- Beacon Minerals (BCN) closes out a forward gold sales contract that was to be delivered in monthly instalments from March to August 2022
- The company previously announced it had entered the 9,000-ounce forward gold contract, with the forward price set at an average of $2,700 per ounce
- Beacon says it received $672,000 from the closure, buying 3,000 ounces at $2,666 per ounce on March 18 and 6,000 ounces at $2,603 per ounce on March 21
- BCN shares steady at 3.7 cents
Beacon Minerals (BCN) has closed out a forward gold sales contract that was to be delivered in monthly instalments from March to August 2022.
The company previously announced it had entered into the 9,000-ounce forward gold sales contract at an average price of $2,700 per ounce.
Beacon said it received $672,000 from the closure of the forward sales facility, buying 3,000 ounces at $2,666 per ounce on March 18 and 6,000 ounces at $2,603 per ounce on March 21.
The company said it retained the right to negotiate new forward contracts for up to 9,000 ounces.
Beacon produced 7,779 ounces of gold in the December 2021 quarter from its Jaurdi mine, located near Coolgardie in WA.
BCN shares were steady at 3.7 cents at 1:52 pm AEDT.