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Beacon Minerals ( (AU:BCN) ) has shared an announcement.
Beacon Minerals Limited has sold 35,788,944 shares in Astral Resources NL for $5.9 million, retaining 5,182,697 shares. This sale aligns with Beacon’s strategy to focus on its gold operations at the Jaurdi Mill and provides capital flexibility for the development of the Iguana Project, enhancing its operational and financial positioning.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$1.50 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 operates in the mining industry, focusing on gold production. The company is primarily engaged in establishing long-life gold operations, particularly at its Jaurdi Mill Operation, and is also involved in the acquisition and development of mining projects, such as the Lady Ida Project.
Average Trading Volume: 107,876
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$228.3M
For a thorough assessment of BCN stock, go to TipRanks’ Stock Analysis page.