Business
Why the Bellevue Gold (ASX:BGL) share price is crashing 23% lower today
The Bellevue Gold Ltd (ASX: BGL) share price has been a very poor performer on Thursday.
At one stage today, the gold-focused mineral exploration company’s shares were down as much as 23% to 74 cents.
The Bellevue Gold share price has since recovered slightly but is still down 20% to 77.5 cents.
Why is the Bellevue Gold share price being crushed today?
Investors have been selling Bellevue Gold shares today following the release of the Stage 1 Feasibility Study for its Bellevue Gold Project in Western Australia.
According to the study, the Bellevue Gold Project is on track to become a top 25 Australian gold mine with a production profile of 160kozpa in the first five years and Life of Mine (LOM) production of 151kozp.
It is also…
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