- Beacon Minerals (BCN) announces a fully franked dividend of 0.125 cents per share
- The dividends will be paid to shareholders on Friday, October 29
- Beacon says paying a fully franked dividend is a step forward as a small mining company matures and evolves as a business
- BCN is currently working on the resource/reserve statement for the recently acquired MacPhersons project which is expected to be released next week
- Company shares are up 3.13 per cent and is trading at 3.3 cents per share
Beacon Minerals (BCN) has declared a fully franked dividend of 0.125 cents per share.
The company will give option holders two weeks to exercise their options, if they wish to.
BCN will post a notice to option holders on or around October 7 which will have information on how to exercise the options.
The company expects to pay the dividends on Friday, October 29.
Commenting on today’s news is Managing Director and Chairman Graham McGarry.
“The payment of a fully franked dividend is another step forward as a small mining company matures and evolves as a business,” he said.
“The board is more than pleased with the operations of the company at the Jaurdi mine site and the announcement of today’s dividend is a testament to the operations staff and employees who make it possible.”
In terms of its recent activities, Beacon purchased the MacPhersons Reward Project in Western Australia for $14 million in August.
The project is 45 kilometres southeast of Beacon’s Jaurdi gold project and will add value to the company’s existing portfolio.
Beacon is currently working on the resource/reserve statement for the MacPhersons project which is expected to be released next week.
On the market this afternoon, Beacon was up 3.13 per cent to trade at 3.3 cents per share at 2:53 pm AEDT.