Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Beacon Minerals ( (AU:BCN) ) just unveiled an announcement.
Beacon Minerals reported March quarter production of 5,419 ounces of gold at its Jaurdi Gold Project, with 221,155 dry tonnes milled and a recovery rate of 86.5%. Gold sales totalled 3,600 ounces for receipts of $25.36 million at an average price of $7,045 per ounce, supported by opportunistic early-March sales at higher prices and an approximately 10% quarter-on-quarter improvement in realised pricing.
The company completed milling of remaining Lady Ida Hodari North stockpiles and laterites, transitioned to processing Iguana laterite ore, and held 4,080 ounces at the Perth Mint plus 750 ounces in transit at quarter end. Beacon strengthened its balance sheet through $2.48 million raised from option exercises, a $5 million cash-and-shares sale of MacPhersons Reward to Forrestania Resources, a further divestment of non-core Mt Dimer tenements, and achieved first bullion from M16/262, triggering a key joint venture milestone and ongoing cost contributions from its partner.
More about Beacon Minerals
Beacon Minerals is an Australian gold producer focused on the Jaurdi Gold Project near Kalgoorlie in Western Australia. The company operates open-pit mining and processing operations, targeting near-mine laterite and stockpiled ore, and supplements organic production growth with opportunistic asset sales and joint venture arrangements in the regional gold sector.
Average Trading Volume: 102,653
Technical Sentiment Signal: Buy
Current Market Cap: A$371.9M
See more data about BCN stock on TipRanks’ Stock Analysis page.