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Beacon Minerals ( (AU:BCN) ) just unveiled an update.
Beacon Minerals reported strong December 2025 quarter production at its Jaurdi Gold Project, with 7,310 ounces of gold produced and 258,482 dry tonnes milled, including ore from the Lady Ida earn-in joint venture. Mill recoveries averaged 88% but rose to 93% when processing Lady Ida stockpiles and laterites late in the quarter, and gold sales reached 8,350 ounces at an average price of $6,403 per ounce, generating $53.47 million in revenue and marking a roughly 23% rise in realised price over the prior quarter. Operationally, mining at the MacPhersons pit is nearing completion with additional ore from a revised final cut, equipment is being transitioned to Lady Ida where laterite pre-strip is advanced and first ore is exposed, and remaining Lady Ida stockpiles and laterites are scheduled to be processed over the second half of FY25/26. The company also strengthened its balance sheet through the exercise of 3.57 million listed options raising $4.28 million and returned capital to shareholders via fully franked ordinary and special dividends, while continuing a strategy of retaining some gold in its Perth Mint metal account and selling sufficient ounces to cover operating costs, with JV partner GL contributing its share of cash operating costs for processing Lady Ida material.
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 Limited is an Australian gold mining company listed on the ASX, focused on its 100%-owned Jaurdi Gold Project in Western Australia and associated satellite deposits such as MacPhersons and Lady Ida. The company operates an integrated mining and processing operation, producing and selling gold while leveraging joint venture arrangements, including an earn-in agreement at Lady Ida, to source additional ore for its Jaurdi mill.
Average Trading Volume: 74,025
Technical Sentiment Signal: Buy
Current Market Cap: A$377M
For a thorough assessment of BCN stock, go to TipRanks’ Stock Analysis page.