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

Bellevue Gold

28/01/2025 01:09

** 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))