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Beacon Minerals Limited: Jaurdi Gold Project June Quarter Production Update Beacon Minerals Limited

Beacon Minerals Limited: Jaurdi Gold Project June Quarter Production Update

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Perth, Western Australia - Beacon Minerals Limited (ASX: BCN), the leading gold mining company, is pleased to announce the production update for the June 2023 quarter at its 100% owned Jaurdi Gold Project.

In the June 2023 quarter, the Jaurdi Gold Project produced an impressive 7,596 ounces of gold. The mill recovery rate was reported at 90. 3%. A total of 206,797 dry tonnes were milled during this period.

Gold sales for the quarter reached 4,443 ounces, with an average sale price of $2,987 per ounce, resulting in sale receipts of $13. 27 million.

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Additionally, as of 30 June 2023, the company held 3,316 ounces of bullion at the Perth Mint. The subsequent sale of this bullion generated sale receipts of $9. 53 million, with a sale price of $2,875 per ounce.

During the quarter, there were 1,265 ounces of gold in transit.

Furthermore, Beacon Minerals Limited successfully completed the acquisition of 4 Exploration Licenses from Ora Banda Mining Ltd, further expanding its presence and potential in the gold mining industry.

Mining operations at the Jaurdi Gold Project continued at lower rates during the quarter, with a new access ramp constructed and sheeting implemented to enable access to mine areas in Panel 3.

"The company's revised increased production guidance for 22/23 was successfully met with 29,110 ounces produced," stated an official from Beacon Minerals Limited.

The Jaurdi Gold Project continues to contribute to the company's success, solidifying Beacon Minerals Limited's position as a significant player in the gold mining industry.

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