Beacon Minerals (ASX:BCN) announces full year results.

Beacon Minerals announced financial results for the full-year ended June 30, 2022.

Revenue 3% lower due to decrease in sales.

Cogs increased by 21% as a result of significant mill thoughput increase of 38% and associated processing costs compared to previous years.

Cash flow from operations decreased by 18% as a result of increase in expenditure on mining production and $7.1m payment of Australian taxes.

Cash and cash equivalents lower compared to previous year due to payment of Australian taxes and the acquisition of MacPhersons Reward Project for cash consideration of $14.0m.

Following the announcement the company?s share price rose 4.166%.