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) ) has issued an announcement.
Beacon Minerals reported March quarter gold production of 5,419 ounces at an all-in sustaining cost of A$4,484 per ounce, with mill throughput rising 7% and run‑of‑mine stockpiles reaching 566,000 tonnes. The company guided June quarter output of 5,000 to 6,000 ounces, highlighting ramp‑up progress at Lady Ida and strong drilling activity at the Iguana deposit.
Financially, Beacon booked quarterly gold sales of 3,600 ounces at an average price of A$7,045 per ounce, generating A$25.36 million in receipts and closing the period with A$38.54 million in cash. The company advanced tank farm upgrades, continued its gold retention strategy with significant ounces held at the Perth Mint and in transit, and monetised non‑core assets via sales to Forrestania Resources, bolstering balance sheet flexibility amid robust gold market conditions driven by geopolitical tensions.
More about Beacon Minerals
Beacon Minerals is an Australian gold producer focused on the Lady Ida Gold Project and associated deposits such as Iguana in Western Australia. The company operates its own mining fleet and processing plant, targeting increased mill throughput and leveraging elevated Australian dollar gold prices to strengthen margins and cash generation.
Average Trading Volume: 79,258
Technical Sentiment Signal: Buy
Current Market Cap: A$342.2M
See more data about BCN stock on TipRanks’ Stock Analysis page.