Beacon Minerals generates $30M in gold sales
- Beacon Minerals produced 5,241 ounces of gold at its Jaurdi Gold Project in the June quarter.
- Gold sales totalled $30 million from 4,701 ounces sold at an average price of $6,371 per ounce.
- The company declared a $0.10 fully franked dividend alongside an in specie distribution of 36,000,000 Forrestania Resources shares to reward shareholders.
Beacon Minerals (ASX:BCN) produced 5,241 ounces of gold at its Jaurdi Gold Project during the June quarter.
The gold sales generated $29.95 million in receipts from 4,701 ounces sold, despite realised gold prices dropping approximately 10% over the previous quarter to $6,371 per ounce.
Total ore and waste mined reached 660,418 bank cubic metres, while the mill processed 235,602 dry tonnes with an 86.9% recovery rate.
Operational milestones included processing Iguana laterite ore through early June and recommencing milling on 1 July 2026 at throughput rates above 1.2 million tonnes per annum.
Capital raising efforts added $4.24 million through exercised listed options during the quarter, with another $1.73 million raised after quarter-end.
Following the announcement, the Beacon Minerals share price was unchanged at $2.75.
The company will pay a fully franked cash dividend of $0.10 per share on July 21.
Additionally, eligible shareholders will receive a special in-specie distribution of 36,000,000 ordinary shares in Forrestania Resources (ASX:FRS) on Aug. 14.
