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Beacon Minerals ( (AU:BCN) ) has shared an update.
Beacon Minerals Limited has entered into an agreement to sell its six concessions in Timor Leste to Tivan Ltd for a total consideration of AU$500,000, split equally between cash and shares. This strategic move allows Beacon to focus on its core Australian projects and supports its gold retention policy, while Tivan assumes responsibility for the concessions, including regulatory obligations.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$2.50 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 a company operating in the mining industry, primarily focusing on exploration and production activities. The company has been concentrating on its Australian projects, particularly increasing production at the Jaurdi Mill.
Average Trading Volume: 117,271
Technical Sentiment Signal: Buy
Current Market Cap: A$266.7M
Find detailed analytics on BCN stock on TipRanks’ Stock Analysis page.