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- Gold miner Beacon Minerals (BCN) has exceeded its quarterly guidance for its wholly-owned Jaurdi Gold Project near Coolgardie in WA
- The company produced 7870 ounces of gold during the December quarter, around 12 per cent above the high‐end of its guidance
- Gold sales for the three-month period totalled 8212 ounces at an average price of $2518 per ounce, generating $20.68 million in sales
- Shares have been trading 2.7 per cent higher at 3.8 cents
Beacon Minerals (BCN) has exceeded its quarterly guidance for its wholly-owned Jaurdi Gold Project, 35 kilometres from Coolgardie in WA.
During the December quarter, the gold miner produced 7870 ounces of the precious metal, higher than in the previous quarter and approximately 12 per cent above the high‐end of its guidance.
During the month of December alone Beacon milled 52,522 dry tonnes and produced 2671 ounces of gold at Jaurdi.
The company sold 3115 ounces at an average price of $2451 per ounce in December, generating $7.63 million in sales receipts.
For the three months to December 31, gold sales totalled 8212 ounces at an average price of $2518 per ounce, generating $20.68 million in sales over the quarter.
In the September quarter, Beacon produced 7453 ounces of gold from Jaurdi and sold 7619 ounces at an average price of $2571 per ounce for $19.59 million.
The company executed an exclusive option to purchase the Jaurdi project from Fenton and Martin Mining Developments back in 2017. Beacon has also since acquired adjacent tenements.
Shares have been trading 2.7 per cent higher at 3.8 cents at 10:53 am AEDT.
