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BUZZ-Australia's Bellevue Gold hits 2-week low on FY25 production forecast cut, weak output

Reuters
01-28
BUZZ-Australia's Bellevue Gold hits 2-week low on FY25 production forecast cut, weak output

** Shares of Bellevue Gold BGL.AX fall 4.5% to A$1.07, their lowest level since Jan 15

** Stock on track for third day of consecutive declines

** Gold miner cuts FY25 production guidance to between 150,000 and 165,000 ounces from earlier outlook of between 165,000 and 180,000 ounces

** Posts gold production of 26.1 koz for December qtr, lower than 36.0 koz in the September qtr

** Records quarterly gold sales of 26.2 koz, lower than 39.4 koz in September qtr

** Stock down 0.4% this year, as of last close

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))

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