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Beacon Minerals Limited (ASX:BCN)

ALERT: Price-sensitive ASX Announcement for BCN
Current share price for BCN : $2.870 0.17 (6.30%)+
Announcement
Release
30 Jul 2026 9:47AM
Price at Release
$2.700
Full Release
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Summary
Beacon Minerals Limited's Quarterly Activities Report for the quarter ended 30 June 2026 highlights the company's continued operational strength and strategic advancements. During this quarter, Beacon Minerals produced 5,241 ounces of gold at a cash operating cost of A$5,448 per ounce. The Jaurdi Mill processed 235,602 tonnes of ore, although production was impacted by weather-related challenges. Despite a decrease in the average gold price to A$6,371 per ounce, the company achieved gold sales of 4,701 ounces, generating A$29.95 million in revenue. Beacon progressed various infrastructure and expansion projects, including the Jaurdi Mill tank farm expansion, set for commissioning in November 2026. With no corporate debt and a robust gold retention strategy, Beacon remains financially stable, with a cash position of A$20.69 million. The quarter also saw the completion of significant drilling programs at the Iguana and Lizard deposits, with promising results supporting future resource updates.
Key Points
  • Gold production for the quarter was 5,241 ounces at a cash operating cost of A$5,448/oz.
  • Mill throughput of 235,602 dry tonnes.
  • Average gold sale price was A$6,371 per ounce, generating A$29.95 million in revenue.
  • Cash on hand as of 30 June 2026 was A$20.69 million.
  • Jaurdi Mill tank farm expansion remains on schedule for November 2026 commissioning.
  • Significant drilling programs completed at the Iguana and Lizard deposits.
  • Beacon has no corporate debt and continues its gold retention strategy.
  • Dividend distributions and strategic financial management maintained.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.