Beacon Minerals (BCN.AX) has released the production results from its Jaurdi gold project in Australia. The company milled in excess of 215,000 tonnes of ore which resulted in the production of just under 7,800 ounces of gold. As the company produced more gold in Q3 than it sold, the amount of gold sold in Q4 exceeded the production results as the company sold in excess of 9,100 ounces of gold at an average price of A$2,455/oz for a total revenue of A$22.5M.
This means the company has produced and sold almost 30,000 ounces of gold during the 2021 calendar year for a total revenue of just over A$71M. The company reiterated its FY 2022 production guidance at 24-28,000 ounces of gold which means the production in the second half of the financial year will see a production of 9-13,000 ounces of gold.
Disclosure: The author has no position in Beacon Minerals. Please read our disclaimer.
