Bellevue Gold tracks losses in Australia's gold stocks, emerges as top loser

Bellevue Gold

13/03/2024 24:20

** Shares of Australia's Bellevue Gold  BGL.AX  fall as much
as 5.3% to A$1.52, emerging as third-biggest losers in ASX 200
Index  .AXJO 
    ** The mineral explorer posts HY profit after income tax of
A$2.2 mln ($1.45 mln) vs loss of A$12.5 mln in the previous year
    ** Co reports HY revenue of A$49.1 mln
    ** Still, BGL stock tracks losses on Australia's gold
sub-index  .AXGD , which fell as much as 2.1% 
    ** Globally, gold prices remained under pressure on Tuesday,
falling more than 1%, after hopes of Federal Reserve cutting
interest rates soon dropped on a hot U.S. inflation report
 GOL/ 
    ** Stock down 4.2% YTD, as of last close 

    ($1 = 1.5133 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))