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Beacon Minerals ( (AU:BCN) ) has shared an update.
Beacon Minerals has achieved a key development milestone at its Lady Ida – Iguana gold project in Western Australia, successfully completing the first blast at the new open pit on 24 January 2026, which will deliver an initial 20,000 tonnes of laterite ore. Site infrastructure, including mining workshops and offices, is under construction and due for completion in March, with assets being transferred from the MacPhersons operation, while sequential blasting, initial ore mining, and road haulage to the Jaurdi processing plant are set to ramp up through February. The company plans to begin stockpiling Iguana ore at both the mine and Jaurdi ROM in early to mid-February, feed Iguana ore into the Jaurdi mill later that month following completion of MacPhersons processing, and expects its first gold pour from the project in late February 2026, which will activate its joint venture with Lamerton Pty Ltd and Geoda Pty Ltd and mark a significant step in Beacon’s growth strategy.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$4.00 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 Limited is an Australian gold producer focused on open-pit mining and processing operations in Western Australia, including its Jaurdi gold processing plant. The company is expanding its production base through new projects such as the Lady Ida – Iguana operations, leveraging existing infrastructure relocated from its MacPhersons operation.
Average Trading Volume: 80,398
Technical Sentiment Signal: Buy
Current Market Cap: A$451.3M
For detailed information about BCN stock, go to TipRanks’ Stock Analysis page.