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Beadell Resources Provides June 2017 Quarterly Report

31 Jul 2017  |  09:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: June 2017 Quarterly Report

Beadell Resources provided June 2017 quarterly report. Gold production for the June 2017 quarter was 23,703oz. Production is forecast to be considerably higher in the second half of the year as grade increases at depth in the Tap AB pit complex. The Company reiterates its 2017 annual production guidance of 140,000 to 150,000oz. Gold production for the next 12 months to June 2018 is expected to exceed 170,000oz. Cash and bullion as at 30 June 2017 was A$38.3m (as at March 2017 was A$55.7m) (bullion valued at AUD/USD = 0.77 and US$1,242/oz). Gold sales for the June 2017 quarter totalled 24,217oz at an average cash price received of US$1,247/oz. New results received at the northern end of the Torres corridor include 24 m @ 3.00 g/t gold from 72m.

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