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Bellevue Gold (ASX:BGL) reports first ever net profit in FY24 as Bellevue gold mine starts production

Tue 01 Oct 24, 06:12 AM | Team Kalkine

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Highlights

Bellevue Gold Limited (ASX:BGL) is a gold exploration and development company with interest in the development of the Bellevue Gold Project, located in the gold and nickel-producing district of Western Australia. In the financial year ended 30 June 2024, the company recorded its first net profit after tax of AUD 75 million, primarily driven by the commissioning of the Bellevue gold mine in Western Australia. In May 2024, BGL officially declared commercial production.

Furthermore, in FY24, the company generated AUD 298.4 million in revenue and AUD 41 million in free cash flow from production of 42,705oz.

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