Beacon Minerals generates $49.8M gold revenue

Grafa
11:34

Full story: https://grafa.com/en/news/australia/beacon-minerals-generates-49-8m-gold-revenue

  • Beacon Minerals produced 6,250 ounces of gold and achieved total gold sales of 8,300 ounces during the September 2026 quarter.

  • The company recorded total gold sales receipts of $49.8 million at an average realised sale price of $5,998 per ounce.

  • Processing operations resumed on key ore sources alongside early commissioning of the processing plant upgrade ahead of schedule.

Beacon Minerals (ASX:BCN) produced 6,250 ounces of gold at its Jaurdi Gold Project and generated $49.8 million in total gold sales receipts during the September 2026 quarter.

The quarterly operational results reflected total gold sales of 8,300 ounces at an average sale price of $5,998 per ounce.

Beacon Minerals Executive Chairman and Managing Director Graham McGarry commented, “Gold production increased by 19% from the June quarter due to higher mill throughput being achieved on the current mill feed blend.”

During the period, the company processed 265,877 dry tonnes of ore with a mill recovery rate of 86.1%, while total ore and waste mined reached 791,072 bank cubic metres.

Post-quarter wet commissioning of the plant upgrade commenced ahead of schedule on Oct. 13.

Following the announcement, the Beacon Minerals share price was up at $3.03.

The company maintained liquidity with 1,546 ounces held in its Perth Mint metal account and 1,635 ounces of gold in transit as of 30 September 2026.

Additional capital movements included raising $1.76 million through option exercises alongside distributing a special in-specie share dividend in Forrestania Resources (ASX:FRS) to eligible shareholders.

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