Bellevue Gold Update Disappoints, Shares Slide -- Market Talk

Dow Jones

Jan 06, 2025

0105 GMT - Bellevue Gold's 2Q operational update is significantly weaker than expected due to low grades, Moelis Australia analyst Paul Hissey says in a note. Access to higher grade ore--to support an uplift in production rates--has been delayed, resulting in an even stronger 2H weighting to production forecasts for the year, he says. There is "some abstruse disclosure in the result which a skeptic may choose to infer additional underperformance for the quarter," says Hissey. The update provides 2Q sales numbers but then refers to FY production guidance, which could mean that 2Q production was even lower than sales, he says. Bellevue is down 9.4% at A$1.0375/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 05, 2025 20:06 ET (01:06 GMT)

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Access to higher grade ore--to support an uplift in production rates--has been delayed, resulting in an even stronger 2H weighting to production forecasts for the year, he says. There is \"some abstruse disclosure in the result which a skeptic may choose to infer additional underperformance for the quarter,\" says Hissey. The update provides 2Q sales numbers but then refers to FY production guidance, which could mean that 2Q production was even lower than sales, he says. Bellevue is down 9.4% at A$1.0375/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2025 20:06 ET (01:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bellevue Gold Update Disappoints, Shares Slide -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBellevue Gold Update Disappoints, Shares Slide -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-06 09:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0105 GMT - Bellevue Gold's 2Q operational update is significantly weaker than expected due to low grades, <a href=\"https://laohu8.com/S/MOE.AU\">Moelis Australia</a> analyst Paul Hissey says in a note. Access to higher grade ore--to support an uplift in production rates--has been delayed, resulting in an even stronger 2H weighting to production forecasts for the year, he says. There is \"some abstruse disclosure in the result which a skeptic may choose to infer additional underperformance for the quarter,\" says Hissey. The update provides 2Q sales numbers but then refers to FY production guidance, which could mean that 2Q production was even lower than sales, he says. Bellevue is down 9.4% at A$1.0375/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2025 20:06 ET (01:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BGL.AU","symbol_name":"BELLEVUE GOLD LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501142670","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501142670","pubTimestamp":1736125560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0105 GMT - Bellevue Gold's 2Q operational update is significantly weaker than expected due to low grades, Moelis Australia analyst Paul Hissey says in a note. Access to higher grade ore--to support an uplift in production rates--has been delayed, resulting in an even stronger 2H weighting to production forecasts for the year, he says. There is \"some abstruse disclosure in the result which a skeptic may choose to infer additional underperformance for the quarter,\" says Hissey. The update provides 2Q sales numbers but then refers to FY production guidance, which could mean that 2Q production was even lower than sales, he says. Bellevue is down 9.4% at A$1.0375/share. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BGL.AU":"BELLEVUE GOLD LTD","BK7104":"黄金"},"translate_title":"贝尔维尤黄金更新令人失望，股价下跌——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGL.AU":0.9},"content_text":"0105 GMT - Bellevue Gold's 2Q operational update is significantly weaker than expected due to low grades, Moelis Australia analyst Paul Hissey says in a note. Access to higher grade ore--to support an uplift in production rates--has been delayed, resulting in an even stronger 2H weighting to production forecasts for the year, he says. There is \"some abstruse disclosure in the result which a skeptic may choose to infer additional underperformance for the quarter,\" says Hissey. The update provides 2Q sales numbers but then refers to FY production guidance, which could mean that 2Q production was even lower than sales, he says. Bellevue is down 9.4% at A$1.0375/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 05, 2025 20:06 ET (01:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}