Australia's Bellevue Gold slides on trimming production guidance

Bellevue Gold

06/01/2025 24:02

** 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;))