Beacon Minerals Limited (AU:BCN) has released an update.
Beacon Minerals Limited reported gold production of 3,930 ounces and sales of 4,144 ounces at an average price of $3,550/oz, generating $14.71 million in the June 2024 quarter. Despite production challenges including high viscosity in processing and heavy rainfall, the company maintained a cash reserve of $5.88 million, with significant capital expenditure directed towards pre-mining activities, exploration, and equipment purchases. The company’s exploration efforts also led to the completion of a resource model for the Mt Dimer Lightning-Golden Slipper Deposits and identified new areas for future exploration.
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