Beacon Minerals (ASX:BCN) September Quarter Production Update

Beacon Minerals Limited (ASX:BCN) has reported a significant increase in gold production at the 100% owned Jaurdi Gold Project. In the September 2024 quarter, the company produced 5,230 ounces of gold, milled 162,679 dry tonnes, achieved a mill recovery of 88.5%, and recorded gold sales of 4,376 ounces at an average sale price of $3,696/oz, resulting in sale receipts of $16.17 million. Additionally, there were 1,857 ounces of bullion on hand/in transit at the end of September 2024. The company also provided production guidance for the December quarter, aiming to produce 6,500 ounces of gold.

Executive Commentary on September Quarter Production

Our gold production increase in the September quarter reflects improved weather conditions in August/September and the introduction of MacPhersons ore to the Jaurdi Mill. We look forward to providing the full quarterly activities report shortly.

Summary of Beacon Minerals September Quarter Update

Beacon Minerals (ASX:BCN) reported a notable increase in gold production at the Jaurdi Gold Project, attributed to improved weather conditions and the introduction of MacPhersons ore to the Jaurdi Mill. The company aims to produce 6,500 ounces of gold in the December quarter. The update also highlighted continued mining activities at the MacPhersons Reward Project, with a focus on MacPhersons Central and evaluation of additional ore outside the current ore reserve. Beacon Minerals emphasized the speculative nature of its securities and the high-risk nature of mineral exploration, advising potential investors to consult their stockbroker or financial advisor. The company also provided a disclaimer regarding forward-looking statements and the inherent uncertainties in the mining business.