Beaconsfield Gold is raising funds for the third time this year, taking the total equity raised in the past six months to nearly $30 million or over half of the company's total market capitalisation of $51 million.

The $5.8 million rights issue, which closes on August 15 and will be used to accelerate exploration, comes despite difficult market conditions and the coronial inquest into the death of miner Larry Knight in the 2006 Anzac Day rockfall at its Tasmanian mine.