Beacon Minerals Limited (AU:BCN) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Beacon Minerals Limited has signed a deal to sell 11.99% of its stake in Maximus Resources to Astral Resources in exchange for shares, aligning with Beacon’s strategic focus on expanding its gold operations. This move supports Beacon’s evolving strategy after acquiring the Lady Ida Project, which aims to bolster resources near its Jaurdi Gold Project. Following the sale, Beacon retains a 7.72% interest in Maximus and will explore options for its remaining shares.
For further insights into AU:BCN stock, check out TipRanks’ Stock Analysis page.