Beacon Minerals (BCN) Q1 2027 TU earnings summary

Executive summary

• Gold production rose 19% QoQ to 6,250 oz; quarterly sales were 8,300 oz at A$5,998/oz, generating A$49.78m in revenue.

• Mill throughput increased 13% QoQ to 265,877t, while mining material movement rose 19% QoQ; the expanded tank farm began wet commissioning after quarter end.

• Iguana’s 430,200 oz Ore Reserve and nine-year PFS mine life support a longer-term production outlook.

Financial highlights

• Cash on hand was A$27.69m at 30 September 2026; quarterly sales receipts were A$49.78m.

• Quarterly cash operating costs were A$3,796/oz; AISC was A$4,531/oz, including royalties and sustaining capital under the project cost measure.

• Capital expenditure was A$5.19m; corporate expenditure excluding dividends was A$6.98m, including A$5.63m income tax payments.

• Net mine cash flow was A$21.6m for the quarter, versus negative A$3.4m in June 2026; calculation excludes inventory movements.

Outlook and guidance

• December 2026 quarter production guidance: 5,500–6,500 oz.

• Iguana PFS forecasts a nine-year operating life, average AISC of A$3,283/oz and pre-tax undiscounted cash flow of A$841m at A$5,500/oz gold.

• Tank upgrade commissioning began 13 October; initial milling rates of 1.2 Mtpa were achieved. Geko water pipeline commissioning is planned for March 2027.

• Maiden Lizard Resource is scheduled for Q2 FY27; Mt Dimer drilling is planned for Q4 FY27, subject to completion of heritage surveys.