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…