Australia's Beacon Minerals drops as quarterly gold sales fall

Beacon Minerals

15/04/2024 03:57

** Shares of Beacon Minerals  BCN.AX  fall as much as 6.7%
to A$0.028
    ** Stock clocks its biggest intraday percentage decline
since March 27
    ** Gold miner posts 12.5% y-o-y drop in March-quarter gold
sales from Jaurdi Gold Project in Western Australia, while
production slid a little under 30%
    ** ~4.8 mln shares traded vs 30-day avg of ~3.9 mln
    ** Stock last down 3.3%, cutting YTD gains to 16%

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))