Australia's Bellevue Gold rises on upbeat production outlook for second half

Bellevue Gold

21/10/2024 02:05

** Shares of Bellevue Gold  BGL.AX  rise as much as 5.4% to
A$1.555, their highest since July 24
    ** Stock marks its best day since Oct. 14 
    ** Gold explorer says FY25 production weighted to the second
half of FY25, reaching a rate of >200,000 ounces per annum from
Q4 FY25
    ** Maintains FY25 forecast production of 165,000oz-180,000oz
and a project AISC of A$1,750-1,850/oz
    ** Co posts quarterly gold production of 35,993oz and gold
sold of 39,405oz at an average realised gold price of A$3,420/oz
and a project all-in sustaining cost (AISC) of A$1,892/oz

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))