Bellevue Gold holds firm on production outlook - Australian Mining

AI desk brief

Bellevue Gold said September-quarter output fell to 35,585oz from 41,643oz in June as the Barminco contractor transition slowed ramp-up, but it kept FY27 guidance at 150,000–170,000oz and AISC at A$2,800–3,100/oz. AISC rose to A$3,096/oz from A$2,604/oz, while underlying free cash flow before voluntary hedge pre-deliveries was A$47.6m and cash plus gold holdings ended at A$213.2m.

The company cut forward gold sales commitments by 11,150oz to 57,500oz through voluntary early deliveries, moving closer to eliminating its hedge book in FY27 and increasing future leverage to the spot gold price. Bellevue said the disruption should be largely confined to the September quarter, with further operational gains expected in December as workforce availability improves and commissioning continues.