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 is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.