Bellevue Gold Limited ( (AU:BGL) ) just unveiled an announcement.
Bellevue Gold Limited announced its March 2025 quarterly report, highlighting a total gold production of 25,146 ounces and sales of 25,775 ounces at an average price of A$3,259 per ounce. Despite encountering lower-than-expected ore grades due to mining dilution and stope performance issues, the company has undertaken an operational review to enhance cash flow and reduce capital costs. Bellevue aims to increase production in the June 2025 quarter to 40,000-45,000 ounces and has revised its annual guidance to 129,000-134,000 ounces. The company completed a $156.5 million capital raising to close out hedge contracts and strengthen its balance sheet, with a focus on maximizing shareholder value through strategic reviews.
More about Bellevue Gold Limited
Bellevue Gold Limited is a company in the mining industry, primarily focused on gold production. The company is based in Western Australia and is listed on the Australian Securities Exchange (ASX) under the ticker BGL. Bellevue Gold is committed to sustainable practices and aims to achieve net zero greenhouse gas emissions by 2026.
YTD Price Performance: -20.0%
Average Trading Volume: 11,553,557
Technical Sentiment Signal: Buy
Current Market Cap: A$1.33B
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