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Beacon Minerals ( (AU:BCN) ) just unveiled an announcement.
Beacon Minerals Limited has announced a pre-feasibility study for its Iguana Laterite Deposit, estimating a pre-tax free cash flow of A$96.2 million over 12 months at a spot gold price of A$6,350 per ounce. The study outlines an Ore Reserve Estimate of 972k tonnes at 0.94 g/t Au, translating to 29,400 ounces of gold, with a mine and processing life of 12 months. The company plans to haul ore 43 kilometers to the Jaurdi process plant, with establishment capital estimated at A$2.0 million. This development is part of Beacon’s strategy to expand its resource and reserve base, with ongoing drilling activities at the site.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
More about Beacon Minerals
Beacon Minerals Limited operates in the mining industry, focusing on gold exploration and production. The company is involved in developing mineral resources, with a particular emphasis on the Iguana Laterite Deposit within the Lady Ida Project.
Average Trading Volume: 113,347
Technical Sentiment Signal: Buy
Current Market Cap: A$303.5M
See more data about BCN stock on TipRanks’ Stock Analysis page.