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Beacon Minerals (ASX:BCN) - Managing Director, Graham McGarry - The Market Herald
Managing Director, Graham McGarry
Source: ABC
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  • Beacon Minerals (BCN) has released its production and sales numbers for February — all of which represent a slight decrease from January
  • 2462 ounces of gold were produced from the Jaurdi Gold Project last month, slightly less than the 2556 ounces produced in January
  • Beacon milled 45,546 dry tonnes of material which is about one-and-a-half thousand dry tonnes less than the previous month
  • In terms of sales, Beacon sold 1953 ounces of gold at roughly $2324 per ounce — bringing $4.54 million in sales receipts over February
  • Again, this is a decrease from the $6.59 million in sales receipts generated in January
  • However at the end of February, Beacon had about $27 million in cash which is noticeably more than the $16.09 million it had on January 31st
  • Beacon ended the day with shares up 7.89 per cent to close at 4.1 cents

Beacon Minerals (BCN) has posted its production and sales numbers for February.

Beacon owns the Jaurdi Gold Project, which is 35 kilometres northwest of Coolgardie, Western Australia.

Around 2462 ounces of gold was produced from the project last month, slightly less than the 2556 ounces produced in January.

The gold producer milled 45,546 dry tonnes of material — marking a slight decrease from the 47,083 dry tonnes milled in the previous month.

In terms of sales, Beacon sold 1953 ounces of gold at an average price of $2324 per ounce, meaning it brought in $4.54 million in sales receipts over February.

Again, the sales figures represent a decrease on January, which recorded 2742 ounces of gold sold at roughly $2403 per ounce for $6.59 million in sales receipts.

The company has also announced a corporate structure update. Over 3.3 billion ordinary shares, 438 million listed options and exactly 80 million unlisted options are on issue.

As of February 28, 2021, Beacon had about $27 million in cash, noticeably more than the $16.09 million it had on January 31. The company has no debt.

Beacon ended the day with shares up 7.89 per cent to close at 4.1 cents per share.

BCN by the numbers
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