns and capital efficiency while maintaining flexibility for future growth. The company has a cash balance of $20.1 million and has engaged Argonaut Securities Pty Limited for broking services. The buy-back will comply with relevant regulations and does not require shareholder approval.
More about Beacon Minerals
Beacon Minerals Limited is a company operating in the mining industry, primarily focused on mineral exploration and production. The company is involved in the extraction and processing of gold and other minerals, with a market focus on enhancing shareholder value through efficient capital management and strategic growth opportunities.
Average Trading Volume: 97,042
Technical Sentiment Signal: Buy
Current Market Cap: A$127.3M
Find detailed analytics on BCN stock on TipRanks’ Stock Analysis page.