- Beacon Minerals (BCN) has reported its June quarterly production update for its Jaurdi Gold Project in WA and says goodbye to the Min Min Light Prospect
- The company achieved record throughput for the June quarter with a mill run rate 27 per cent above the feasibility study
- For the quarter, nearly 158,861 dry metric tonnes of ore was milled and Beacon produced 6846 ounces of gold
- Beacon is trading in the grey at 3.4 cents per share at 12:32 pm AEST
Beacon Minerals (BCN) has reported its June quarterly production update for its Jaurdi Gold Project and says goodbye to the Min Min Light Prospect.
The company achieved record throughput for the June quarter with a mill run rate 27 per cent above the feasibility study.
A full-year guidance for 2021/2022 is 24,000 to 28,0000 ounces. Increased mill throughputs will allow more low-grade ore to be processed while balancing mill feed grades and recoveries.
For the quarter, nearly 158,861 dry metric tonnes of ore was milled, which is above last quarter’s 145,278.
Beacon produced 6846 ounces of gold, with a full-year total of 573,453 ounces.
Gold sales for the quarter were 6081 ounces at an average sale price of $2,352/oz for sale receipts of $14.3 million. Gold sales for the year are expected to total $71.4 million.
Juardi is located 35 kilometres northwest of Coolgardie, in Western Australia.
The company said it would release the updated resource and reserves for Jaurdi in the quarterly report, expected to come out later this month.
Min Min Light Prospect
Beacon has also withdrawn from the option agreement to purchase the Min Min Light Prospect as it did not show the results the company wanted.
There were no intercepts above 0.50 grams of gold per tonne and Beacon subsequently told the owner about the company’s intention to relinquish the option to purchase the tenements.
On the market this morning, Beacon was in the grey and trading at 3.4 cents per share at 12:32 pm AEST.