Beadell aims to maximise the value of the Company’s assets for the benefit of all shareholders. We believe that this will be achieved by growing the Company to become an intermediate gold producer with a production capacity of approximately 300,000 ounces per annum. This target likely to be reached with two/three profitable operating mines in the Americas with long mine lives and excellent exploration potential.
Our 100% owned Tucano mine in Brazil is the first step in this process. Tucano has a growing resource/reserve base and an improving operation. Operational and safety initiatives have been implemented which will see Tucano operate to North American standards in the future. Our investment in the training and enrichment of our people leads to a close working relationship with the community in which we operate.
The land position controlled by Beadell, over 2,500km2 of contiguous ground, is very underexplored for gold and sits in the prolific Guiana Shield. Exploration results to date continue to support the hypothesis that Tucano sits in the centre of a large mineralised gold system.
A strong Board and management team has been assembled to lead the Company towards its goals. We are all committed to increasing shareholder value and increasing utility for all stakeholders.