Beacon Minerals Limited (ASX:BCN) Announces December Quarter Production Update
Production Overview
Beacon Minerals Limited (ASX:BCN) reported a strong performance at its Jaurdi Gold Project for the December 2024 quarter, producing 6,861 ounces of gold. The company mined 80,990 bcm of ore and processed 208,673 dry tonnes, achieving a mill recovery rate of 87.4%. Gold sales reached 6,551 ounces at an average sale price of $4,060 per ounce, generating total sales receipts of $26.6 million.
Optimisation Initiatives
The Jaurdi milling operations saw a 28% increase in ore processed compared to the previous quarter, facilitated by enhancements to the crushing circuit. The operational improvements have resulted in an annualised throughput exceeding 950,000 tonnes per annum. Beacon plans to introduce a night shift at the MacPhersons Project in February 2025 to further boost production.
Executive Comments
Graham McGarry, Executive Chairman and Managing Director of Beacon, remarked, “We have seen the benefits of the successful upgrading of the crushing circuit and key improvement initiatives at the Jaurdi Mill. This combined with steady performance at the MacPhersons operation has laid the foundation for the increase in gold production for the December 2024 quarter. This performance exceeded our December 2024 guidance and importantly, our guidance for the March 2025 quarter is 7,000 to 8,000 ounces.”
Future Outlook
Beacon Minerals is focused on maintaining momentum through continuous operations and implementing further enhancements within its mining processes, aiming to meet and exceed production targets for the upcoming quarters.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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