First gold bullion sold from Jaurdi Gold Project

Company News

by Katrina Bullock

Gold producer, Beacon Minerals (ASX:BCN) has sold its first gold bullion from the Jaurdi Gold Project.

Approximately 257 ounces was recovered from the initial gold bullion which has been sold at a price of $2,190 an ounce.

The second bar has been produced and dispatched for refining at the Perth Mint.

Managing Director, Graham McGarry, says the company is extremely excited given the record Australian gold price.

Exploration drilling is set to commence on 27 September 2019 with commercial production expected to commence on 1 October 2019.

Shares in Beacon Minerals (ASX:BCN) are trading 7.1 per cent higher at 4 cents.
 

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.