Beacon Minerals (BCN) H2 2025 earnings summary

Executive summary

• Achieved record gold production of 25,639 ounces at Jaurdi for FY2025, up 10% year-over-year, with a mill run-rate reaching 1,000,000 DMT per annum in the June quarter.

• Closing cash position was $14.38 million as of 30 June 2025, with additional gold held at Perth Mint and in transit.

• Completed a $10.3 million fully underwritten entitlement issue and executed key acquisitions and divestments, including the Lady Ida Project and Wealth of Nations tenements.

• Announced a 40:1 share consolidation and an on-market share buy-back for up to 9.39 million shares post year-end.

Financial highlights

• Revenue increased to $92.7 million, up from $83.4 million in FY2024.

• Reported a total comprehensive loss after tax of $10.8 million, compared to a profit of $9.3 million in the prior year.

• Gross loss of $10.4 million, down from a gross profit of $20.7 million year-over-year, driven by higher cost of goods sold ($103.1 million vs $62.7 million).

• No dividends paid in FY2025 (previous year: $3.76 million).

• Net assets at $66.6 million as of 30 June 2025.

Outlook and guidance

• Focus for FY2026 will be on advancing the MacPhersons Reward, Geko, and Lady Ida projects.

• Exploration and resource development to continue at Iguana and Mt Dimer, with drilling planned to convert prospects into JORC-compliant resources.

• Continued strategy to build and retain gold in metal accounts and maintain cash for growth and working capital.