Australia's Bellevue Gold gains after deal with Genesis Minerals unit

Bellevue Gold

05/07/2023 03:24

** Shares of Bellevue Gold  BGL.AX  rise as much as 5.6% to
A$1.42, their highest since May 5
    ** Mineral explorer says it has signed an agreement with
unit of Genesis Minerals  GMD.AX  
    ** Under the agreement, Genesis will process material from
Bellevue Gold Mine at its Gwalia processing facility
    ** Adds, agreement will enable Bellevue to generate early
cash flow in the September quarter
    ** BGL stock up ~19% this year, as of last close 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))