Australia's Develop Global climbs on contract with Bellevue Gold

Develop Global

14/04/2022 03:18

** Shares of Develop Global Ltd  DVP.AX  rise as much as
7.1% to A$3.45, hitting their highest since March 14
    ** Co set for best day since Feb 21, if gains hold
    ** The base metal miner says it was awarded a mining
contract at Bellevue Gold's  BGL.AX  Bellevue Gold Mine in
Western Australia    urn:newsml:reuters.com:*:nFWN2WB12E
    ** Miner says the contract is for ~A$400 mln ($298.32 mln)
    ** Under the contract, Develop Global will construct,
develop, and produce at Bellevue's underground mine
    ** Stock down 16.4% this year, as of last close 
    
     ($1 = 1.3408 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))