Australia's Beacon Minerals falls after company cancels share buy-back plan

Beacon Minerals

20/10/2025 01:38

** Shares of Australia's Beacon Minerals BCN.AX fall as much as 6.5% to A$2.90, their biggest intraday pct loss since October 10

** The gold miner says it has elected to cancel the on-market share buy-back programme it had announced on July 21

** In July, co said it would buy back up to 9.4 million shares

** BCN stock last down 5.5%; YTD gains 233%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))