Australia's Beacon Minerals rises on improved gold production forecast for WA project

Beacon Minerals

12/04/2023 04:43

** Shares of Beacon Minerals Ltd  BCN.AX  rise as much as
6.1% to A$0.035, their highest since May 5, 2022 
    ** Gold explorer says it produced 7,540 ounces of gold at
Western Australia's Jaurdi Gold Project for March 2023 quarter 
    ** Adds gold sales for project were 8,045 ounces at an
average sale price of A$2,766 ($1,840.77)/oz for quarter
    ** Further adds full-year gold production guidance at Jaurdi
Processing Plant for 22/23 increased to 28,000 to 30,000 ozs
from previous guidance of 24,000 to 28,000 ozs
    ** Stock posts biggest intraday pct gain since March 31
    ** More than 2.1 mln shares change hands vs 30-day average
volume of 1.8 mln shares
    ** Stock has risen 17.9% this year, as of last close
    
    
($1 = 1.5026 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))