Bellevue Gold Announces Profit Surge in FY24

Bellevue Gold Limited (AU:BGL) has released an update.

Bellevue Gold Limited has reported a striking maiden net profit of $75 million for FY24, following the successful start of commercial gold production, which has led to robust free cash flow and a de-risked balance sheet. This financial milestone paves the way for the company’s ambitious five-year strategy to ramp up production and reduce costs, underpinned by a solid liquidity position and reduced debt levels. The company’s exploration efforts also aim to extend the mine’s lifespan, with significant investment in drilling to expand the resource base.

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