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Beacon Minerals
(Sydney:BCN)
Beacon Minerals (BCN) vs. iShares MSCI Australia ETF (EWA)
Beacon Minerals Business Overview & Revenue Model
Beacon Minerals Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 134.39M | 92.73M | 82.90M | 72.30M | 71.16M | 73.73M |
| Gross Profit | 25.68M | -10.38M | 33.67M | 10.60M | 25.39M | 35.87M |
| EBITDA | 41.66M | 12.70M | 27.97M | 31.78M | 39.64M | 41.23M |
| Net Income | 8.09M | -14.00M | 9.19M | 5.22M | 14.83M | 20.28M |
Balance Sheet | ||||||
| Total Assets | 140.01M | 112.32M | 112.64M | 87.86M | 80.26M | 64.75M |
| Cash, Cash Equivalents and Short-Term Investments | 36.14M | 14.48M | 5.88M | 4.44M | 12.81M | 22.10M |
| Total Debt | 9.48M | 8.32M | 9.36M | 793.39K | 1.09M | 0.00 |
| Total Liabilities | 55.83M | 45.74M | 44.85M | 25.57M | 21.55M | 13.28M |
| Stockholders Equity | 84.17M | 66.59M | 67.79M | 62.29M | 58.71M | 51.47M |
Cash Flow | ||||||
| Free Cash Flow | 21.11M | 2.84M | 6.64M | -5.18M | -1.54M | 31.69M |
| Operating Cash Flow | 36.83M | 12.17M | 36.07M | 21.33M | 33.29M | 41.23M |
| Investing Cash Flow | -30.02M | -9.50M | -29.83M | -28.49M | -34.85M | -9.54M |
| Financing Cash Flow | -5.36M | 5.92M | -4.81M | -1.20M | -7.75M | -26.11M |
Beacon Minerals Technical Analysis
Beacon Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$130.81M | 3.56 | 14.07% | 4.01% | 24.48% | 97.18% | |
64 Neutral | AU$745.05M | 1.81 | 121.31% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$166.46M | 4.74 | 2.67% | ― | 46.74% | -47.98% | |
52 Neutral | AU$336.28M | 5.17 | -20.84% | ― | 11.43% | -238.93% | |
49 Neutral | AU$237.14M | -4.78 | -8.87% | ― | ― | 15.86% | |
43 Neutral | AU$229.42M | 3.94 | -3.40% | ― | ― | ― |
Beacon Minerals Corporate Events
Beacon Minerals has reported continued drilling success at its Iguana Deposit, with assay results from a further 192 reverse circulation holes totalling 34,062 metres confirming multiple high-grade gold intersections. The latest results indicate extensive mineralisation that remains open at depth and along strike, supporting management’s view that Iguana has substantial growth potential in terms of mineral resources and ore reserves.
The company is maintaining an intensive drilling campaign at Iguana using two RC rigs and a diamond rig, underscoring its strategy to fast-track understanding and potential development of the deposit. Beacon also revised its March quarter production guidance to 4,600 to 5,400 ounces of gold, highlighting the operational implications of ongoing work at Iguana and reinforcing its strategic importance to the company’s future production profile.
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.
Beacon Minerals has applied for quotation of 7,000 new ordinary fully paid shares on the ASX, with an issue date of March 16, 2026. The small size of the share issuance suggests only a minor capital or equity structure adjustment, indicating limited immediate impact on the company’s overall operations or existing shareholders but continuing its routine ASX compliance activities.
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.
Beacon Minerals Limited has applied to the ASX for quotation of 30,816 additional ordinary fully paid shares, expanding its listed capital base. The new securities, issued on March 5, 2026, reflect conversions or exercises of existing options or other convertible securities, marginally increasing the company’s free float and potentially enhancing liquidity for shareholders.
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.
Beacon Minerals Limited has released its interim financial report for the half year ended 31 December 2025, outlining consolidated profit and loss, balance sheet, cash flows and changes in equity for the period. The document, presented as an Appendix 4D to the market, is intended to be read alongside the company’s 30 June 2025 annual report and prior public announcements, providing stakeholders with an updated snapshot of financial performance and position at the half-year mark.
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.
Beacon Minerals Limited has applied to the ASX for quotation of 51,235 new fully paid ordinary shares, which were issued on 24 February 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments, modestly expanding the company’s listed capital base and potentially improving liquidity for shareholders.
The move reflects ongoing utilisation of Beacon Minerals’ equity-linked incentives or financing structures without indicating a major change in strategy or scale. While the issuance is relatively small in volume, it signals continued engagement with capital markets and may marginally broaden the company’s investor participation over time.
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.
Beacon Minerals has begun its maiden reverse circulation drilling campaign at the Lady Ida–Lizard project near Kalgoorlie, deploying a JBell Drilling rig to complete 2,200 metres targeting zones of high-grade gold mineralisation. The program is designed to convert historical drilling data into a defined resource, with consultant Entech already engaged on resource modelling and a maiden Lizard Resource anticipated in the coming quarter.
