Beacon Minerals Limited (ASX:BCN) Announces Share Buy-Back
Share Buy-Back Details
Beacon Minerals Limited (ASX: BCN) intends to undertake an on-market share buy-back for up to 9,391,920 fully paid ordinary shares, allocating $12.0 million for the purchase. The buy-back will commence on 1 August 2025, with the purchase price capped at no more than 5% above the weighted price over the five trading days prior. The company may not participate continuously throughout the buy-back period, exercising discretion based on market conditions.
Financial Position
As of 30 June 2025, Beacon Minerals held a cash balance of $20.1 million, alongside 2,744 ounces at the Perth Mint and 1,778 ounces of fine gold in transit. Based on the last trading price of $1.20 on 18 July 2025, the proposed buy-back of 9,391,920 shares is estimated to cost approximately $11.3 million.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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