Beacon Minerals Limited · ASX:BCN
Beacon Minerals — FY2023 Earnings Presentation
9 slides from Beacon Minerals's earnings presentation, Aug 31, 2023
Slide 1: 2023 Financial Year Results
2023 FINANCIAL YEAR RESULTS ASX:BCN 31 August 2023 For personal use only
Slide 2: Forward Looking Statements and Disclosures
FORWARD LOOKING STATEMENTS AND DISCLOSURES Forward Looking Statements This presentation contains certain forward looking statements with respect to Beacon Minerals Limited (Beacon) financial condition, results of operations, production targets and other matters that are subject to various risks and
Slide 3: Corporate Summary
CORPORATE SUMMARY Corporate Summary as at 31 August 2023 Mineral Resources and Ore Reserves Statement – 30 June 2023 2 ASX Code BCN Ore Reserve – Jaurdi Proved 0.11 million tonnes @ 1.7 g/t gold Share Price $0.025 Ore Reserve – Jaurdi Probable 0.04 million tonnes @ 1.0 g/t gold For personal use only
Slide 4: FY23 Production Highlights
FY23 PRODUCTION HIGHLIGHTS Ore Milled (DMT) (‘000) Ore Mined (BCM) (‘000) 26,742 oz sold 543 533 534 791 854 (6%) on 2022 1 For personal use only 573 306 422 A$2,703 oz sold 0 0 7% on 2022 FY 19 FY 20 FY 21 FY 22 FY23 FY 19 FY 20 FY 21 FY 22 FY 23 534,000 BCM Ore Mined 75% on 2022 Gold Produced (oz)
Slide 5: FY23 Financial Highlights
FY23 FINANCIAL HIGHLIGHTS Financials Units FY23 FY22 Change Revenue increased by 2% as a result of a increase in the average gold sale price. Revenue A$’000 $72.29 $71.16 For personal use only Cost of Goods Sold A$’000 $61.69 $45.77 COGS increased by 35% as a result of significant mill throughpu
Slide 6: Cash Generation
CASH GENERATION Movement in Cash ($M) Cash decreased by $8.3M over For personal use only the year with a cash and cash equivalent at the year end of $4.4M Subsequent to the year end the 3,316 ounces held at the Perth Mint as at 30 June 2023 was sold at $2,875/oz for sale receipt of $9.53 million
Slide 7: Balance Sheet
BALANCE SHEET Cash Balance ($M) Working Capital ($M) Strong balance sheet with For personal use only 22.0 29.5 23.4 excellent liquidity 20.7 22.9 15.3 12.7 14.2 $4.4 M in cash with 4,581 ozs of gold on hand with 3,316 held at 4.4 4.9 Perth Mint at 30 June 2023 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19
Slide 8: Return to Shareholders
RETURN TO SHAREHOLDERS DIVIDENDS RETURN FOR SHAREHOLDERS • Fully franked dividend of $0.001 ($3.76 M) • Payout rate of 33% of operating cash flows paid December 2022 For personal use only • Return $129/oz produced in dividends • Interim fully franked dividend of $0.00125 ($4.5M) paid April 2022 • To
Slide 9: Focus for FY24
FOCUS FOR FY24 • Continue to focus on meeting guidance, managing costs and improving OPERATIONAL EXCELLENCE safety For personal use only • Focus on increasing Resources and Reserves HIGH IMPACT EXPLORATION • A$2.0 M exploration budget for FY24 • Continue testing prospective greenfield targets • Asse