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Beacon Minerals ( (AU:BCN) ) has issued an update.
Beacon Minerals has reported continued drilling success at its Iguana Deposit, with assay results from a further 192 reverse circulation holes totalling 34,062 metres confirming multiple high-grade gold intersections. The latest results indicate extensive mineralisation that remains open at depth and along strike, supporting management’s view that Iguana has substantial growth potential in terms of mineral resources and ore reserves.
The company is maintaining an intensive drilling campaign at Iguana using two RC rigs and a diamond rig, underscoring its strategy to fast-track understanding and potential development of the deposit. Beacon also revised its March quarter production guidance to 4,600 to 5,400 ounces of gold, highlighting the operational implications of ongoing work at Iguana and reinforcing its strategic importance to the company’s future production profile.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
More about Beacon Minerals
Beacon Minerals is an Australian gold mining and exploration company focused on developing high-grade gold deposits in Western Australia. The company is advancing its Iguana Deposit, which is emerging as a potentially significant cornerstone asset within its broader portfolio of gold operations.
Average Trading Volume: 105,410
Technical Sentiment Signal: Buy
Current Market Cap: A$388.6M
For a thorough assessment of BCN stock, go to TipRanks’ Stock Analysis page.