Bellevue Gold Limited ( (AU:BGL) ) has issued an announcement.
Bellevue Gold Limited has announced the closure of $110.8 million in near-term forward gold sale contracts, impacting its financial strategy by allowing gold production to be delivered into the spot market until December 2025. This move is expected to significantly increase free cash flow, strengthening the company’s balance sheet and providing improved capital management options, while the remaining hedge contracts will be managed according to their maturity dates.
More about Bellevue Gold Limited
Bellevue Gold Limited is a company in the mining industry, primarily focused on gold exploration and production. The company operates in the gold market, aiming to leverage its resources and strategic initiatives to enhance its market position.
YTD Price Performance: -12.44%
Average Trading Volume: 10,306,438
Technical Sentiment Signal: Buy
Current Market Cap: A$1.26B
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