The Lizard deposit lies south of the Iguana deposit and hosts the largest historic open pit within the Lady Ida project, where mineralisation is vertically oriented, associated with a key sedimentary horizon and shows strong grade continuity along strike. Beacon’s review of legacy drilling indicates meaningful potential to extend the deposit both along strike and at depth, suggesting that a successful program could materially enhance the project’s resource base and support future production and growth options for the company.
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.
Beacon Minerals Limited has applied for quotation on the ASX of 22,906 additional ordinary fully paid shares, issued on 5 February 2026 following the exercise of options or conversion of other securities. The modest increase in quoted capital reflects routine capital management activity rather than a major equity raising, but it marginally expands the company’s tradable share base and may slightly enhance liquidity for existing shareholders.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
Beacon Minerals Limited has announced a proposed issue of 500,000 unlisted options as part of a placement or other type of security issue, with each option exercisable at $6.11 and expiring on 2 February 2030. The options are scheduled to be issued on 3 February 2026, indicating the company is using equity-linked incentives or financing tools that may affect its future capital structure and potentially dilute existing shareholders if exercised.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
Beacon Minerals Limited has notified the market of the issue of 500,000 unquoted options, exercisable at $6.11 and expiring on 2 February 2030. The new options, to be issued on 3 February 2026, reflect the company’s ongoing use of equity-based instruments as part of its capital management and incentive arrangements, potentially affecting future dilution and aligning stakeholders with the company’s long‑term performance.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
Beacon Minerals Limited has applied for quotation on the ASX of 1,955,054 additional ordinary fully paid shares, with an issue date of 30 January 2026. The new securities, arising from the exercise or conversion of existing instruments, will modestly increase the company’s listed share base and may provide additional capital or liquidity to support its ongoing mining operations and growth plans.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
Beacon Minerals reported December quarter gold production of 7,310 ounces at an all-in sustaining cost of A$3,832 per ounce, supported by mill throughput of 207,283 dry tonnes and substantial run-of-mine stockpiles containing an estimated 14,000 ounces. Quarterly gold sales reached 8,350 ounces at an average price of A$6,403 per ounce, generating A$53.47 million in receipts and leaving the company with A$36.05 million in cash, alongside significant retained gold holdings at the Perth Mint and in transit that together underscore a robust liquidity position and ongoing gold-retention strategy. Operationally, Beacon advanced development at the Lady Ida Gold Project, with mining operations commencing at the Iguana open pit, continued exploration and resource definition drilling, and infrastructure upgrades including tank farm improvements and relocation of mining equipment from MacPhersons, all contributing to improved recoveries of up to more than 93% on laterite material and reinforcing the company’s production outlook and margins heading into 2026.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
Beacon Minerals has achieved a key development milestone at its Lady Ida – Iguana gold project in Western Australia, successfully completing the first blast at the new open pit on 24 January 2026, which will deliver an initial 20,000 tonnes of laterite ore. Site infrastructure, including mining workshops and offices, is under construction and due for completion in March, with assets being transferred from the MacPhersons operation, while sequential blasting, initial ore mining, and road haulage to the Jaurdi processing plant are set to ramp up through February. The company plans to begin stockpiling Iguana ore at both the mine and Jaurdi ROM in early to mid-February, feed Iguana ore into the Jaurdi mill later that month following completion of MacPhersons processing, and expects its first gold pour from the project in late February 2026, which will activate its joint venture with Lamerton Pty Ltd and Geoda Pty Ltd and mark a significant step in Beacon’s growth strategy.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
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.
Beacon Minerals Limited has applied for the quotation of 406,024 new ordinary fully paid shares on the ASX, following the issue of these securities on 24 December 2025. The additional shares, arising from the exercise or conversion of existing options or other convertible securities, will modestly expand the company’s share base and may have incremental implications for liquidity and existing shareholders’ holdings as the new securities commence trading.
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.
Beacon Minerals has agreed to sell its non-core Mt Dimer mining and exploration tenement package in Western Australia to Forrestania Resources for A$50,000, as part of its ongoing portfolio rationalisation strategy to monetise peripheral assets and cut holding and compliance costs. The deal also includes a A$150,000 exclusivity payment granting Forrestania a pre-emptive right over a further group of Mt Dimer-area tenements, while Beacon intends to use sale proceeds for working capital in line with its gold-retention policy and to continue drilling on the remaining tenements to grow resources and support a future mine decision, signalling a more focused capital allocation strategy for stakeholders.
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.
Forrestania Resources has expanded its Mt Dimer Hub through the acquisition of three mining leases and one exploration licence from Beacon Minerals for $50,000 in cash, while also securing pre‑emptive rights over Beacon’s remaining Mt Dimer tenure – two mining leases and four miscellaneous licences – for an additional $150,000. The newly acquired ground, located north of Forrestania’s existing holdings and proximal to the Dimer‑Jackson Fault, consolidates the company’s footprint in a highly prospective segment of the Marda‑Diemals Greenstone Belt, reinforcing its regional exploration strategy and potentially enhancing future resource growth opportunities at Mt Dimer.
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.