Beacon Minerals Limited (ASX:BCN) has announced its June quarter production update for the 100%-owned Jaurdi Gold Project, reporting a production of 7,365 ounces of gold. Beacon Minerals is focused on gold production and exploration in Western Australia. The company aims to build and retain gold reserves in its metal account at the Perth Mint, prioritising cash retention for future growth and working capital.
The Jaurdi Gold Project saw 254,819 dry tonnes milled during the quarter, with a mill recovery rate of 86.3%. Gold sales for the period totalled 3,900 ounces at an average sale price of $5,163 per ounce, generating $20.1 million in sales receipts. As of June 30, 2025, the company held 2,744 ounces of gold at the Perth Mint and an additional 1,778 ounces of fine gold in transit.
Mining operations continued at the MacPhersons project, with mining rates consistent with the previous quarter. The company reported that waste to ore movements are decreasing, and the cut back of the MacPhersons eastern wall has been completed. Road haulage of ore to the Jaurdi mill sustained ore stock levels, though ROM crushed ore stocks were slightly below plan due to cone crusher mechanical issues.
Beacon Minerals anticipates producing between 6,800 and 8,000 ounces of gold in the September 2025 quarter. Managing Director Graham McGarry stated that the company’s strategy is to maximise the value of its assets and highlighted record mill throughput for the quarter. Stage 2 grade control drilling at Iguana commenced on July 9, 2025, with plans for 343 holes totalling 18,000 metres.
