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Beacon Minerals declares inaugural dividend of 0.25 Australian cent

Beacon Minerals Ltd. said Sept. 29. that it will pay an inaugural and unfranked special dividend of 0.25 Australian cent per share to shareholders of record as at Oct. 11.

According to Managing Director Graham McGarry, the dividend payment highlights the success at the company's Halleys East gold project in Western Australia.

In mid-July, Beacon entered an agreement to sell a total of 12,199 tonnes of gold ore from the Halleys East project to Northern Star Resources Ltd. at A$611.87 per tonne.