BUZZ-Australia's Bellevue Gold slides on trimming production guidance

Reuters
01-06
BUZZ-Australia's Bellevue Gold slides on trimming production guidance

** Shares of Bellevue Gold BGL.AX fall as much as 14.4% to A$0.98, their lowest since Feb. 27, 2023

** Stock logs largest intraday loss since late July

** Aussie gold miner sees production guidance of 150,000 ounces-165,000 ounces in fiscal 2025 vs earlier guidance of 165,000 oz-180,000 oz

** Co does not provide further detail regarding revision of guidance

** Co says increased equipment downtime, completion and commissioning of infrastructure upgrades resulted in delay to accessing higher grade areas which will be mined in 2H25

** More than 8.5 mln shares change hands vs 30-day avg volume of around 7.1 mln shares

** Stock down 11.6% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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