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

Reuters
06 Jan
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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10